News

New Inglis Sale Format Exceeds Expectations

6th May 2014

The new dates and format of the Inglis Australian Broodmare and Weanling Sale were due to turn heads and excellent results have clearly validated the auction’s position as Australia’s headline breeding stock sale.

“Innovation is always at the forefront of our minds at Inglis and we are very pleased that moving the broodmares from Easter and Sydney weanlings from June into one streamlined sale in May has been a winner for both vendors and buyers,” said Inglis Managing Director Mark Webster.

Buyers have spent $23,212,450 on 160 weanlings and 405 mares over the past three days in Sydney. A big plus for vendors is that their proceeds will be paid by 18 June, a great help to breeders with stallion fees due in the current financial year.

The average price of broodmares sold in the Select Session this week was $54,640, which is 23% greater than the figure recorded for the combined Select and Super Select Session at last year’s Easter Broodmare Sale. This year’s outstanding clearance rate of 84% is well up on the 75% recorded in April last year.

This year’s average Select Weanling Sale price of $34,285 is a huge 48% up on the figure recorded in June 2013. The median is up 62% to $17,000 and the clearance rate has finished at a very strong 87%.

This top priced lot at the 2014 Inglis Australian Broodmare and Weanling Sale has been recorded for a post-sale deal, with Dariana (Lot 312) being sold today by Bell View Park Stud for $800,000 after passing in through the sale ring yesterday.

Dariana, a winner of the Group 1 Queensland Derby, has been purchased in foal to Street Cry by Damon Gabbedy of Belmont Bloodstock on behalf of long term client Bob Peters. Dariana is set to visit Pierro this spring with Peter’s commenting "Pierro was all speed and class so he'll compliment her beautifully.”

Other broodmares and weanlings that passed-in over the last three days are still available for private sale via the Inglis Make-An-Offer Service.

Pictures of the sale’s top lots can be viewed on Inglis’ Facebook page InglisBloodstock

Belmont Bloodstock finished as the leading buyer at the Inglis Sale signing for 19 broodmares and three weanlings for a total spend of $2,678,000. James Harron was equally busy snapping up 16 Select Session mares for $1,481,000.

Bell View Park Stud finished as the leading vendor by average in the Select Broodmare Session having sold their four lots at an average of $377,500 thanks to Dariana ($800,000), Russeting ($390,000), Leamington ($250,000) and More Chickens ($70,000).

The leading broodmare vendor by aggregate was of course Tyreel Stud. Their Unreserved Dispersal of 22 mares netted $3,708,000 – an average of $168,545 for the high quality broodmare band.

Complete buyer, vendor, sire and sale statistics for both the Weanling and Broodmare sections of the Inglis Australian Broodmare and Weanling Sale can be viewed at www.inglis.com.au

• | 2014 Australian Broodmare (Select Session) | 2013 Easter Broodmare (Select + Super Select) | Change : ----- | ---------- | ------- : Catalogued | 444 | 500 | -11% Offered | 399 | 444 | -10% Sold | 332 (83%) | 331 (75%) | - Gross Amount | $18,280,400 | $14,720,850 | +24% Average | $55,061 | $44,474 | +24% Median | $20,000 | $18,000 | +11% Top Price | $800,000 (Lot 312) | $720,000 (Lot 127)

• | 2014 Australian Weanling (May) | 2013 Australian Weanling (June) | Change : ------ | ----------- | ---------- | -------- : Catalogued | 174 | 196 | -11% Offered | 147 | 163 | -10% Sold | 128 (87%) | 146 (90%) | - Gross Amount | $4,388,500 | $3,379,190 | +30% Average | $34,285 | $23,145 | +48% Median | $17,000 | $10,500 | +62% Top Price | $450,000 (Lot 150) | $240,000 (Lot 71) | -