The two-day Inglis Classic yearling sale, conducted in Sydney, Australia, ended Monday with its highest-ever average and median prices.
The 376 horses sold for a gross of Aus$14,303,500, an average of Aus$38,041 and median of Aus$30,000. The resuls last year were 418 sold for a gross of $14,467,455, an average of $34,611, and a median of $27,500. The overall clearance rate settled at just under 81%.
Of the horses sold, two things were obvious: The public will not tolerate shuttle stallions who can't get 2-year-old winners, and buyers will buy big, sprinter types with or without pedigree.
Europe's well-bred former superstar galloper King's Best
was crucified. He came to Australia with a huge boom, stood for $40,000, and after just one crop of racing age, buyers just didn't want to know him. Perfectly good young horses that in Europe would have fetched Aus$125,000, were being given away for Aus$8,000. Some vendors were slaughtered.
On the flip side, local stars Iglesia, Choisir and new boy Bel Esprit sold like prime real estate.
Top price was paid by Eric Bateman. He went to Aus$200,000 for a filly by Galileo (Sadler's Wells -- Urban Sea) from the mare Queen's Suite. Galileo, unlike many shuttlers, has been a real revelation with five individual winners in his first crop. He's also the only freshman sire this year to sire a stakes winner.
Other big sellers included the Danehill Dancer -- Portrait colt bought by leading trainer Lee Freedman for Aus$170,000; the Bel Esprit -- Floribunda colt bought by Lee Curtis for Aus$160,000; and the plethora of Choisir youngsters which fetched upwards of Aus$160,000.
Inglis managing director Reg Inglis was very pleased with the overall returns.
"A great result," he said, "and there has been a great crowd here over the last two-day's selling and I'd like to say a big thank you to all the vendors and buyers for supporting this sale. We look forward to the premier and Easter sales with great anticipation after this."