In May last year, New Zealand trainer, breeder and industry all-rounder Jim Wallace sold his dual Oaks winner Pennyweka at the Inglis Chairman’s Sale for $1.6 million.

Nearly three weeks later, another New Zealand industry icon, Te Akau’s David Ellis, traded in 10-time Group 1 winner Imperatriz for an Australasian record price of $6.6 million at the Magic Millions National Sale.
Both mares were bought by Yulong’s Zhang Yuesheng.
Pennyweka, the New Zealand Oaks and Australian Oaks winner of 2023, was paraded at Inglis’ Riverside Stables complex in Sydney and was one of nine $1 million mares to change hands at last year’s Inglis’ annual breeding stock sale night of nights.
Then, when it was Imperatriz’s time to be sold late on May 28, 2024, Ellis and his wife Karyn Fenton-Ellis were at Magic Millions’ Bundall complex on the Gold Coast, but their immensely valuable daughter of I Am Invincible was not.
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