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
Street Cry (Ire)
Star On High (USA)
Three Bridges Thoroughbreds
Emirates Park / Sheikh Mohammed bin Khalifa Al Maktoum
Exceed and Excel (Aus)
George Moore Bloodstock
More Than Ready (USA)
Unspoken Choice (Aus)
John Warren Bloodstock / China Horse Club
Fastnet Rock (Aus)
Redoute’s Choice (Aus)
Redoute’s Choice (Aus)
Gai Waterhouse / James Harron Bloodstock
Extract from Thoroughbred Daily News