Record Demand At The Inglis Melbourne Premier Sale

Record demand for yearlings continued on Day Three of the 2014 Inglis Melbourne Premier Yearling Sale with the Session One average price rising for the fifth consecutive year. 

“The last time this sale averaged in the $80,000s was when Black Caviar, Starspangledbanner and Reward For Effort went through the ring. It would certainly be great for this week’s buyers to be rewarded with such outstanding racetrack success as those sold that year. It’s a credit to our vendors that have contributed to increased clearance rate, average and median,” said Inglis Melbourne Bloodstock Director Peter Heagney.

441 yearlings have been sold at an average of $84,115, a 10% increase from 2013. The clearance rate is also well up on last year’s figure to a strong 81%.

The $70,000 median is an all-time record for the Melbourne Premier Yearling Sale.

Video wrap up of Day Three of the Inglis Melbourne Premier Yearling Sale can be viewed on Inglis TV HERE

62 lots have been sold for $150,000 or more in Session One, a significant increase from 44 last year.

Dean Hawthorne pushed his way to the top of the buyers list by securing three lots today including Lot 554, a well related filly by Magnus out of Silverbeat, for $240,000 from Yallambee Stud. Hawthorne finished Session One with nine yearlings for $1,198,000.

David Hayes’ Lindsay Park Racing has been very active at the sale buying 10 yearlings for $1,150,000. Other trainers to secure five or more yearlings so far include Mick Price, Michael Moroney, Clinton McDonald, Robbie Griffiths, Simon Miller, Peter Moody, Tony McEvoy and Leon Macdonald.

Australian’s have had plenty of competition from active international buyers from South Africa, Ireland, United Kingdom, New Zealand, Malaysia, Singapore, Macau, Korea, China, Hong Kong and Japan at the sale.

Northern Meteor has topped the sires list with five of his yearlings selling at an average of $198,000. Other leading sires by average were Fastnet Rock (7 at $185,000), Magnus (3 at $176,667), Exceed And Excel (7 at $172,143) and Lonhro (9 at 138,889).

Equiano has led the first season sires with 15 of his yearlings selling at an amazing average of $105,200. Yearlings by Beneteau, Shocking, Star Witness, Hinchinbrook, Stryker, Lope de Vega and Reward For Effort also averaged more than $75,000.

Photos of the top lots from Session One can be viewed on Inglis’ Facebook page InglisBloodstock

Eliza Park International has jumped to the top of the leading vendors list at the sale having sold 32 yearlings for $2,887,500. Yallambee Stud averaged $118,684 for their 19 yearlings sold giving them an aggregate of $2,255,000.

Woodside Park Stud have had a tremendous sale selling all six lots offered at an average of $202,500. Blue Gum Farm, Coolmore Stud and Gilgai Farm sold all 44 lots the trio offered between them, a remarkable selling effort.

Complete vendor, buyer and sire statistics for the sale can be viewed at www.inglis.com.au

Horses passed in during Session One are available for sale via the Inglis Make-An-Offer Service.

The fourth and final day of the Inglis Melbourne Premier Yearling Sale starts at 10:30am tomorrow. 158 lots have been catalogued to be offered in Session Two.

Inglis Sale Day Live and Online Bidding will again be available for buyers not able to make it to Oaklands tomorrow, Wednesday 5 March 2014.