News

Ready2Race Sale to again align with The Everest

19th Dec 2018

Following in-depth discussions with vendors, buyers and Racing NSW, the Inglis Ready2Race Sale will remain aligned with The Everest in 2019.

The 2019 sale will be held at Riverside Stables on Tuesday October 22, three days after the running of the $14million The Everest at Randwick, the third running of the world’s richest turf race.

The 2018 version of the Ready2Race sale - the first time it had been aligned with The Everest - proved a success, ending as the highest averaging 2YO sale in Australasia.

Almost all key year-on-year indicators increased with clearance rate, average price ($90,231 up 30% from last year), median price ($65,000, up 30%) and sale gross ($8,211,000, a 45% increase) enjoying significant improvements.

Eleven horses sold for $200,000 or more to a mixture of both domestic and international clients, while 29 horses sold for $100,000 or more.

The buying bench at Riverside Stables was broad with investments coming from China, Hong Kong, Macau, New Zealand, Philippines, Singapore, Thailand as well as all the major Australian States and Territories.

Inglis’ General Manager of Bloodstock Sales Sebastian Hutch said the decision to again align the 2019 Ready2Race Sale with the running of The Everest was an easy one.

“The company put a lot of time and resources into improving this year’s Ready2Race Sale for our clients and there was significant progress from previous years,’’ Hutch said.

“The Ready2Race market is still an evolutionary one in the southern hemisphere and we are intent on doing everything possible at Inglis to ensure our clients can maximise their results moving forward.

“We are encouraged by results in 2018 and have been buoyed by the enthusiasm for the concept from both vendors and purchasers.

“A key part of the decision to move the sale date was to again coincide with the running of The Everest.

“The Everest has garnered phenomenal amounts of media and general attention in only two years and we feel we have been able to leverage the impact of our Ready2Race Sale off that.

“The eyes of the world’s racing industry are on Sydney that week and it’s something we would love to continue to be involved with moving forward. Our clients like the timing of the sale in that week of October and we believe it serves everybody’s interests well.’’