The Hong Kong Jockey Club held its first June session of the Hong Kong International Sale at the Sha Tin Racecourse Parade Ring tonight, Friday, 15 June, and all 14 lots offered sold for an aggregate of HK$24.2 million.
The June auction is the second that the Club has staged this year, following the March session at which 26 lots sold. This evening’s event was the first time that the Jockey Club had restricted a sale to bidders holding a PPG (Privately Purchased Griffin) permit.
Lot 9, a roan Shamardal half-brother to the Group 3 winner Gossamer Seed, topped the sale at HK$2.8 million. The auction’s average was HK$1.7 million.
Mr. Andrew Harding, the Hong Kong Jockey Club’s Executive Director, Racing, said: “The Club has only one objective from its sales, which is to give Owners the opportunity to acquire good quality horses. We are pleased that we achieved that tonight.
“This is the first time that we have restricted a sale in this way,” he continued. “We designed the sale specifically as a service to PPG holders and because of that difference we knew that it would have an impact on the prices compared to the March sale. It is important to us to provide those PPG permit holders with an opportunity and that is what we have done here this evening. As with all of our sales, we did not come here to make a profit.”