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Inglis Melbourne Sale ends with increases

THE curtain came down on the 2011 Inglis Melbourne Premier Sale on Thursday afternoon with Session 11 producing significant increases across the board.

It concluded a highly successful four days at Oaklands Junction.  The Session 11 average of A$31,917 (£19,850, €23,130) represented a 15 per cent increase from 2010 figures.  Turnover of A$3.47 million (£2.16m, €2.52m) was also up 11 per cent and it was similar story with the A$25,000 median.

Last year's 74 per cent clearance rate was also clearly bettered, with sales passing the 78 per cent mark and likely to climb further as post sale negotiations are completed.

McDonald Racing secured Thursday's highest priced lot, a bay colt by Snitzel from the Grand Lodge mare Bee And Bee offered by Woodside Park.  He was one of 22 yearlings to reach A$50,000 or more during Session 11.

"We couldn't be more pleased with the result," Inglis Director Peter Heagney said.  "Session 11 proved that you don't have to be in the Premier Sale to get a good result.  Again, as in the main sale, the good horses were able to exceed vendors' expectations.

"It was great to see many of the major buyers still in attendance and in addition to the predictably strong domestic buying bench, horses were also knocked down to South Africa, Singapore and Hong Kong today.

"To get increases in all aspects of the sale is a very satisfying achievement andresults at Oaklands this week have been comparatively better than any sale conducted in Australasia this year."

Horses passed in during the four days of the Sale are still available for sale via the Make an Offer service.

The next sale in Melbourne is the March Thoroughbred Sale on March 18, followed by the Autumn Yearling Sale on April 17 and 18.




King's Theatre £911,455
Presenting £845,161
Beneficial £702,808
Milan £659,876
Oscar £640,045
Westerner £541,350
Flemensfirth £459,709
Kayf Tara £420,404
Midnight Legend £358,793
Stowaway £354,737