Cumulative average price at the Inglis Melbourne premier yearling sale showed an 8.6% increase compared with last year at the conclusion of the three-day first session March 5 while total sales and median remained static.
"It has still been a very selective market, which is shown in the results with the better types and progeny of the top sires selling well," Inglis managing director Mark Webster said.
With just over two dozen fewer yearlings cataloged, total sales on 408 of 535 offered were virtually unchanged from last year, reaching $32,079,912 ($32,839,980 U.S.), an average price of $78,627 ($80,490 U.S.). Median held steady at $60,000 ($61,422).
The clearance rate declined from 82% last year to 76%.
The session topper was a colt by current leading Australian sire Fastnet Rock that sold for $450,000 ($457,040 U.S.) during the new Blue Riband session March 4. The bay colt out of Australian multiple group winner Bird Of Fire, by Stravinsky, sold to Australian Thoroughbred Bloodstock/McKeever Bloodstock out of the Esker Lodge consignment.
Coolmore's Fastnet Rock was the session's leading sire by average price, three or more sold, with five yearlings selling for an average $278,000 ($284,553). Darley's European-based shuttler New Approach was second with eight horses sold for an average of $162,812 ($166,664 U.S.).
A pair of horses by Redoute's Choice and his son Not a Single Doubt sold for the highest price of $300,000 ($307,116) on day three.
New Zealand agent Tony Pike purchased Fairhill Farm's colt by Not A Single Doubt out of the winning Final Card mare Euchre, who has produced four winners from as many starters, including Singapore standout World Airlines.
Nordic Racing and Breeding bought Lauriston Thoroughbreds' colt by Redoute's Choice out of the winning Success Express mare Glimmers, who is the dam of three winners from four to race, including multiple Australian group I winner Gold Edition.
Not a Single Doubt stands the Southern Hemisphere season at John Messara's Arrowfield Stud alongside Redoute's Choice, who is in France standing the Northern Hemisphere season for the first time and recently achieved his 100th stakes winner.
A single-day second session of the Inglis Melbourne premier yearling sale begins at 11 a.m. March 6 at the Oaklands sales complex. For complete sales results, visit www.inglis.com.au