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New Easter Broodmare Format A Success

19th Apr 2012

New Easter Broodmare Format A Success

The 2012 edition of the southern hemisphere’s premier breeding stock sale, the 2012 Inglis Australian Easter Broodmare Sale, came to a close in Sydney on Thursday, with positive results and feedback received for the new format implemented by Inglis.

For the first time the prestigious sale was graded into three separate sessions, a Super Select Session on Tuesday, Select Session on Wednesday and General Session today.

Vendors strongly supported the grading system with entries, leading to a positive response from buyers, who forked out $23,167,450 (up $721,8000) on 434 lots over three days including $1,050,000 for Sharp Susan and $1,025,000 for Mimi Lebrock.

The new look also led to a significant increase in the overall clearance rate at the Easter sale to 73%, up from 67 per cent last year.

Gerry Harvey’s Baramul Stud led the strong buyers list from the Super Select Session, purchasing nine lots for $2,322,500, followed by James Bester who bought three for $1,495,000 and SF Bloodstock who also secured three for $1,180,000.

An additional $750,000 worth of sales have been processed privately on the Super Select Session lots that passed in on Tuesday, including that on Group Two winner Night War which has been sold to Vinery Stud for $350,000.

The finishing average of $137,259 for the Super Select Session is a clear indication that the new format works, which has been further supported by comments from many leading buyers such as Adrian Hancock, Damon Gabbedy and BBA Ireland’s Adrian Nicoll.

"It's a very positive move. It was very good for buyers to have the best mares concentrated in one session,” said Hancock.

“A great idea well executed. After a long yearling sale season it certainly made life a lot easier to have the top breeding prospects offered on one day,” Gabbedy commented.

“My clients selling Mimi Lebrock for over $1million were certainly delighted and from a buyers point of view I was also delighted with the format, being able to stay on after the yearling sale to purchase three great mares on the one day,” Nicoll said.

Buyers who missed out on their number one picks on Day One then came back in spades on Wednesday, leading to a strong clearance rate of 73% on the Select Session offerings.

After purchasing three lots on Day One Damon Gabbedy was the leading individual buyer on Day Two, purchasing an additional seven fillies and mares.

Apart from selling the top lot for $200,000 on Day Two Glenn Burrow’s Willow Park Stud met the market and sold their other four offerings on Wednesday, while Yarraman Park Stud sold 18 of their 19 Select Session mares at an average of $31,056.

“Vendors who read the market well were able to attract plenty of competition on their lots as buyers worked their way through their preferences from Day One through Day Two and into Day Three,” noted Inglis Managing Director Mark Webster.

The three day graded format worked well into Thursday with the General Session recording an increase across all market indicators, closing with a strong clearance rate of 80% (up from 67% last year).

Eliza Park Stud purchased the top lot from the General Session, going to $60,000 to secure stakes winning Danasinga mare Chestpeak. Already the producer of stakes placegetter The New Boy the bay mare was sold in foal to Dane Shadow by Bylong Park Thoroughbreds.

Kings Concubine and Always Loyal also recorded the second and third highest prices in the General Session since 2008 when sold for $51,000 and $45,000 respectively.

Online bidding was strong throughout the sale, with the 86 individual registered online bidders purchasing 54 lots after bidding on an amazing 202 offerings.

Fillies and mares passed in over the past three days are available for sale via the Inglis Make-An-Offer service.

Complete sale, buyer, vendor and sire statistics are available on the Easter Sale page HERE