News

Two-Year-Olds In Demand At Australian Racehorse Sale

15th Nov 2009

Highlighted by an outstanding two-year-old session, the inaugural Inglis Australian Racehorse Sale has been hailed a great success, following receipts of almost $3million at Oaklands today.

In all, 135 horses sold for a gross of $2,882,000 at a clearance rate of 94%.

The 2YO session brought a gross of $1,124,500 at an average of $41,648 and 94% clearance.

Gerry Ryan's Limerick Lane, who have enjoyed a wonderful spring carnival thanks to their outstanding multiple stakes winning filly Avenue, secured the day's top priced lot when going to $280,000 for the well related Redoute's Choice-Bella Sunday filly.

The filly is from the wonderful Easy Date family, which boasts Group 1 winners like Forensics, Rewaaya and the outstanding sire Snippets.

The day's second highest priced lot went to leading Singapore trainer Don Baertschiger, who purchased the Shamardal-Vee For Victory colt for $130,000.

The Shamardal colt was offered by Shipton Lodge, who had six horses make $50,000 or more among a very successful dispersal.

The strength of the buying bench was highlighted by the fact that buyers came from every state in Australia, in addition to New Zealand and Asia.

Technology played a huge part in the outcome of the sale, with 40% of the lots offered attracting an online bid, which followed 45,000 viewings of lots on Inglis TV prior to the sale.

"We put a lot of thought and consultation into the format and timing of this sale and then worked hard to offer a comprehensive selection service for the buyers, so it's rewarding to see the results achieved today," Inglis Managing Director Mark Webster said.

"There was excellent interest in today's catalogue as the Inglis TV viewings demonstrated, but it's fair to say given the economic climate that the outcome exceeded our expectations.

"The competition for the younger stock was astounding, as evidenced by a 94% clearance.

"The Shipton Lodge dispersal was a great success and we look forward to marketing their yearlings and mares at our 2010 sales."

Webster said today's result shows this new format has an important role to play on the annual sales calendar and expects it to continue to build in profile.

"Given the strong demand in Asia and the platform we have to build on from here, we anticipate a very good catalogue to present for next year," he said.

"The supplementary catalogue provided the sale topper and a clearance rate of 100%, which shows that with modern technology it's never too late to enter an Inglis sale."

Horses passed in during today's session are still available for sale via the Inglis Make an Offer service.

The next Inglis Sale will be the Sydney Summer Thoroughbred Sale, to be held at Newmarket on December 4.

The next sale at Oaklands is the Melbourne December Thoroughbred Sale on December 18.

STATISTICS:

CATALOGUED: 185

WITHDRAWN: 41

SOLD: 135 (94%)

PASSED IN: 9 (6%)

GROSS: $2,882,000

AVERAGE: $21,348

TOP PRICE: (Lot 160) $280,000