Zoustar (Aus) continued his march Down Under by breaking the record for the most expensive stallion share ever sold at public auction in Australia when topping the Inglis Digital June (Early) Online Sale at A$1.3m.
Interest in the Qatar Bloodstock offering was global and led to some extraordinary participation, with 15 bids for the 1/60th share placed above A$1m alone.
It was Bangaloe Stud who struck the winning bid with Qatar's David Redvers describing the result as “fabulous”.
“I was fascinated by the whole process,” he said. “It's a very new thing for us, selling something like this online but the Inglis Digital platform is an excellent and dynamic way in which to trade.”
He added, “I've been watching it from afar for quite a while now and it's clearly a proven platform. I mean this sale alone had more than 400 lots in it so it's a proven and well used platform and if we were going to put something as significant as some equity in Zoustar online, Inglis Digital was the obvious platform to use.
“We were expertly guided through the whole process by [Inglis Bloodstock CEO] Sebastian [Hutch]. You are always slightly nervous putting something so valuable to public auction in case it falls below expectation but in this instance, the process and the result matched and exceeded expectations and I was delighted to do that bit of business with Inglis.
“What this result does is it demonstrates quite clearly the esteem in which Zoustar is held and it's great that the market's view of the stallion matches our thoughts on how good he is and how valuable he is.”
Bangaloe Stud's Julia Ritchie said the A$1.3m invested in the stallion share for Zoustar was 'worth every penny.'
She explained, “I was always prepared to go close to that price and in the end he's worth it, every penny of it. That said, that was my absolute upper limit, I didn't really have another bid in me but I think it's worthwhile to be able to become involved in a superstar stallion like Zoustar.
“I've been supporting Zoustar previously as a breeder and to now be able to have a share in a young stallion who is kicking it out of the park, as a breeder that's what you like to do, to support these next generation of great stallions.”
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