PATINACK Farm is disappointed with yesterday’s media reports describing Magic Millions National Yearling Sale as a farce and has issued the following statement.

The negativity surrounding the reduction sale in some parts is all too predictable and it’s disappointing to read such biased opinion.

These comments are totally inaccurate and to say the sale has been a "farce” is way off the mark. One article draws a list of withdrawn horses for Friday, but several are not even owned by Patinack.

Back in April, Patinack Farm announced its intention to sell the whole operation, including properties and stock on a walk in – walk out basis.

While the broader sale of the company is still open for negotiation and the door ajar for new parties to come forward, a large number of Patinack’s stock has been available for purchase through the MM National Sale on the Gold Coast.

However just like any sale in this particular industry, precautions have to be taken to ensure horses are not just given away but that they reach something like their market value.

All the withdrawn horses are available for sale privately, but do have a strong market value and won’t be sold cheaply at a soft sale.

With that in mind, some articles in the media have been too quick to judge the intentions of Patinack Farm on the back of some withdrawals and retained horses. It should also be reiterated that Patinack Farm will no longer race horses in Australia despite recent uninformed media commentary.

The Magic Million sales have been a huge success and we thank MM for their assistance, in what has been busy time for our sales team as well. We also pay tribute to the buying bench assembled at the complex in recent days.

But to confirm, the company is quite genuine in offering its entire operation for sale and the dispersal of 400 horses should make it clear we are willing to sell our stock this week.

However "some yearlings and racehorses have been retained to assist with negotiations for the broader sale of the business”.

Patinack Farm, with a heavy heart, let go of some of its outstanding fillies and mares in Nechita, Endless, Longport and Pear Tart to name a few, but with the soft nature of the sale, some yearlings and racehorses have been retained pending further private or a total sale.

A small number of racehorses have indeed been withdrawn from Friday’s sale, but there are a number of metropolitan runners still in the auction that will take the number of stock to be sold past the 400 mark.

Patinack Farm has a long list of city winners and well-bred untried two-year-olds in the sale on Friday that should interest buyers who like a ready-made racehorse.

STATEMENT FROM NATHAN TINKLER'S PATINACK FARM