Australia's Classic Yearling Sale Ends With Big Upswings
(Edited press release)William Inglis & Son's classic yearling sale broke new barriers at in Australia Monday, ending its two-day run with a 30% increase in the gross revenue to $13,512,000 ($10,320,465 in U.S. funds), up from $10,425,570 last year. The average price of $34,646 ($26,463) for the 390 horses sold was up 18% from last year's $29,285. The clearance rate was 86%.An Encosta De Lago--Money Maker colt topped the Monday session at $210,000 ($160,398). Noel Mayfield Smith purchased the colt on behalf of Bill Fisher.Reg Inglis Managing Director was justifiably delighted with the result."The outstanding success of classic yearling sale graduates in recent years attracted a huge crowd to Newmarket,, with spirited bidding on all horses, said Reg Inglis, the managing director of William Inglis & Son. "This is the best ever classic yearling sale, and we now look forward with great anticipation to the Melbourne premier and Australian Easter yearling sales."