Big Price For Yearling In Japan

Although the bad global economy has certainly hit Japan as much as the rest of the world, Shigeyuki Okada seems to be weathering the storm. Okada, a Japanese horse breeder known for buying high priced yearlings in Japan and Australia, spent $145 million yen on a colt by Rock of Gibraltar (Ire) at the Japan Racing Association July Select Sale in Hokkaido. That converts to about 1.57 million dollars for the half-brother to Japanese Horse of the Year Admire Moon (Jpn).