03/29/2005 12:00AM

$1.4M colt in Aussie sale

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The Australian Easter yearling sale produced two seven-figure sales in its opening session on Tuesday in Sydney, Australia.

A colt that brought Aus$1.8 million (about $1,386,000 U.S.) topped the session. The colt is by the popular Australian sire Redoute's Choice and was bought on a final bid from bloodstock agent Tim Stakemire, who was bidding on behalf of Sheikh Mohammed bin Khalifa al Maktoum. The colt is out of Saucy Nell, an unraced Marauding mare. Saucy Nell is a half-sister to Australian juvenile champion Encounter, and this colt is her first foal. Newhaven Park, agent, sold the colt as Hip No. 149 in the catalog. The price is about $1,386,000 in U.S. currency.

The session's other big price was Aus$1.2 million, or about $924,000 in U.S. dollars, which Belmont Bloodstock paid for Tyreel Stud's Royal Academy colt out of Sydney's Dream, by Bletchingly. Sydney's Dream is an Australian Group 1 winner and the dam of Australian Group 2 winner Charge Forward (by Red Ransom) and Australian Group 3-placed Sydney's Joy, a full sister to the sale colt.

The session-topper never threatened last year's sale-record Aus$2.2 million for a Danehill-Prawn Cocktail colt, but two seven-figure sales helped the 2005 opener maintain strong figures. A total 173 yearlings for Aus$36,448,000 were sold at the session, for an average price of Aus$210,682, or about $162,225 American. With more total sales, gross was way up from last year, when 135 lots brought Aus$28,182,500. The 2005 average also rose from last year's Aus$208,759.

The sale was to continue through Thursday.