Chatswood Stud has increased the service fee for its champion first-season sire Reward for Effort to $16,500 (inc gst) this year.
Reward for Effort is currently the leading Victorian based second-season sire by earnings, stakes winners and winners off an initial fee of $11,000.
Yearling buyers have been quick to recognize his growing success with 14 of his stock averaging $97,500 at the Inglis Premier Yearling Sale.
The highlight was a show-stopping colt from Batik that made $380,000 to the bid of China Horse Club.
Reward For Effort was the most profitable of all Victorian based sires at Oaklands in terms of multiple of service fee and the Batik colt was the highest priced yearling offered by a Victorian based sire.
Chatswood Stud is also really pleased with the progress of its Caulfield Guineas winner Anacheeva. His fee remains unchanged at $6,600
The Group 1 winning son of Anabaa (USA) had just two yearlings offered in Session II at Inglis Premier and they averaged $47,500. He also had a colt from Wyndam Belle sell for $70,000 at the NZB Select Yearling Sale, so is certainly capable of getting a commercial yearling that can please the market.
For further information, please contact Greg Willis at Chatswood Stud on 03 5799 0560