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Inglis Classic Sale opens with downturn in trade

THE first session of the three-day Inglis Classic Yearling Sale in Sydney concluded today with trade at a lower level – but not disastrously so, considering the economic conditions – than at the 2008 renewal, which was delayed until April due to the Equine Influenza outbreak.

Altogether, 83 yearlings were sold today for a total of A$2,104,500 (£956,015 / €1,092,888) at an average of A$25,355 (£11,518 / €13,167), down 12.9 per cent on the 2008 figure of A$29,121.  The median price of A$20,000 (£9,085 / €10,386) was down 16,7 per cent on last year's figure of A$24,000.

The clearance rate for the first session dropped from 85 per cent in 2008 to 78 per cent this year.

The most expensive lot sold on the opening day was a chestnut colt by Flying Spur and out out of the Lujain mare Cloudwing, who was consigned by Widden Stud and sold to Nathan Tinkler's Patinack Farm for A$80,000 (£36,342 / €41,454). On the first day of last year's renewal of this sale, the most expensive lot cost A$90,000.

 

Inglis managing director Mark Webster said he was satisfied that sales had held up well in the current economic climate.

He commented: "In percentage terms, it's ahead of other sales we've seen so far this year and buyers are very happy with the value they are getting from this sale, which continually yields results on the track."

The second session of the sale takes place at the Inglis complex in Newmarket, Sydney, tomorrow.

 

 

 

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