Patinack Farm awaits Tinkler to finalise MM draft
- BY:TONY ARROLD
- From:The Australian
- August 20, 2012 12:00AM
PATINACK Farm exploded on the world bloodstock market in 2008, leaving its mark on the Deauville yearling sale in France, the Magic Millions in Australia and the National in New Zealand.
Mining magnate Nathan Tinkler, the principal of Patinack Farm, stunned industry regulars with a $6.5 million investment in 24 yearlings in New Zealand and followed up with a $19m spree for 59 lots at the Magic Millions Gold Coast sale.
The newcomer turned up at Deauville some four months later and left with three lots at a cost of about $2m, the trio including the Galileo-Olympic Girl sales topper, at about $1.3m.
Patinack Farm continued buying, much to the relief of the Australian industry, in the grips of the equine influenza crisis at the time.
But four years on from that debut burst of spending, Patinack Farm, with a policy of retaining the majority of what it breeds and rarely going to the commercial market, has found the numbers have mushroomed to levels of over-population.
With Tinkler on mining business in Singapore last week, the draft has yet to be finalised, but expectations are of an offering of 200 broodmares and about 110 horses of racing age, two years and older.
The broodmares will be offered on October 30, the remainder on November 2, with the two sessions of the Horse in Training sale to be staged in between, on October 31 and November 1.
l INGLIS’ Melbourne August Thoroughbred sale proved one of the strongest monthly mixed auctions of recent times with turnover up 55 per cent on last year to $2.914 million, and the average price up 8.2 per cent to $10,084 on a 90 per cent clearance of 289 lots.
Two mares from the Wadham Park unreserved dispersal fetched $100,000, but the $300,000 topper was La Dolce Diva, a daughter of legendary Makybe Diva.
By Kentucky Derby winner Fusaichi Pegasus and the $1.2m topper of the 2010 Inglis Easter yearling sale, La Dolce Diva was knocked down to her breeder Tony Santic’s Makybe breeding operation.