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First crop of son of Pierro will be two-year-olds next season
On Friday, Yulong announced that young Group 1 winning stallion Pierata (Pierro) would join their stallion roster.
Winner of the Group 1 All Aged Stakes (1400m), Pierata's first crop have been well received at the yearling sales this year, selling up to $800,000.
"Pierata finished outside the top five just twice in his career," Fairgray said.
"Few stallions these days have such complete racing campaigns as Pierata, and throughout his career he showed his incredible soundness, brilliance and raw talent – all qualities that put him on track for success as a stallion.
"To acquire him at this point in his career, just months away from his first runners, is incredibly exciting for both Yulong and the Victorian industry. We've seen how well-received his first yearlings were at the sales this year."
The first foal out of Group 1-winning mare Loving Gaby, a filly who sold to Ciaron Maher and David Eustace for $800,000, while a colt sold to Guy Mulcaster for $650,000. Matt Laurie and Justin Bahen secured a colt for $550,000 and Gai Waterhouse and Adrian Bott picked up a filly for $500,000.
Pierata has been well supported by the industry since his announcement at stud, first in the Hunter Valley for his debut season, covering 169 mares, then in Queensland where he covered books of 143 and 139 mares.
"From a practical level, the investment made into his second- and third-year mares means the momentum will keep going over the next couple of years, and we're looking forward to planning matings for Pierata to some of our elite broodmares at Yulong," added Fairgray.