1st Mar 2016
Session I of the Inglis Premier Yearling Sale concluded on a high today with a clearance rate of 87% and record average of $111,000, up 14% on last year’s figure, driving a record aggregate of $51,393,000, an increase of 16%.
Furthermore, 32 horses were sold for in excess of $250,000, a significant increase on the 18 in 2015, demonstrating the growing demand for top quality colts and fillies at Victoria’s principal yearling sale.
CLICK HERE to view the InglisTV Day 3 Summary.
Topping the sale was the Snitzel x Beauty World colt (Lot 474) which was secured for $700,000, making him the second-highest priced yearling to be sold at a sale in Victoria. A half-brother to four stakes winners, he was signed for by international bloodstock agent Justin Bahen on behalf of his client Mr Little Hung.
“When Mr Hung and I first came onto the complex we knew he was the colt we wanted, he was at the top of our list,” said Bahen.
“We viewed him half a dozen times. He was full of energy throughout the sale and had a consistent attitude. We spent enough time to make sure he was the right horse for us,” Bahen said.
“He will spell for about a month at Booralite Park to get over the sale, the aim is to get him going for a couple of races around this time next year,” Bahen added.
The sale-topping colt was sold through the draft of Blue Gum Farm as agent for Neville Duncan’s Western Australian-based Oakland Park Stud, breeders of the champion Northerly.
Earlier in the day, the Sebring x Viking Turf Belle colt (Lot 411) was sold through the same draft to McEvoy Mitchell Racing, the leading buyer by aggregate. Tony McEvoy spent $1,480,000 on eight yearlings in Session I, commenting “the quality has increased at this sale. There were some lovely horses at the Classic sale and more quality horses here.”
Blue Gum Farm were awarded the Best Presented Draft, for which Phillip Campbell and his team were on hand to accept. Achieving outstanding results over the three days, Blue Gum Farm became the first vendor in Melbourne Premier history to record a gross of over $4 million.
“We are delighted to achieve such great results for the clients and the farm,” said Campbell.
“Our two top colts today were both outstanding animals with great presence, and we’re confident they’ll get the best chance with their buyers,” Campbell added.
Supreme Thoroughbreds recorded the second-highest price on day three, selling a son of Chatswood Stud’s resident sire Reward For Effort from the family of Group 2 winner Sertorius (Lot 470) for $380,000 to China Horse Club, making Supreme one of 20 vendors to average $120,000 or more (2 or more sold).
“The overwhelming results from Session I are representative of the confidence in the Victorian industry, and in the Premier Sale,” said Inglis Victorian Manager Simon Vivian.
“The jump in average of 14% proves that the results are there for breeders and vendors who support the sale with high-quality horses,” Vivian added.
Complete vendor, buyer and sire statistics for Session I can be viewed at inglis.com.au
Photos of the sale's Top Lots are available on the Inglis Facebook page, InglisBloodstock
Inglis’ Make-An-Offer Service is available for lots which passed-in during Session I of the Inglis Premier Yearling Sale.
The fourth and final day of the auction starts at 10:30am tomorrow, where Lots 574 to 755 will be offered and will be broadcast on Inglis Sale Day Live, plus Online Bidding and Make-An-Offer will again be available.
2016 Inglis Premier Yearling Sale Statistics
(End Of Day Three 2015 in Brackets)
Lots Catalogued: 573 (623)
Lots Sold: 463 (458)
Clearance Rate: 87% (82%)
Average Price: $111,000 ($97,003)
Median Price: $85,000 ($80,000)
Top Price: $700,000 ($560,000)
Gross: $51,393,000 ($44,507,500)