Figures on the Rise at Classic
23rd Jan 2011
The 2011 Inglis Sydney Classic Yearling Sale began on a buoyant note today, with the first session average up by more than 5 per cent on figures from 12 months ago.
More than $3.6million was traded on the 104 yearlings sold today, with a trio of colts sharing top honours for the session.
The session averaged $34,692 at a median of $30,000, with the clearance rate going beyond 78 per cent and expected to rise higher as sales continue to filter through on horses originally passed in through the ring.
“The sale figures are slightly ahead of last year’s sale at the same stage which is a positive sign,” Inglis Bloodstock Director Jonathan D’Arcy said.
“The strong median and clearance rate means vendors are meeting the market and are being rewarded for well presented yearlings.”
Early in the session, the Golden Slipper winning combination of Matthew Ellerton and Simon Zahra went to $95,000 to secure a colt from the draft of Cinque Cavalli. The colt is by Stratum – who delivered the training partnership last year’s Slipper with Crystal Lily – from the Mossman mare Jargon.
Soon after, Denise Martin’s Star Thoroughbreds paid the same amount for Riverslea Farm’s Snitzel colt from the Woodman mare Keela.
An Encosta De Lago colt from the draft of Lomar Park Stud then joined the top sellers later in the day when secured by Tom Magnier. The colt is the first foal from the Listed winning Arena mare My Lady’s Chamber, a three-quarter-sister to Group 1 Coolmore Classic winner Regal Cheer.
The highest priced filly of the session was by Flying Spur from Luscilla, a half-sister to the top class gallopers Falkirk and Mulan Princess.
Paul Moroney Bloodstock, which previously purchased Blue Diamond winner True Jewels from this sale for just $28,000, led the way among today’s buyers, securing six lots for $204,000.
Southern Cross Breeders led the way among vendors today with each of the five yearlings they offered selling for a gross of $243,000.
“We have 425 yearlings still to offer over the next two days and the large number of buyers still looking to purchase have plenty of quality youngsters to choose from,” D’Arcy said.
Horses passed in during today’s session are still available for sale via the Inglis Make an Offer service.