News

Riverside debuts with record Classic Sale

12th Feb 2018

It’s official – the first ever Sale at Riverside Stables has doubled as the best Classic sale in the company’s history.

Book 1 ended in stunning fashion this evening, with all key year-on-year indicators on the rise.

The sale’s average ended at $94,486, a 34% increase from last year while the median ($75,000, up 36%) and gross ($48,188,000, up 34%) were also significant risers.

The clearance rate ended at a remarkable 92%.

In a phenomenal sale:

*A total of 53 vendors enjoyed a 100% clearance rate through Book 1, led by Sledmere Stud (21 from 21).

*Leading vendor by aggregate was Newgate Farm ($2,897,500) while by average (for three or more sold) was Carramar Park ($199,375).

*Leading buyer was Darby Racing with 15 purchases for $1,367,000 while the spread of the buying bench covered the majority of Australian States to the USA, Singapore, NZ, Japan and Hong Kong.

*Leading stallion by aggregate was Newgate Farm’s Deep Field, with 29 of his progeny selling for $3,474,500 while Yarraman Park’s I Am Invincible topped the averages (for three or more sold) at $260,455.

*A total of 187 Lots sold for $100,000 or more, compared to 107 last year and 10 in 2013.

“We’re very pleased, it’s been a great sale and Inglis have put so much into the complex and they deserved to be rewarded with the quality of the buying bench that’s turned up and the quality of the horses that the vendors have bought to the sale,’’ Newgate’s Henry Field said.

“We’ve pretty much met the market on every horse, it’s been a wonderful sale.’’

To view today’s Facebook Live review of Day 3, CLICK HERE.

To view our Inglis TV story on Noogee Park’s Jilly Henderson, CLICK HERE.

Inglis Managing Director Mark Webster was stunned by the overall results.

“As far as I’m aware there has never been a select yearling sale anywhere in the world that has enjoyed a clearance rate as high as 92% before, so to our loyal vendors and all of our buyers, I thank you,’’ Webster said.

“The statistics are a testament to the quality of horse that has been presented over the past three days.

“It’s a new era at Riverside Stables and it’s a new era for the Classic sale. The great thing about it is the improvement in quality over the past few years has made this a sale of international quality yet Book 2 is still very accessible for those who haven’t been able to get on the board yet or whose budgets are not as strong as others.’’

Today’s top Lot was a Spirit Of Boom x Our Dreaming colt (Lot 569), purchased by Blue Sky Bloodstock from the Gleeson Thoroughbred Connections draft for $410,000.

“We just feel very lucky to turn up with a colt that was a ripping type by the sire of the moment and we’ve been rewarded,’’ Jacob Gleeson said.

Day 4 of the 2018 Classic Yearling Sale begins at 11am tomorrow (Tuesday) where 200 Lots will sold as Book 2.

It will again be broadcast live on the Inglis website with access to live online bidding.

To view the catalogue, CLICK HERE.

To enquire about a Passed In Lot, contact James Mitchell on 0438 274 198.

Getracing.com.au will be utilised by many syndicators to promote their Classic Sale purchases in coming weeks.

As Australia’s No.1 site for buying racehorse shares, getracing.com.au could provide you with the pathway to Australia’s next champion racehorse, so be sure to visit the site in coming days and weeks.

2018 INGLIS CLASSIC YEARLING SALE BOOK 1 STATISTICS (2017 in brackets)

Lots sold: 510 (505)

Clearance Rate: 92% (90%)

Average Price: $94,486 ($71,342)

Median Price: $75,000 ($55,000)

Top Price: $480,000 ($400,000)

Gross: $48,188,000 ($36,025,500)