News

Outstanding 95.2% Clearance in Melbourne

12th Dec 2008

The strong demand for tried horses continued at today’s Inglis December Thoroughbred Sale at Oaklands, which closed with a clearance rate of better than 95%.

Just eight horses failed to sell today and it’s likely that figure will be reduced further, with a number of offers already coming in via the Inglis Make an Offer service.

Another feature today was that 32 per cent of the lots offered attracted an on-line bid.

“This sale really defied predictions and showed no indication of the recession we have been fearing at this level,” Inglis Director Peter Heagney said.

“There was good competition for most horses and one of the really pleasing aspects of today’s sale was the number of new people attending the sale, which was very encouraging.”

Queensland’s Heinrich Bloodstock secured the day’s top priced lot, the unraced Galileo mare Madame Grange, with a Bel Esprit colt foal at foot for $110,000.

The mare was also sold with a positive test to Swettenham Stud’s young Sunday Silence stallion Keep The Faith.

Offered by Sutton Grange Stud Pty Ltd, Madame Grange is from the Group 3 winning Kenmare mare Simply Believe, which also produced Group 2 winner Faith Hill, the dam of Lonhro’s dual stakes winning filly Black Minx – an entrant at Eagle Farm tomorrow.

The day’s second highest price was for talented Danehill Dancer four-year-old Kariba Kariba, who was knocked down for $46,000 to William Inglis as agent.

In all, 160 lots sold today for a gross of $746,100.