The William Inglis & Son Melbourne Great Southern mixed sale generated a gross of approximately Aust$4,923,000 ($3,811,239 in U.S. funds) during its four-day run that ended May 21. Last year, when there were an additional 350 horses cataloged, the gross was approximately Aust$5.9 million ($4,567,603).
The results for the final session included a gross of Aust$1,106,300 ($856,464) for the 183 horses sold. The average price was $6,045 ($4,680), and the median price was $2,250 ($1,742). The clearance rate was 88%.
The mare Advance to Go (by Red Ransom out of Miss Minden) topped the session when selling to Optimum Thoroughbreds for Aust$150,000 ($116,126). She also was the highest-priced mare of the auction. Advance to Go was consigned by Fulmen Park, agent for Oamaru Stud.
"The clearance rate has been consistently high right throughout the sale,” said Inglis director Peter Heagney. “We had a good spread of buyers from right around Australia, and there was strong competition on the better lots. In light of the fact we had considerably fewer horses cataloged this year, the market has held up extremely well."