INGLIS AUSTRALIAN EASTER YEARLING SALE

Newmarket, Sydney, 7-9 April 2015

Jonathan D'Arcy
It was great to see session two go so well, and the last horse through the ring being bought by the Hong Kong Jockey Club just vindicated the fact that we’ve got the sale set up the right way. We had Angus Gold, Segenhoe Stud and George Moore from Hong Kong; a lot of international buyers and a lot of local buyers concentrating on that second session, so we couldn’t be happier about the way the week’s gone.
— Jonathan D'Arcy / Inglis Director

The first 63 lots of the third and final session of the Inglis Australian Easter Yearling Sale yesterday comprised the final offerings of 'Session One' of the sale, after which the action shifted down a gear for 'Session Two.'

Trade remained strong throughout the day, however, and session one saw the popularity of Fastnet Rock fillies continue, as three daughters of Coolmore's champion sire were sold for a combined A$2.55 million during the first few hours of the sale Thursday. Daughters of another champion sire, Arrowfield's Redoute's Choice, were also popular yesterday, with a pair sold for A$920,000 and A$520,000 during session one.

Session one posted seven-year highs for gross, average and median. A total of 350 horses changed hands through the close of trade Thursday for A$102,110,000. The average of A$291,743 was up 15.4% from 12 months ago, and the median climbed 5.3% to A$200,000. Approximately 17% of the offerings failed to sell at the fall of the hammer, which nearly mirrored last year's figure of 16.5%.

Session two also posted admirable results. The gross of A$9,085,500 for 96 sold was a record for the session, which was introduced in 2009. The average dropped marginally (0.3%) to A$94,641, while the overall quality on offer was highlighted by an increased median of A$80,000 (up 14.3%). The passed-in rate for session two was 21%.

(Note: Inglis updates its statistics to include private purchases on passed-in lots for the duration of the sale. Figures used for comparison here are the figures reported end-of-sale last year by the TDN).

Inglis Director Jonathan D'Arcy pointed to the session one clearance rate as a highlight. "The average for session one is up about 15% on last year, but more pleasing than that is the fact that we're up to an 82% clearance, and we'll probably get up to 83 or 84% tonight with private purchases," he said.

Reflecting on session two, D'Arcy pointed to the fact that many of session one's top buyers stuck around through to the very last lot through the ring. "It was great to see session two go so well, and the last horse through the ring being bought by the Hong Kong Jockey Club just vindicated the fact that we've got the sale set up the right way," D'Arcy said. "We had Angus Gold, Segenhoe Stud and George Moore from Hong Kong; a lot of international buyers and a lot of local buyers concentrating on that second session, so we couldn't be happier about the way the week's gone."

One of the main talking points on the sales grounds throughout the week was the participation of international buyers, particularly from America. Many internationals also teamed up with locals and other internationals on prospects to race in Australia, creating fierce competition at the top of the market. D'Arcy said that type of teamwork was unprecedented. "In the past we've seen buyers from the likes of Hong Kong, Japan and Singapore - a lot of the Southeast Asian countries - buying here and taking them there to race," he said. "Of course we're at a disadvantage when trying to sell to Europeans and Americans because of the Northern Hemisphere/Southern Hemisphere issue, but now we have such good prize money that what we're seeing is the American farms and the American investors are wanting to buy into colts and fillies here because of the strength of their pedigrees, and they're happy to race here under our conditions with the prize money that's on offer. It's the same with the Europeans - they're buying into top-class families and they see these families can appreciate in price throughout their racing careers. It's a very healthy industry here at the moment and its great to see Australia is on the world map."

INGLIS AUSTRALIAN YEARLING SALE
Thursday's Top Lots

LOT SEX SIRE DAM PRICE (A$) INFO
437 F Fastnet Rock (AUS) Hips Don't Lie (NZ) 1,000,000 Consigned by Coolmore Stud
Purchased by Aquanita Racing Pty Ltd
409 F Redoute’s Choice (USA) Fleur De’here (NZ) 920,000 Consigned by Newgate Farm
Purchased by Shadwell Australia
461 F Fastnet Rock (AUS) Jolie’s Shinju (Jpn) 850,000 Consigned by Coolmore Stud
Purchased by Snowden Racing
424 F Fastnet Rock (AUS) Gold Anthem (USA) 700,000 Consigned by Milburn Creek
Purchased by Coolmore Australia
452 F High Chaparral (IRE) Irish Lights (AUS) 675,000 Consigned by Coolmore Stud
Purchased by Chris Waller Racing
406 C Stratum (AUS) Flamboyance (AUS) 620,000 Consigned by Highgrove Stud
Purchased by James Harron Bloodstock

INGLIS AUSTRALIAN EASTER YEARLING SALE
Session 1

Sale Totals 2015 2014
Catalogued 464 437
No. Offered 423 393
No. Sold 350 328
RNAs 73 65
% RNAs 17.3% 16.5%
No. $1M+ 10 7
High Price A$2,200,000 A$1,600,000
Gross A$102,110,000 A$82,942,500
Average (% change) A$291,743 (+15.4%) A$252,873
Median (% change) A$200,000 (+5.3%) A$190,000

INGLIS AUSTRALIAN EASTER YEARLING SALE
Session 2

Sale Totals 2015 2014
Catalogued 141 118
No. Offered 121 108
No. Sold 96 83
RNAs 25 25
% RNAs 20.7% 23%
High Price A$500,000 A$750,000
Gross A$9,085,500 A$7,878,500
Average (% change) A$94,641 (-0.3%) A$94,922
Median (% change) A$80,000 (+14.3%) A$70,000

Extracts from Thoroughbred Daily News

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