Yearling attracts record price at auction

    The colt out of Dubawi sold for 2.6m guineas at the Tattersalls October Yearling sales.

    Story highlights

    • Yearling sells for $3.4 million
    • Colt sired by Dubawi and Fallen for You

    (CNN)He is only a year old and he's never run a race, but the offspring of a champion racehorse has become the highest-priced yearling of 2016 after being sold for $3.4 million at a Newmarket bloodstock auction.

    The colt was purchased Tuesday for 2.6m guineas (£2.73m.) A guinea is equivalent to $1.5 and is an amount used during horse auctions.
      He was sold on day one of the Tattersalls October Yearling Sale on the strength of his pedigree out of sire Dubawi, the Irish 2000 Guineas winner and Epson Derby third, and Group Two Coronation Stakes winner Fallen for You.
      Lot 39 attracted interest from bidders in Australia, Qatar, South Africa and the UK, but it went to John Ferguson, a former trainer and Dubai ruler Sheikh Mohammed's bloodstock adviser for Godolphin racing.
      Ferguson also bought the second highest-priced lot, another Dubawi colt out of Group Two winner Giants Play, for $1.6m (£1.26m or 1.2m guineas.)
      The record for a yearling at Tattersalls was the $6.7m (£5.25m or 5m guineas) paid for Galileo filly Al Naamah in 2013. She has scored place results in a number of Group races but will be very valuable for her breeding, according to Tattersalls spokesman Jimmy Georg