News

Buyers Scramble For Breeding And Racing Stock In Melbourne

16th Aug 2013

The rising popularity of the Inglis Melbourne August Thoroughbred Sale continued again in 2013 with buyers snapping up over 300 lots on the eve of the breeding season and spring carnivals.

“City performed fillies and mares were secured by breeders throughout Australia and overseas during the past two days, which also included another strong session of race geldings and colts to all corners of the region,” said Inglis Melbourne Director Peter Heagney.

Stakes placed Danehill Dancer mare Storm Burst (pictured) topped Friday’s offerings when selling to Michael Flannery Bloodstock WA for $138,000. Group 3 winning Testa Rossa mare There’s Only One also made it to six figures, being purchased by Edinburgh Park NSW of an even $100,000.

Darley’s offerings were again well received by buyers who parted with $726,500 for the 34 racehorses offered, resulting in an average price of $21,368.

In all 189 lots were sold on the second and final day of this week’s sale at an amazing clearance rate of 96%.

Gross receipts for this year’s Melbourne August Thoroughbred Sale totalled $2,926,300, up on last year’s sale which included the Wadham Park dispersal.

Broodmares, yearlings, unbroken and racing stock that passed-in during the two day sale are available for purchase via the Inglis Make An Offer service.

Melbourne August Thoroughbred Sale

| 2013 | 2012 | Change : ----- | ------ | ----- | ----- : Lots Catalogued | 397 | 372 | +7% Offered | 328 | 320 | +3% Sold | 301 (92%) | 289 (90%) | Gross | $2,926,300 | $2,914,200 | +0.4% Average Price | $9,722 | $10,084 | -4% Median Price | $3,000 | $4,000 | -25% Top Price | $205,000 | $300,000