Sale Overview

The 2012 edition of the southern hemisphere’s premier breeding stock sale, the Inglis Australian Easter Broodmare Sale, was conducted on April 17 to 19 in 2012 with positive results and feedback received for the new format implemented by Inglis.

For the first time the prestigious sale was graded into three separate sessions, a Super Select Session on Tuesday, Select Session on Wednesday and General Session today.

Vendors strongly supported the grading system with entries, leading to a positive response from buyers, who forked out $23,167,450 (up $721,8000) on 434 lots over three days including $1,050,000 for Sharp Susan (Lot 28) and $1,025,000 for Mimi Lebrock (Lot 198).

The new look also led to a significant increase in the overall clearance rate at the Easter sale to 73%, up from 67 per cent last year.

Gerry Harvey’s Baramul Stud led the strong buyers list from the Super Select Session, purchasing nine lots for $2,322,500, followed by James Bester who bought three for $1,495,000 and SF Bloodstock who also secured three for $1,180,000.

The finishing average of $136,391 for the Super Select Session was a clear indication that the new format worked, which was further supported by comments from many leading buyers such as Adrian Hancock, Damon Gabbedy and BBA Ireland’s Adrian Nicoll.

"It's a very positive move. It was very good for buyers to have the best mares concentrated in one session,” said Hancock.

“A great idea well executed. After a long yearling sale season it certainly made life a lot easier to have the top breeding prospects offered on one day,” Gabbedy commented.

“My clients selling Mimi Lebrock for over $1million were certainly delighted and from a buyers point of view I was also delighted with the format, being able to stay on after the yearling sale to purchase three great mares on the one day,” Nicoll said.

Buyers who missed out on their number one picks on Day One then came back in spades on Day Two, leading to a strong clearance rate of 73% on the Select Session offerings.

After purchasing three lots on Day One Damon Gabbedy was the leading individual buyer on Day Two, purchasing an additional seven fillies and mares.

Apart from selling the top lot for $200,000 on Day Two Glenn Burrow’s Willow Park Stud met the market and sold their other four offerings on Wednesday, while Yarraman Park Stud sold 18 of their 19 Select Session mares at an average of $31,056.

“Vendors who read the market well were able to attract plenty of competition on their lots as buyers worked their way through their preferences from Day One through Day Two and into Day Three,” noted Inglis Managing Director Mark Webster.

The three day graded format worked well into Thursday with the General Session recording an increase across all market indicators, closing with a strong clearance rate of 80% (up from 67% last year).

Eliza Park Stud purchased the top lot from the General Session, going to $60,000 to secure stakes winning Danasinga mare Chestpeak (Lot 549). Already the producer of stakes placegetter The New Boy the bay mare was sold in foal to Dane Shadow by Bylong Park Thoroughbreds.

Online bidding was strong throughout the sale, with the 86 individual registered online bidders purchasing 54 lots after bidding on an amazing 202 offerings.