(Edited William Inglis & Son press release)
The number of horses bringing seven-figure prices rose to a sale total of six as the William Inglis & Son Easter yearling auction continued for a second day in Australia April 6.
“Clearly, vendors and buyers were finding their feet with the market yesterday, but there was much more confidence around the sales ground today and the market is now where we expected it to be pre-sale,” said Inglis managing director Mark Webster. “To have a day of selling with a gross in excess of Aust$45 million and average better than Aust$270,000 in this current climate is an outstanding result and even more pleasing is to see the clearance rate steadily climbing as the sale continues.”
The 166 horses sold grossed Aust$45,287,500 (approximately $32,401,395 in U.S. funds) and averaged Aust$272,816 ($195,189). The median price was Aust$210,000 ($150,247).
The combined figures for the auction’s first two days were 267 horses sold, a gross of Aust$67,677,500 ($48,420,544), an average of Aust$253,474 ($181,351), and a median of Aust$190,000 ($135,937).
There is one more day remaining in Session I of the auction.
An Ecosta de Lago – Show Dancing colt brought Aust$1.8 million ($1,287,828) to become the most expensive yearling sold so far. Dean Watt’s Dynamic Syndications purchased him from Emirates Park Stud. Watt held off Coolmore’s Colm Santry, who was bidding on behalf of John Magnier.
“He had the wow factor,” Watt said. “He is a cracking colt with a real presence about him. He just shone .and he’s got a stallion’s pedigree.”
James Bester went to Aust$1.4 million ($1,001,644) to secure a Redoute’s Choice --Winning Belle colt, which will be trained by Gai Waterhouse.
“He was the best mover in the sale bar none,” Bester said. “He had an amazing action, huge overstep, and he extended beautifully. His mum was outstanding and I thought he was the buy of the sale.”