Phoenix Thoroughbreds snaps up I Am Invincible lifetime breeding right
Son of Invincible Spirit has sired four Group 1 winners including Brazen Beau
Phoenix Thoroughbrds made its presence felt in Sydney on Thursday when picking up a lifetime breeding right in boom sire I Am Invincible during the breeding prospects instalment of the Inglis Chairman’s Sale.
The Yarraman Park-based I Am Invincible has firmly established himself as one of Australia’s leading young stallions in recent seasons, with 34 of his yearlings selling during this week’s Inglis Australian Easter Yearling Sale for a combined A$18.7 million (£10,201,980/€11,778,290) at an average of A$548,529.
It took a bid of A$575,000 (£314,000/€362,165) to secure the breeding right and Phoenix expressed their delight on Twitter following the sale.
“It’s easy to understand why we wanted a lifetime breeding right in I Am Invincible,” said the group. “He’s second in the leading sire list in Australia and sired five yearlings that brought at least A$1m at the Easter sale.”
Yu Long Investments made its mark with two big-priced purchases in quick succession, headed by the Group 2-winning mare Gypsy Diamond, in foal to I Am Invincible, for A$1.35m.
The sole seven-figure lot sold at the select auction was the highlight of an otherwise tough market, where the clearance rate closed at 58 per cent for the session featuring weanlings, race fillies, mares and mares in foal.
Inglis managing director Mark Webster did not hide his disappointment and promised a review of The Chairman’s Sale’s placement and make-up of the catalogue.
“We introduced The Chairman’s Sale last year with the view that we wanted to assemble and offer a catalogue of elite breeding prospects and we were quite strict about the selection criteria for that sale to keep it at a manageable level to be held the day after the Easter sale,” Webster said.
“What we should have done, with a catalogue of 200, is move the sale back a day to give everyone a bit more time to inspect the foals and mares that were on offer.
“We have got a lot right in coming out here to Riverside Stables, but there is plenty for us to improve on with this format next year.”
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