As communicated Princess Park has launched our inaugural Weanling Pinhooking Syndicate and we have been blown away by the level of investor support for the concept.
At an information evening held a few weeks ago, attendees learned about the plans to carefully select and acquire a team of 10 weanlings from the major weanling sales held around Australia over the next couple of months. These weanlings will be grown out at Princess Park and be prepared to be sold at the Inglis Premier Sale in Melbourne in March 2018.
Lead by experienced bloodstock agent Sheamus Mills, we traveled to the Sydney Inglis Weanling Sale two weeks ago and kicked off the buying.
With only 110 lots presented for sale, opportunities to buy were limited but I am happy to report we did secure one filly for the syndicate.
The filly is by proven stallion Choisir and out of the Thorn Park mare Immortalize. A lovely walker, with a strong shoulder and a massive back end, this filly is by the right stallion and we are confident that she should grow into a marketable yearling. We brought well paying just $26,000 for her.
As well as being a phenomenal racehorse, Choisir has a terrific track record of siring stakes winners worldwide.
His best performed racehorses in Australia include Starspangledbanner, Sacred Choice and Japonisme. He landed another Group 1 winner just last week when two year old colt The Mission won The Champagne Stakes in Sydney over 1600 metres. The Mission is the 12th Group I winner for Choisir, who stands at Coolmore this spring at a fee of $29,700.
Looking ahead, the next weanling sale is on the Gold Coast on the 25th and 26th May. The catalogue is packed with 554 lots. The final sale is in Melbourne late June and word has it that it will have around 400-500 lots. So plenty of opportunity to add to our team.
Due to client demand we are making available an additional 5 shares in the syndicate.
We will be holding an information lunch in Melbourne in the next few weeks. Anyone who would like to learn more should contact Adam Palmer.