Oratorio: his colt topped the first day at the Inglis Classic Yearling SalePICTURE: GETTY IMAGES
Bright first day at Inglis Classic Yearling Sale
THE first day of the Inglis Classic Sale brought an average of A$33,005 (£18,336/$29,338), 24 per cent up on the sale's average last year.
A total of 183 yearlingswere sold on day one, an 80 per cent clearance rate, with a median of A$24,000 and a high of A$200,000 (£111,111/$177,777), which approached last year's sale-topping figure of A$220,000 (£122,222/$195,556).
The opening day's buoyant trading puts the sale well on course to improve upon last year's figures of a A$26,598 (£14,777/$23,643) average and a gross of A$10,559,500 (£5,866,389/$9,386,222). The 2009 sale was a three-day affair, with a shorter first day of 120 catalogued yearlings. This year the first day accumulated a gross of A$6,040,000 (£3,355,556/$5,368,889).
The top lot was an Oratorio colt out of a daughter of Desert Prince, knocked down to Bert Vieira and consigned by Golden Grove Stud. The yearling was the first foal of Pacific Dreams, a half-sister to the dam of Group 3 winner I Am Invincible and out of a sister to the high-class Mamzelle Pedrille, who produced the Group 2 Chelmsford Stakes winner O'Lonhro.
Inglis's managing director Mark Webster said: "For the market to be up 25% and clear over 80% is an excellent result. There was a great turnout of trainers and agents from all major regions of Australasia as well as buyers from Hong Kong, Singapore and Indonesia.
"It was also pleasing to see new investors to Classic, including Bert Vieira who purchased the session topper and BC3 who bought for their two-year-old sale later this year. The Classic Sale has the reputation for results and no doubt there will be some excellent buys from today's sale to add to the sales honour role."