03/26/2008 11:00PM

Record price at Australian sale

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Australia's Magic Millions finished its week of selling select yearlings with a sale record of $2.2 million (Australian) for each of two Redoute's Choice colts.

Both colts, whose prices were about $2.02 million in U.S. currency, went to Nathan Tinkler's Patinack Farm. Tinkler is a relatively new investor in the Thoroughbred game but has already made a splash. At this auction alone, he spent more than $16 million for a total of 59 yearlings.

The sale-record prices beat out last year's record $2 million (Australian) for a Sadler's Wells-Sunday Joy colt that trainer Gai Waterhouse purchased. This year's record-breakers were Hip No. 785, a son of the Dance Floor mare Gypsy Dancer that Coolmore Stud sold, and Hip No. 861, a colt out of the Last Tycoon mare Lady Capel consigned by Baramul Stud. Hip No. 785 is a half-brother to Australian champion juvenile Dance Hero, and Hip No. 861 is a half-brother to Australian Group 1 winner Casino Prince.

Despite the records, the week's figures declined slightly. The week saw 686 horses sell for a gross of about $99,493,692, with the average price falling 14 percent to about $145,034.