The record price for a yearling sold in Europe was smashed at Newmarket on Tuesday on a day when more than 26 million guineas changed hands at Tattersalls Park Paddocks.
A staggering 3.6 million guineas was paid by MV Magnier, son of Coolmore supremo, John Magnier for a son of Galileo and brother to this year’s Oaks runner-up Secret Gesture.
Lot 144 was sent for sale by the Newsells Park Stud which is at Barkway near Royston and the bidding which started at 1,000,000 guineas, developed into a duel between Qatar’s Sheikh Fahad Al Thani and Mr Magnier with the latter prevailing to a round of applause from the packed sale ring.
The previous highest amount paid for a yearling in Europe was 3.4 million guineas 13 years ago, also at Tattersalls and also by the Coolmore operation. The colt, later named River Dancer, went on to be a Group 1 winner.
The opening day of the the three-day ‘elite’ sale saw 124 lots sold for 26,319,000 guineas, a rise of 14 per cent on the opening session in 2012. The turnover for the day was the highest for this sale since its inception in 2003.