Myrrh Australia clean up on Coast
SHB pinhooking group Myrrh Australia enjoyed a profitable Magic Millions Sale with the successful sale of 4 yearlings with partners Silverdale Farm and Milburn Creek.
The first yearling offered was LOT 27 a colt by Written Tycoon x Alcatraz offered by Silverdale Farm which was purchased by James Bester and Coolmore Australia for $625,000.
This racy type was purchased privately for $200,000 in conjunction with the breeder – Two Bays Farm and represented an excellent return on investment.
Next up – Silverdale offered LOT 143, an athletic colt by promising young stallion Shalaa from the winning Fastnet Rock mare Cashla Bay, which sold to leading Victorian training partnership Mick Price/Michael Kent Racing for $150,000.
Whilst not a positive financial result for Myrrh Australia ($100,000 weanling purchase), this was perhaps unlucky as if the colt sold after the 2021 Magic Millions was run and won by Shalaa colt Shaquero this could have been a much better outcome.
The third horse sold by Myrrh Australia was a precocious colt by First Season Sire Extreme Choice offered by Milburn Creek who sold for $400,000 to Ciaron Maher Bloodstock.
This colt proved very popular with a variety of trainers and was widely inspected with Maher emerging victorious after a spirited bidding duel with Sydney trainer John O’Shea. This colt was privately purchased in conjunction with breeder Aquis Farm for $100,000 and was another excellent return for the group.
LOT 705, the final yearling offered by Myrrh Australia was a daughter of Not a Single Doubt from the Success Express mare Rhodamine who sold to the powerful Gai Waterhouse/Adrian Bott training partnership in Sydney for $750,000.
This stunning filly was one of the most inspected lots in the entire sale with numerous x-ray hits. Beautifully prepared by Silverdale Farm, the filly represented an excellent return off her $280,000 weanling purchase.
All up the yearlings sold on behalf of Myrrh Australia sold for $1,925,000 from an initial outlay of $680,000 offering an excellent return on investment.
With 3 yearlings left to sell the group is in excellent shape to record another healthy profit.
Myrrh Australia Manager Suman Hedge is very happy with results posted to date.
“We’ve had a strong start and I could not be happier for my loyal supporters who stuck solid through COVID and have been rewarded with excellent results.”
Hedge also paid tribute to Magic Millions and partners Silverdale and Milburn Creek.
“Magic Millions deserve a lot of credit for organising a great sale in the most difficult and uncertain times and our partners Silverdale and Milburn Creek have done a wonderful job preparing and selling these horses and garnering a terrific return for our investment group,” said Hedge.
