The Spendthrift Farm brand is well known and established in North America having achieved a great deal in that continent.
But they will undertake a first ‘Downunder’ next week when its Australian offshoot, Spendthrift Australia, sells a yearling through the Inglis Easter Yearling Sale.
They have been significant buyers at the sale in recent years, but this will be the inaugural Spendthrift transaction from the other side of the ledger.
Spendthrift Australia, based in the Macedon Ranges, has been rapidly growing as a stallion station and broodmare farm since they took over Yallambee Farm in 2015.
Through the Milburn Creek draft they are offering one of only three yearlings by star sire Tapit on offer at the Easter Sale, an outstanding grey colt (Lot 122).
Tapit has emerged as one of the most influential and breed-shaping stallions, with 21 Group 1 winners, 20 yearlings to bring over US$1 million at auction, and earners of over US$110 million on the racetrack.
Spendthrift’s impressive grey yearling colt is from a Group winning female family. His dam, the Harlan’s Holiday mare Euphrosyne, was a Group 3 winner herself in America in the Oaklawn Park Honeybee Stakes. His grand dam is Three Graces is a listed winner, from the family of Private Horde, with his great grand dam a Group 1 winner of the Monmouth Oaks.
“In the mould of his champion sire, this yearling is well grown with a good shoulder, is well set behind and has a lovely walk,” Spendthrift Australia’s General Manager Gary Cuddy said.
“Well travelled, he was born at Spendthrift’s Kentucky Farm in southern hemisphere time where he enjoyed the warm climate, before arriving in Australia last October.
“Some will ask why are we selling him? But that is what we do. It is the perfect opportunity to showcase a yearling of his class to the international buying group. He will get a lot of attention and interest from the good judges.”
Next year will be an even bigger milestone for Spendthrift Australia with the progeny of their resident shuttle sires to make their yearling sales ring debuts.
“Following the successful formula adopted in America, Spendthrift will spread their yearlings out among other farms rather than have their own draft,” Cuddy said.
“It’s a way we can support the breeders that support us, a way of saying thank you.”