Fastnet filly heads day one of Inglis Melbourne
BUYER demand for quality yearlings pushed trade to more than A$10 million on day one of the Inglis Melbourne PremierYearling Sale at Oaklands, Australia, on Monday.
A clearance rate of 78 per cent from the 179 yearlings offered helped the aggregate reach A$10,201,500 (£6,861,744/€8,118,165) at an average of A$73,392 (£49,316/€58,352).
A clear indication of the increased depth of pedigree and type in this year's sale was the 30 per cent rise in the median price to $65,000 (£43,677/€51,681) compared to the opening day 12 months ago.
Scone's Kia-Ora Stud, vendor of the South African Horse of the Year Igugu at the Premier Sale three years ago, had the honour of selling the top priced lot, a filly by
She was purchased by Gary Mudgway and John McArdle. Mudgway selected Group 1-winning Fastnet Rock three-year-old filly Mosheen from the Inglis Easter Sale in 2010 and said this filly reminded him a lot of last year's VRC Oaks winner.
He said the filly will be syndicated to race for the McArdle stable.
The top priced colt, offered by Pinker Pinker's vendor Millford Thoroughbreds, was also by Fastnet Rock from Litowinda.
He was bought by Sydney trainer Anthony Cummings for A$250,000.
Fastnet Rock: accounted for the top two lots at MelbournePICTURE: Getty Images
Peter Moody, who purchased Black Caviar from Premier for $210,000 in 2008, led the buyers list on day one with five lots purchased for a total of A$500,000.
Fellow trainers Anthony Cummings, David Hayes, Jason Warren and Robbie Griffiths also purchased three or more yearlings each.
Hong Kong, New Zealand and Singapore buyers were alsoactive as were numerous individuals from South Africa including Mike de Kock who purchased an Encosta de Lago colt from Tyreel Stud for leading South African owner Marcus Jooste.
"We've accumulated a vast local, interstate and international buying bench for the sale and it great to see our vendors being rewarded for bringing quality yearlings to the sale", said Inglis Melbourne Director Peter Heagney.
"Melbourne Premier has a proven record of producing world class racehorses that perform to the highest levels all over the globe and as we saw again today athletic yearlings are highly sought after.
"Defying the trend of recent sales it is very satisfying to see the average and median up on last year's figures, especially with the knowledge that there are plenty of attractive horses still to be offered in the coming three days."
Demi O'Byrne was in action, going to A$100,000for a son of Duke Of Marmalade, while Suffolk-based agency Badgers Bloodstock signed for a A$55,000 Lonhro colt alongside with PG Racing.