Sale Overview

The curtain came down on the 2011 Melbourne Premier Sale with the sale recording significant increases across the board, concluding a highly successful four days at Oaklands.

All key indicators are up on results from 12 months ago, with this year’s Session 1 breaking through the $30million barrier for only the second time in the sale’s history, bettering the $28.8million last year and well up on the $23.3million 2009 figure.

The Session 1 average finished at $72,073, with a median of $60,000 and clearance rate of 82%. A total of 19 yearlings broke the $200,000 mark.

Session 2's average of $31,917 represented a 15% increase from 2010 figures, while the gross of $3,479,000 was also up 11%. It was a similar story with the $25,000 median and top priced lot of $150,000 bettered last year’s Session II topping price of $130,000.

“It’s always nice have an improved gross figure, but from the point of view of vendors and of greater importance in my opinion, is that the average and median are both up and I think the sale has achieved a fantastic result in this regard,” Inglis Director Peter Heagney said.

“To get increases in all aspects of the sale is a very satisfying achievement and results at Oaklands this week have been comparatively better than any sale conducted in Australasia this year.”

“This reflects very favourably on the graduates we have flying the flag for this sale – both in Australia and abroad – and the quality of horses that our vendors continue to bring to Oaklands.”