Prices Rise for Select Weanlings at Inglis

Average increases 54% June 27 at the Australian auction.

The average price increased 54% from a year ago and the median price rose 62.5% during the select weanling portion of the William Inglis & Son Australian weanling and bloodstock sale June 27 in Sydney. In addition, the gross revenue advanced 11.6%.

“Vendors that brought quality offerings to today’s sale were well-rewarded by the strong local and international buying bench assembled,” said Inglis bloodstock director Jonathan D’Arcy.

The results included a gross of Aust$3,774,750 ($3,788,380 in U.S. funds) for the 155 weanlings that were sold. The average was Aust$24,353 ($24,441) and the median was Aust$13,000 ($13,047). The clearance rate was 80.3%, down from 2011’s comparable figure of 87.7%.

A Fastnet Rock colt commanded the top price of Aust$270,000 ($270,975). Inglis reported that “J. Stokes” of Victoria was the buyer of the weanling, which was consigned by Coolmore Stud, agent.

The bay colt is the first live foal out of Bird of Fire (by Stravinsky), who captured the Matriarch Stakes (Aust-II) and Tesio Inglis Mile (Aust-III) in 2008 and the Panasonic Queen of the South Stakes (Aust-II) in 2009.