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A colt by Japanese stallion Deep Impact has fetched $1.7 million at the opening session of the Inglis Easter Yearling Sale in Sydney.

Melbourne trainer Lloyd Kennewell and Spendthrift Farm have joined forces to buy the first million dollar lot at the Easter Yearling Sale in Sydney.

They paid $1.7 million at the first session on Tuesday for the colt by Japanese stallion Deep Impact  out of Grito, offered by Arrowfield Stud.

Grito is a half sister to Sung, the dam of Sires' Produce winner and Golden Slipper runner-up Microphone.