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Inglis premier session ends with declines

AS expected, the select segment of the William Inglis and Son Melbourne Premier Yearling Sale concluded on Tuesday with declines across the board.

During the course of the three-day auction, 413 yearlings sold for a total of A$23,051,772 (£10,506,839/€11,721,677) and average of A$55,815(£25,448/€28,831), falls of 42 per cent and 33 per cent respectively.

The median checked in at A$45,000 (£20,517/€22,877) while the clearance rate reached a respectable 73 per cent - a figure which officials hope will improve as more buyers take advantage of the private online sale facility.

In addition, 60 lots broke the A$100,000 barrier.

"The results for this sale are consistent with other sales from Australia and New Zealand this year," said Mark Webster, managing director of Inglis. "All of the same buyers from previous years were here, but it's clear they have reduced budgets under the current economic conditions and nobody is immune from what is happening in the world at the moment."

He added: "The breadth of the buying bench was a feature of this sale, with buyers coming from all over Australia and internationally from major centres like Hong Kong, Singapore, Japan, New Zealand and South Africa."

Heading the leading buyer's list was Nathan Tinkler's Patinack Farm, who purchased 17 yearlings for a total of A$1.5m. Tony Santic's Makybe operation, which was responsible for the A$365,000 sale-topping Redoute's Choice colt, led the leading vendors' list with 15 yearlings sold for A$1,425,000.

Topped by a More Than Ready colt who sold for A$280,000 (£127,630/€142,348), Tuesday's final session saw 125 yearlings sell for A$7,155,000 (£3,243,169/€3,616,432), a drop of 43 per cent. The average and median both tumbled by 33 per cent to A$57,240 (£26,094/€29,094) and A$40,000 (£18,235/€20,329).

Inglis as agent signed for Tuesday's session-topping colt, who was out of the winning Last Tycoon mare Illuminar and consigned by Torryburn Stud.

Shortly afterwards, the Hong Kong Jockey Club paid A$190,000 (£86,616/€96,566) fora son of Anabaa from Woodside Park Stud. His price was matched near the end of the session by a Lonhro colt out of the Group 3 winner Pride Of The Class, who was knocked down to BC3 Thoroughbreds.

 

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