Patinack Dispersal Lights Up Gold Coast

PATINACK DISPERSAL LIGHTS UP GOLD COAST 
By Rob Burnet 
The Patinack Farm Complete Dispersal commenced at the Magic Millions Bundall sale complex on the Gold Coast yesterday as Magic Millions co-owner Gerry Harvey called in his advances to Nathan Tinkler’s now finished venture into the Thoroughbred industry. As Tinkler’s financial position deteriorated over the past two years, Harvey had advanced loans to his Thoroughbred business of some A$40 million with security over what racing stock Tinkler had left, the bloodstock and various properties. 
Harvey called in his security in August and it was announced that Magic Millions would conduct a complete dispersal and the sale company launched a complex operation to transport the bloodstock to the Gold Coast, as well as taking into account mares foaling at the time of the sale. These mares were sold with video on them on the sale screens while other mares walked into the sale ring with their recent foals. 
The sale complex was very well attended by a wide collection of industry breeders and agents, with Harvey commenting that the reason they were there was ‘pretty simple,’ with the failed Patinack venture offering the industry the opportunity to pick over the operation. 
Also in attendance was Tinkler himself, flanked by media personality Richard Freeman, as he watched his former operation disappear into the massed ranks of the industry. 
A total of 197 horses were sold for A$22,487,000, at an average of A$117,733 and a median of A$40,000. 

Magnier Succeeds For Top Lot… 
The top lot of the day, however, was one of only two lots catalogued that were not part of the Patinack 
dispersal. Lot 456, the 9-year-old broodmare Believe ‘N’ Succeed (Aus) (Exceed and Excel {Aus}) from Attunga Stud on behalf of Jynnbrook Birchall Dispersal, fetched A$1.1 million from Tom Magnier. The Group 3 winner, whose first foal is New Zealand champion sprinter Bounding (Aus) (Lonhro {Aus}), is carrying to the recently deceased sire Street Cry. 
Bidding went in $100,000 lots and Magnier had the bid at $1 million. There was a pause as this level was considered, and then a further $50,000 bid was taken. Magnier came back at $1.1 million and this time there was no response. 
“She is a lovely mare and we will take her home and decide who she will go to,” said Magnier. “We have horses back at the farm like Camelot and Pierro, so we will take her back and we will decide where we will go from there.” 
He added, “It has been a great sale. We have got a couple of mares so far and we are happy with that.” 
Coolmore signed for six lots at A$2.46 million. 

Goldin Loads Up For Akeed… 
A new broodmare buyer at the sale was Hong Kong businessman Pan Sutong’s Goldin Farms in the Barossa Valley. Situated on the former Hayes-owned Lindsay Park, the stud has been buying mares to support its foundation sire Akeed Mofeed (Ire) (Dubawi {Ire}), the winner of the 2013 HKG1 Hong Kong Derby and G1 Longines Hong Kong Cup. 
Leading Goldin’s purchases was lot 455, the Group 1 winner Bel Mer (Aus) (Bel Esprit {Aus}), for A$850,000. The 10-year-old mare was sold in foal to All Too Hard, and was the top price of the Patinack Dispersal. 
Andrew Perryman, Goldin’s stud manager, signed for six lots for A$2.53 million, and they were the second top buyer after Harvey’s Baramul with 12 lots at A$3.84 million. 
“It is to give Akeen Mofeed the opportunity as a stallion,” said Perryman. The farm expects to have a 50-strong broodmare band in what will be a significant boost for breeding in South Australia. 

Baramul Keeps Busy… 
Harvey himself was busy under his Baramul Stud banner. Lot 381 was No Evidence Needed (Aus) (Shamardal), out of the Generous (Ire) mare Generosa (NZ), who was a winner and Group 2 placed. No Evidence Needed won six races, including the G2 Let’s Elope S. She walked into the ring with a bay colt foal by All Too Hard, and was picked up by Harvey for A$720,000. Harvey later outlasted Magnier to secure Lot 410, the Classic winner Serious Speed in foal to All Too Hard, for A$720,000, and a short time later he added lot 447, the Group 1 winner Allez Wonder (Aus) (Redoute’s Choice {Aus}) in foal to that same young sire, for A$750,000. 
Another regular on the Australian scene getting in the mix was John Singleton’s Strawberry Hills Stud, which picked up lot 492, Dreams and Wishes (Aus) (Galileo {Ire}), for A$700,000. Dreams and Wishes, who is carrying her second foal, by All Too Hard, is out of Procrastinate (Aus) (Jade Hunter), and is therefore a half to Group 1 winner Laisserfaire (Aus) (Danehill), multiple Group 3 winner A Time For Julia (Aus) (Redoute’s Choice {Aus}), and Group 1-placed winners and sires Time Thief (Aus) (Redoute’s Choice {Aus}) and Foreplay (Aus) (Danehill). 
The racemares section of the catalogue commenced proceedings, and it was apparent that the chosen lots of favor would attract strong bidding. Segenhoe Stud went to A$610,000 for lot 390, the stakes winner Peron (Aus). The Husson (Arg) mare out of the Flying Spur (Aus) mare Faster Pussycat (Aus) had won six times, including the Ispwich TC Gai Waterhouse Classic, and she is Group 2 placed. Faster Pussycat has had four to race with all winners, including the seven times winner Gai’s Choice (Aus) (General Nediym {Aus}) who won the same race as Peron at Ispwich. This is also the family of Group 1 winner Eagle Falls (Aus) (Hussonet), who won eight times including the G1 Oakleigh Plate. 
South Africa’s Klawervei Stud went to A$410,000 to secure Pretty Pins (NZ) (lot 310), the Group 3 and six-times winner by Pins (Aus) out of the Military Plume (Aus) mare Luna Tudor (Aus), and the half-sister to Group 1 winner Allez Wonder (Aus) (Redoute’s Choice {Aus}), who was later sold as well. 
The broodmares brought with them what auctioneer Steve Davis called the ‘cute factor,’ with some entering the sale ring with their foals. Lot 334, Happy Hippy (Aus) (Shamardal) had the cute factor with a bay filly foal by freshman sire All Too Hard (Aus). Happy Hippy is also a stakes winner and winner of three races. 
Davis asked for A$100,000 to start the bidding and immediately he received that level, but as fast as he could deliver the bidding levels the price went up in A$25,000 bids, which were coming from four corners of the sale ring. At A$550,000 Davis finally went to A$460,000, and this was followed by a further A$10,000 bid to settle the sale at A$570,000 to Lawrence and Linda Monds’ Tyrell Stud. 
The young sire All Too Hard, plucked out of the Patinack business before he had finished racing last year by Harvey’s Vinery Stud syndicate, continued to be in demand with mares either in foal to him or with foals on the ground. 
The sale continued a strong demand for broodmares from established and new industry entrants 
“In the last five months, Magic Millions has sold about A$92.5 million worth of breeding stock,” said Vin Cox, Magic Millions managing director. “Having taken just short of A$70 million at the National Sale and then to turn around and sell another A$22.5 million for an out-of-season sale speaks volumes for the Australian bloodstock industry. Competition was wide and varied from the start of the sale until the last lot this evening. We are now looking forward to the final breeze-up session tomorrow morning in preparation for Tuesday’s Gold Coast Horses-in-Training Sale.”