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Inglis Premier Day-1: $620K For Snitzel Colt
Little Hung, an emerging force in the thoroughbred world, is starting to form a serious affiliation with quality Snitzel colts at the Melbourne Premier Yearling Sale. Last year the Hong Kong-based Mr Hung bought the Premier sale-topper, a Snitzel x Beauty World colt he paid $700,000 for which now races as undefeated Talindert Stakes winner Ducimus. Yesterday, Mr Hung purchased the day's top-priced yearling, a Snitzel x Mightier colt from the Millford Thoroughbreds draft (as agent for Cressfield Stud) for $620,000. Mr Hung has become a big investor in the industry, this year already having bought up big in Japan, Ireland and now adding to his Australian artillery. The $620,000 buy was the fourth-highest priced colt ever sold at Premier, following a bidding duel with the Hong Kong Jockey Club. "We had our heart set on him after all the inspections we did,'' Mr Hung said. "He's a strapping colt, big boned, great girth and hind quarter. He's a sensible colt, he's got a brain on him and you really need that." Millford were one of 36 vendors to enjoy a perfect clearance rate on Day 1, with Maluka Thoroughbreds selling all seven they entered (the highest of the day) while Woodside Park sold five from five and ended the day as the leading vendor by aggregate at $975,000. The opening day ended with a strong clearance rate of 81%, an average of $124,414 and a gross of $13,685,500. The Blue Riband session was again a success, averaging $134,692 with a clearance rate of 84%. The leading buyer by Lots purchased and aggregate was McEvoy Mitchell Racing with five yearlings for $710,000. "The top part of the market is very strong, the median is quite amazing when compared to last year and while the clearance rate started a little soft early, the buyers found their feet as the day progressed which was great to see," said Inglis' Victorian Bloodstock Manager Simon Vivian. Day 2 kicks off at 10am today.