Wed | Mar 29, 2017

Yearling fetches record $4m at TOBA sale

Published:Wednesday | November 12, 2014 | 11:00 AM

A well-grown chestnut colt, by Performing Magic out of Sea Treaty, bred by the Everglades Farms Limited, fetched the record price of $4 million at the annual Thoroughbred Owners & Breeders of Jamaica (TOBA) yearling sale held at Caymanas Park on Sunday.

Entering the ring as Lot 85, the Performing Magic-Sea Treaty yearling, foaled on March 14, 2013, attracted an opening bid of $500,000. After some spirited bidding, was sold to trainer Anthony 'Baba' Nunes, on behalf of Trinidadian owner Vishan Ali. The sales-topper erased the previous record of $3.8 million paid by Nunes last year for a chestnut colt by Forest Danger out of Wap (BALLON D'OR), also bred by Everglades.

Ali, who races horses under the nom de course Ice Water Stables in T&T, said the star-faced yearling will remain with Nunes until early next year, when he will be shipped to Trinidad, and conditioned by Nunes at his other stable in the twin-island republic.

The Performing Magic-Sea Treaty colt is a half brother to the 2011 Jamaica Derby winner, TECHNOMOTO, and also to this year's Trinidad Triple Crown winner, MOMENTUM.

Only 10 yearlings attracted prices of $1 million and over, prompting TOBA President Howard Hamilton to describe the sale as "disappointing".

He said 140 of the 166 lots offered (some withdrawn) were sold for a total turnover of $92 million - well below the record $113.8 million in 2011.

Also fetching good prices were Lot 105, a bay filly by Philanthropist out of Kitsilano, bred by Ham Stables, sold to Ruddy Levy for $3.7 million; Lot 95, a bay colt War Marshall-Jamaican Dream, bred by Paradise Farms, sold for $2.7 million; Lot 98, a bay filly Market Rally-Found In The Mist, bred by HAM Stables, sold for $2.1 million; and Lot 123, a grey filly Rising Moon-Miss Lee, bred by Trevor Dunkley Sr, sold for $2 million.

The sale commenced on an encouraging note when former Trinidadian champion trainer, Glenn Mendez, who now conditions PRINCESS POPSTAR, purchased a bay colt by Legal Process out of Jamaican Runner, bred by New Blue Limited (Lot 1) for $1.6 million.

Hamilton noted that while the Trinidadians purchased many yearlings, as usual, this year the overall unit prices were less, contributing to the sale falling some way below the $100 million mark.

- O.C.