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Half-brother to Deep Impact tops day of declines in Japan

JRHA Select Foal Sale comparative figures day one

 Year  Cat  Off  Sold  % sold  Aggregate (yen)  Average (yen)
 2009  180  175  118  68  3,073,700,000  26,048,305
 2008  180  165  124  75  4,471,500,000  36,060,484

AFTER Monday's auspicious start, trade slowed at the JRHA Select Sale at Northern Horse Park, despite the presence of some star lots including a three-parts brother to two-time Horse of the Year Deep Impact.

That colt, a first crop son of leading Japanese miler Daiwa Major and out of 1994 Oaks runner-up Wind In Her Hair, was sold for 165,000,000 yen (£1,087,203/€1,267,804).

He was purchased by the day's leading buyer Takaya Shimakawa, an established owner with more than 100 horses in training who also paid 155,000,000yen (£1,021,362/€1,190,737) for a son of Deep Impact and 125,000,000yen (£824,219/€961,372) for a Symboli Kris S half-brother to Japan Cup winner Admire Moon - about £130,000 less than his yearling half-brother by Rock Of Gibraltar realised a day earlier.

The sluggishness at the top end of the market resulted in sobering figures despite disarmingly sun-filled skies, a stark contrast to Monday's cheery gains recorded during a relentless downpour. Tuesday's session resulted in a drop of 31 per cent in both aggregate and median and a fall of 28 per cent in average compared to last year's first foal session. Those losses are roughly in line with declines at breeze-up sales in the US this spring.

JRHA vice-chairman Terry Yoshida was not available for comment after the sale, but a spokesman for the organisation said: "I don't want to simply compare the figures with lastyear's first-day foal session, because then the market was wonderful. Still, this is a market which we must accept in the current economy.

 

"Because the yearling market yesterday was very good, I understand some consignors set a high reserve today, resulting in a high rate of buybacks. Tomorrow's catalogue is better than last year's second day, so I hope we'll have a better market then, especially if consignors adjust their reserves."

One of the stallions to suffer most from high expectations was Deep Impact, whose second crop of foals was going through the ring. Seven of the dual Horse of the Year's 16 foals offered were not sold, with the remainder bringing an average of 32,833,333 yen (£216,135), on a stud fee of 12,000,000 yen (about £79,000).

Faring much better was Symboli Kris S, who has already had three crops of racing age. The stallion had seven ofnine lots sold for an average of £317,500, making him the leading sire by average.

First-crop sire Admire Moon, another generating high expectations, had only half of his eight lots sold, for an average of 24,500,000 yen (£161,475). His high price was 50,000,000 yen, for a muscular colt sold by former Olympic showjumper Takeshi Shirai. Out of the five-time winner Ciliege, the colt was bought by Lexington Farm, the nom de plume of transport company owner Shigeki Goto, a longtime owner who recently purchased a farm in the breeding district of Shizunai.

The most cheerful person at the auction was probably Shimakawa, the leading buyer. As he was handed the sales ticket for his second big purchase, Shimakawa feigned shock. "So much?" he asked. Later, the buyer joked that he was worried about his bank account. It seems that even for big spenders, downplaying is the in thing.

 

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TOP TEN

STALLION £ TOTAL PRIZE
Galileo £11,597,622
Dark Angel £3,704,206
Dubawi £3,194,696
Frankel £2,708,934
Kodiac £2,231,181
Acclamation £2,090,548
Iffraaj £2,067,853
Sea The Stars £1,923,734
Nathaniel £1,880,694
Invincible Spirit £1,699,882