06/06/2013 3:02PM

Magic Millions National yearling sale: Tinkler buys back some of his dispersal stock

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The three-day yearling section of the Magic Millions National sale ended with sizable gains in its select portion but also a good deal of consternation among buyers after embattled businessman Nathan Tinkler bought back several of his high-profile yearlings offered as part of his dispersal.

Magic Millions reported 319 yearlings sold for Tuesday and Wednesday’s two-session select portion of the auction, totaling approximately $12,253,100 ($12,753,000 Australian). Measured in Australian currency, the gross spiked 65 percent compared with the National select yearling sale in 2012, when 241 lots sold for about $7,412,900 ($7,715,000 Australian). The select sale average price of about $38,400 rose 25 percent compared with last year, and the median of about $23,000 increased 20 percent. The buyback rate stayed nearly level at 27 percent, compared with 26 percent last year.

A filly by Group 1 winner Manduro led the proceedings, selling for about $480,800 ($500,000 Australian). One of the prizes of Tinkler’s dispersal heading into the sale, the filly was actually bought back by Tinkler via his trainer John Thompson. The filly is out of the Sadler’s Wells mare Endless, a full sister to Arlington Million winner Powerscourt and a half-sister to Kind, dam of unbeaten champion Frankel and two other group stakes winners.

The other top four yearlings in the select sale, all from Tinkler’s dispersal, were recorded as bought by Magic Millions, as agent, and the company in total was listed as buyer of 26 yearlings. Magic Millions managing director Vin Cox confirmed following the auction that the majority of those purchases by the sale company were for Tinkler, who had over the past several months put his large bloodstock holdings for sale in several auctions with the stated intent of liquidating his assets.

Several buyers and agents expressed disappointment to Australian media about the development, including Hong Kong trainer Tony Millard, who underbid on two of the yearlings bought by Magic Millions as agent.

“We had our sights set on a couple of nice types, and missed out, [and] because of that we missed out on other horses we would have bought [earlier],” Millard told the Sydney Morning-Herald.

Additionally, 22 horses in training owned by Tinkler were withdrawn from Friday’s National racehorse sale, which concludes the two-week auction.

Thursday’s general session of the Magic Millions National yearling sale sold 90 yearlings, yielding gross receipts of about $557,200 ($580,200 Australian). This marked an 89 increase in Australian currency compared with 2012, when a far lower number of horses offered and sold produced gross sales of about $295,300 ($307,350 Australian). The average price during the general session fell 12 percent to about $6,190, and median dropped 32 percent to $3,240.

For complete results, click here.