The cream of the crop in young horses and not-so-young legends of the industry are mingling in Karaka.
Veterans Bart Cummings and Sir Patrick Hogan rubbed shoulders and checked out the best offers on the hoof yesterday.
Billionaire Dato Tan Chin Nam, one of the richest men in Malaysia, returned to the sales for the first time in many years.
It was understood he was eyeing up the three-quarter brother to So You Think, a horse he bought for $110,000 and sold 50 per cent of for $30 million.
Heading New Zealand Bloodstock's six-day auction showcase, the Karaka Premier Sale has some of the best yearlings in the Southern Hemisphere. The Premier Sale is immediately followed by the three-day Select Sale, at which 620 horses will go up for bids this Wednesday and Thursday.