A son of Fastnet Rock topped the opening day of the William Inglis & Son Easter yearling sale April 10 in Australia. James Bester Bloodstock and Demi O’Byrne Bloodstock purchased the colt for Aust$1 million ($1,029,490 in U.S. funds) from Henry Field’s Newgate Farm.
The bay yearling is out of the New Zealand-bred Tale of the Cat mare Catreign, who captured the 2004 Toy Show Handicap in Australia. Robert and Barbara McClure of Morning Rise Stud bred the colt in Australia.
The results for the first session included a gross of Aust$27,426,000 ($28,234,800) for the 129 horses that were sold. The average price was Aust$212,605 ($218,875) and the median price was Aust$160,000 ($185,308). Compared to last year, when 137 yearlings were sold, the gross and average declined 16.8% and 11.7%, respectively. The median was down 11.1%.
The clearance rate fell to 73.7% from 81.5% in 2011.
The Bester/O’Byrne team was the biggest spender, paying Aust$2,585,000 ($2,661,230) for five horses.
“Clients from New Zealand, Ireland, the United Kingdom, South Africa, Hong King, Singapore, Macau, Japan, and all over Australia feature on the buyers list, making the best of this opportunity to buy into the best bred and conformed yearlings that Australia and New Zealand have to offer at Easter,” said Inglis managing director Mark Webster.