Gingin breeders Alan and Sue Olive's big investment in the breeding industry was rewarded yesterday when their Fastnet Rock colt fetched $575,000 at the Magic Millions Yearling Sale on the Gold Coast.
The impressive colt, sold by Newgate Farm on behalf of the Olives, was secured by leading Melbourne-based syndicator Brad Spicer.
He is the first foal from Giant's Causeway mare Awesome Planet, who won the Group 3 Doomben Roses and was placed in multiple feature races in New Zealand. Awesome Planet was passed in for $520,000 at the 2011 Inglis Australian Easter Broodmare Sale, but later sold to the Olives in a package deal.
The Olives are keen to establish their Gold Front Thoroughbred Breeding and Racing operation as one of the leading stud farms in WA and made their debut as yearling sellers at last year's MM Perth sale.
"It's a good result for us and WA," Alan Olive said. "This colt was exceptional and we sent him over to Newgate about six or eight weeks ago to get ready for the sale.
"Awesome Planet has a pretty good record and pedigree.
"She has another Fastnet Rock filly on the ground which is a cracker and is in foal to Redoute's Choice, so we're hoping this one goes well."
Gold Front's 24 yearlings for next month's Perth sale features youngsters by top stallions More Than Ready, High Chaparral, Snitzel, Exceed And Excel, Testa Rossa, Hussonet, Choisir and Blackfriars.
A Redoute's Choice colt out of Group 1 TJ Smith Classic winner Apercu, bought by trainer John O'Shea for $800,000, topped the third session of the Gold Coast sale.
Meanwhile, talented stayer Brandy Lane makes his comeback in today's tabtouch.mobi Handicap (1400m) at Ascot.
The Ray Saw-trained gelding strained a tendon in the 2010 ATA Handicap (2200m) en route to the 2011 Perth Cup (2400m).
Brandy Lane won the GA Towton Cup (2200m) and finished a close second to Aquinas in the Tattersall's Cup (2100m) to figure as one of the leading cup challengers.
The seven-year-old had stem cell treatment to the tendon and has had two years out of racing.
"He has had two trials and is still remarkably very competitive," Saw said. "I thought he was going to be a good chance in the Perth Cup, but this happened. He has been put back in work and spelled again several times."
Last season's top apprentice Ryan Hill will ride the Marooned gelding today.
·Prize money for The Prince of Wales Hotel AHA Cup (2000m) on March 3 will be $80,000, the Bun- bury Turf Club announced.
Racing and Wagering WA chief handicapper David Hunter is confident the race can be elevated to Listed status in the next few years.