inglis easter yearling sale day 2 street cry
inglis easter yearling sale day 2 street cry

Lot 224 Street Cry - Star On High topped Inglis Australian Easter Yearling Sale day two when selling for AUS$1,500,000 / Inglis (p)

INGLIS AUSTRALIAN EASTER YEARLING SALE

Newmarket, Sydney, Australia

8-10 April 2014

After days of rainy and dank weather in the Sydney area, the clearing skies offered the faithful at the Inglis Australian Easter Yearling Sale some respite from the elements. However, the climate in the sale’s arena appeared a little milder than the previous day. At the end of Day 2, two yearlings broke through the seven figure mark, while four surpassed the mark during Tuesday’s initial session.

Session-two turnover was A$28,755,000 for 122 sold (77% clearance rate) Wednesday, while the average declined to A$241,181, a precipitous fall from the session average of $A314,781 in 2013, though that was boosted by the sale of a A$4-million horse. Overall gross for the first two sessions closed at A$68,115,000, while the average stood at A$256,071.

Despite yesterday’s falling figures, officials remained upbeat about the results, largely given the absence of breakout from the 2013 renewal of the sale.

“In terms of the sale where it is sitting at the moment, I am pleased with the 80% clearance rate as a running tally, and the running tally of the average is also pleasing,” said Inglis Managing Director Mark Webster. “The end results are going to look quite respectable, and we will get there and have quite decent results.”

From the other side of the fence of buyer and seller, Arrowfield’s Jon Freyer felt the trade was fair, despite the deceptively negative figures. “I think the horses made their money, quite honestly,” he said. “Last year was skewed because of those two high-priced horses. Tuesday was slightly better on the first day on pedigrees and individuals, but that was just a chance. I think when you revisit the values post sale, people will say there was value. Speaking to buyers today, it was hard to buy today. So, I don’t think it was as bad as it looked.”

The highest-priced yearling during Wednesday’s round of bidding was Lot 224, a colt by Street Cry (Ire) out of the unraced mare Star On High (Fusaichi Pegasus). Emirates Park and Sheikh Mohammed bin Khalifa Al Maktoum joined forces to secure the bay for A$1.5-million from the Three Bridges Consignment.

Inglis Australian Easter Yearling Sale

Wednesday 9 April 2014

Top Lots

Lot

Sex

Sire

Dam

Vendor

Purchaser

Price AUS$

224

C

Street Cry (Ire)

Star On High (USA)

Three Bridges Thoroughbreds

Emirates Park / Sheikh Mohammed bin Khalifa Al Maktoum

1,500,000

307

C

Exceed and Excel (Aus)

Allegra (Aus)

Kia-Ora Stud

George Moore Bloodstock

1,000,000

266

C

More Than Ready (USA)

Unspoken Choice (Aus)

Vinery Stud

John Warren Bloodstock / China Horse Club

800,000

194

F

Fastnet Rock (Aus)

Scattered (Aus)

Highgrove Stud

Spendthrift Farm

650,000

274

F

Redoute’s Choice (Aus)

Vormista (Aus)

Kitchwin Hills

Shadwell Australasia

600,000

282

C

Redoute’s Choice (Aus)

Wiener (Aus)

Kitchwin Hills

Gai Waterhouse / James Harron Bloodstock

600,000

Extract from Thoroughbred Daily News

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