Improved Demand Boosts Sales at Inglis

Paced by a Holy Roman Emperor colt bought for the top price of $110,000 (US$112,610), the second session of the Inglis Melbourne premier yearling sale closed March 6 with increases in two primary economic indicators.

Total sales were up 12.6% from last year's comparable session with 118 of 163 horses offered selling for an aggregate $3,341,045 (US$3,419,448). The clearance rated improved from 68% in 2012 to 72%.

Average price and median were unchanged from last year at $28,314 (US$28,978) and $22,000 ($22,516), respectively.

"The gross and clearance rate are up with the average and median comparable to last year, which is all pleasing results," Inglis Melbourne Director Peter Heagney said "Again it was a selective market today, but it was good to see 20 lots sell for $50,000 or more, which is up from 15 recorded last year,."

The session-topping colt by Coolmore's Irish-based Holy Roman Emperor was bought by John Foote Bloodstock on behalf of Hong Kong trainer David Hall, who was inspecting horses earlier in the week at the Oaklands sales complex.

Consigned by Eliza Park Stud, agent, the bay colt is the ninth foal out of the Marauding mare Exact, who has produced three winners from five to race, including stakes-placed Spurcific. The family includes multiple Australian group I winner Mnemosyne.

For complete sales results, visit www.inglis.com.au

 

Most Popular Stories