A colt by Darley stallion Teofilo sold for the highest price of $250,000 (US$255,175) on day one of the Inglis Melbourne premier yearling sale March 3 at Oaklands near Melbourne.
"It was solid start to the sale with a similar average, median, and clearance rate recorded to day one last year," Inglis managing director Mark Webster said.
Total sales on 81 of 109 horses offered showed a 42.3% drop from last year's opening session to $5,890,500 (US$6,012,433) but corresponded with the 41.5% reduction in horses cataloged for the sale's new Sunday afternoon session. On day one last year, 139 of 205 offered were sold.
Average price increased 0.9% to $72,722 ($74,227), compared with the first day in 2012, but median declined 7.7% to $60,000 ($61,242).
The clearance rate dropped to 73.3% from 77.7% on day one last year.
The session-topping Teofilo colt was bought by Victorian trainer Mick Kent. Consigned by Tyreel Stud, the Australian-bred colt is the second foal out of the winning Fastnet Rock mare San Cristobel, who is from the family of South African champion Laisserfaire and Centaine, a leading broodmare sire in New Zealand. The colt is a half brother to recent Melbourne winning 2-year-old Donna Madeira.
An undefeated juvenile who won at the top level in England and Ireland, Teofilo was Europe's champion 2-year-old of 2006. Bred on the same cross as undefeated Frankel, the son of Galileo out of Speirbhean, by Danehill, is based at Sheikh Mohammed bin Rashid al Maktoum's Darley operation at Kildangan Stud in Ireland. He has shuttled to Australia, where his first Southern Hemisphere foals are 2-year-olds of 2012/2013.
The Inglis' Melbourne premier yearling sale continues March 4 with day two of the opening session, which is the new "Blue Riband" session for yearlings whose pedigree and conformation suggests they should excel at the classic and cup distances. The sale begins at 11 a.m. local time.
For sales results, visit www.inglis.com.au