inglis australian easter yearling sale
inglis australian easter yearling sale

Lot 149 - Fastnet Rock x Perfect Persuasion colt that topped the opening day of the 2014 Inglis Australian Easter Yearling Sale

when selling to John Warren for $1,600,000 / Inglis (p)


Newmarket, Sydney, Australia

8-10 April 2014

After a somewhat spotty beginning to Tuesday’s opening session of the Inglis Australian Easter Yearling Sale in Sydney yesterday, the action kicked into high gear later in the session when a pair of yearlings headed the day, bringing A$1.6 million and A$1.5 million. While yesterday’s action failed to achieve the heights of 2013 when a pair of youngsters brought A$4 million and A$5 million, respectively, the day did produce the kind of fireworks that has come to be expected at the Newmarket complex in April. Sales officials freely admitted that this year’s auction lacked some of the firepower of last year’s version, and, not surprisingly, yesterday’s initial session observed across-the-board decreases in gross (down 10% to A$34,815,000) and average (decreasing 8% to A$280,766. The median remained steady at A$200,000 while the clearance rate was slightly better than last year’s opener. Additionally, the number of yearlings exceeding the A$1-million mark fell from nine 12 months ago to four this season.

“I am happy with the results today in a sense that the average is quite strong, particularly when we take out the A$5 million lot from last year,” said Inglis Managing Director Mark Webster. “The average at the end of Day 1 last year was A$305,000, and if you take him out of the equation, we are still up at A$280,000, so it is quite good and up on four or five years ago. Clearly, it is still a selective market and the clearance rate at 74% is just fair, and I would like to see that improve. Having said that, at the end of Day 1 last year, it was 73%, so it is marginally ahead of last year. I have no doubt that will improve as we sell horses privately and we have a real chance of getting to 80% at the end of the sale.”

Playing the role of both buyer and consignor Tuesday, Coolmore’s Tom Magnier said, “The sale took a little time to get going, but there are some lovely types and all the right people are here, so I’d say it’s going to be a good week.”

Extract from Thoroughbred Daily News