Market Strong at Melbourne Premier Opener

News

1st Mar 2010

The 2010 Melbourne Premier Sale commenced strongly today, with the opening day’s trade up $2million on the corresponding session from 12 months ago.

More than $9million was traded during today’s session, with the average of $71,488 representing a 30% rise on the opening session last year. The median of $60,000 was a 33% gain on 2009.

Victorian based buyers found themselves competing with a strong contingent of interstate investors, with the buying bench bolstered further by representatives from Japan, New Zealand, Hong Kong, Singapore and South Africa, who were successful on some of the day’s higher priced lots.

Mick Price teamed with Blue Sky Thoroughbreds to secure the day’s top priced yearling (pictured), a grey Exceed And Excel colt for $300,000. Offered by Three Bridges Thoroughbreds, the colt is the first foal from G2 VRC Sires Produce winner De Lago Mist from the family of Wanted and Blue Sky’s impressive G3 winning two-year-old Shrapnel.

McDonald Racing went to $200,000 to purchase Burnewang North Pastoral’s Stratum filly from Spinning World’s Group 2 Edward Manifold Stakes winning daughter Coupe.

“The day one clearance of 74.12% has been comparable to the sales conducted so far this year,” said Inglis Bloodstock Director Peter Heagney.

“The rise in average is exceptional but there is still a lot of selling ahead of us.”

Top buyers on the opening day were Denise Martin with 5 lots at $585,000, Guy Mulcaster Bloodstock (3 lots for $330,000); Robbie Griffiths (5 lots for $350,000) and Ricky Yiu (3 lots for $330,000).

The Sale continues from 11am tomorrow and will be broadcast on Inglis Sale Day Live with Online Bidding in operation throughout the day.

Buyers are reminded that video footage and photos of yearlings are available HERE

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

Day 1, Session 1 Statistics

Catalogued: 185

Withdrawn: 15

Sold: 126 (74%)

Passed In 44 (26%)

Gross Amount: $9,007,500

Highest Lot: (Lot 86) $300,000

Average: $71,488

Median: $60,000