I think there would be quite a few people querying whether any yearling sale ever provides true "value for money" but I nevertheless raised an eyebrow at a letter sent by Paul Moroney to all his clients yesterday:

"Dear Clients,

As no doubt you are aware, the yearling sales series is underway and Paul Moroney Bloodstock and Ballymore Stables will once again be sourcing yearlings from most of the sales in Australasia. We decided to miss the Gold Coast sale as we feel it does not offer value for money and we will be concentrating instead on the New Zealand Bloodstock's Karaka sale which starts on January 30, and the three William Inglis sales in Australia - the Classic sale in early February and Melbourne Premier in March and Sydney Easter in April. [...]"

I can (sort of) appreciate the Inglis Classic sale being included in the 'value for money' list .... but Easter ?!?!?!

(give me a break !)