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Sydney Classic Sale  down by 18 per cent

THE Sydney Classic Sale concluded at Newmarket in Sydney on Monday with 392 horses sold for A$10,410,500 (£4,693,000 / €5,361,000)  at an average of A$26,557 (£11,972 / €13,697). The clearance rate was 73 per cent.

The figures represent a fall of 17 per cent in average and 18 per cent in aggregate compared to 2008.

"Given what we have seen unfold in the northern hemisphere and the first of the Australasian sales this year, keeping the falls to those levels was a reasonable result," said Inglis managing director Mark Webster.

"After a number of years where vendors enjoyed outstanding results, this year is shaping up very much in favour of the buyers and given the success of Classic graduates on the racetrack, I suspect there has been some exceptional value secured here at Newmarket over the past three days."

The top-priced lot on the last day was a Magic Albert colt who fetched A$100,000 (£45,000 / €51,509).

Patinack Farm, which bought another five yearlings during the final session,bringing its total purchases to 16 yearlings bought for A$888,500 (£400, 260 / €457,000) was the sale's leading purchaser.

Leading consignor by aggregate was Widden Stud which sold 26 yearlings (from 32 offered) for A$977,500 (£440,300 / €503,160).

"This sale traditionally produces racehorses and has a very good strike rate. With that in mind, we decided to support the sale, do our study and have a good look at what was here," said Patinack Farm's Rick Connolly.

The next Inglis Sale is the Melbourne Premier which runs at Oaklands from March 1-4. TheAustralian Easter Yearling Sale will be held at Newmarket from April 5-7 and both catalogues are now online.





Galileo £10,647,143
Dark Angel £3,007,182
Dubawi £2,934,398
Kodiac £2,219,020
Acclamation £2,084,861
Frankel £1,958,449
Nathaniel £1,874,732
Sea The Stars £1,866,794
Iffraaj £1,748,970
Invincible Spirit £1,692,034