Fastnet Rock Yearling Tops Inglis Sale Finale
by Blood-Horse Staff
Date Posted: 6/29/2012 10:46:28 AM
Last Updated: 6/25/2013 1:09:11 PM

A Fastnet Rock colt commanded the highest price of Aust$100,000 ($100,690 in U.S. funds) on the third and final day of William Inglis & Son’s Australian weanling and bloodstock sale June 29 in Sydney. David Hayes Racing purchased the bay yearling from Fairhill Farm.

The colt is the second foal out of the winning Holy Bull mare Mis Excitabull. She is a half sister to Taletobetold (by Tale of the Cat  ), who captured the 2007 Open Mind Stakes at Churchill Downs and two other added-money events.

The 62 horses that were sold during the general broodmare session on the auction’s final day grossed Aust$157,450 ($158,536). The average price was Aust$2,450 ($2,558) and the median price was Aust$500 ($503). The clearance rate was 87.3%.

During the session for stallions, yearlings, and racehorses, 127 horses were sold for a gross of Aust$819,600 ($825,255). The average was Aust$6,454 ($6,499) and the median was Aust$2,500 ($2,517). The clearance rate was 80.9%.

Inglis reported that the gross for the entire sale was Aust$6,476,400 ($6,521,090), which was up 12% from a year ago.

“Eighty-five percent of all stock offered in Sydney this week was sold, a great result,” said Inglis managing director Mark Webster. “I have no doubt that given the depth of the buying bench assembled for the weanlings, if we had more quality lots entered, they also would have found very suitable new homes. Over 80 individual buyers from all states of Australia, as well as New Zealand, Singapore, Macau, and Hong Kong featured during the select session weanlings, a clear indication that the market for quality weanlings in Australia is far more than just pinhookers.”

According to Inglis, private sales raised the clearance rate to 84% from 80.3% originally for the select weanling session. The average price was Aust$23,931 ($24,096).
 



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