Increases Across the board in Melbourne

3rd Mar 2010

The first session of the 2010 Melbourne Premier Sale has concluded, with the increases across all market indicators highlighted by the average rising 30%.

The Second Session will begin from 11am tomorrow, with another 170 horses catalogued.

A total of 396 horses have been sold over the past three days, with the gross figure topping $28.4million. This represents a 21% increase on the figures from 12 months ago, despite 60 fewer horses being offered this year.

The average rose to $71,764, while the $55,000 median was up 22% on the 2009 figures. The clearance rate of 79%, which is expected to increase further with horses selling post sale via the Make an Offer service, also bettered the 2009 mark.

Another six horses made $200,000 or higher during today’s session, with the day’s best going to Leon McDonald, who offered $300,000 for Mill Park’s Starcraft-Tayusu Run colt.

In all, 16 yearlings fetched $200,000 or higher during the last three days.

“The record of Melbourne graduates speaks for itself and with that reputation growing all the time, there was plenty of incentive for buyers to be here at Oaklands this week to secure the stars of tomorrow,” Inglis Director Peter Heagney said.

“Vendors at this sale have continued to offer outstanding prospects and we are very pleased to see them rewarded with the results that have unfolded here over the past three days.”

Heagney pointed out that shrewd buyers still have the opportunity to secure themselves a future star from the 2010 Premier Sale.

“It is worth noting that more than a third of the stakes winners from this sale in the past two seasons sold for $50,000 or less and there are some very nice yearlings still to go through the ring tomorrow,” he said.

Tomorrow’s session will be broadcast on Inglis Sale Day Live with Online Bidding in operation throughout the day.

All lots passed in during the first session are available via the Inglis Make an Offer service.

Session 1 Statistics

Catalogued: 554

Withdrawn: 50

Sold: 396 (79%)

Passed In: 108 (21%)

Gross: $28,418,500

Average: $71,764

Median: $55,000

Top Lot: $400,000

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