Gross, Average Rise at Melbourne Sale

The median increases 4.3% during the auction's three-day session one portion.

The three-day session one portion of the William Inglis & Son Melbourne premier yearling sale ended Feb. 29 in Australia with an increase of 4.3% in the median price from a year ago. The gross rose 1.8% while the average price grew 2.3%.

“Like the graduates that have been purchased here such as Black Caviar, Sacred Kingdom, Starspangledbanner, Pinker Pinker, Weekend Hussler, and Igugu, the Melbourne Premier sale keeps improving year after year,” said Inglis Melbourne director Peter Heagney. “I would like to thank all our vendors for preparing such quality athletic yearlings for this year’s sale, which has resulted in a very strong clearance rate and confirmation that Melbourne Premier is one of the best yearling sales in the Southern Hemisphere."

The final results included a gross of Aust$31,289,500 ($33,675,300 in U.S. funds) for the 427 horses that were sold. The average was Aust$73,278 ($78,865) and the median was Aust$60,000 ($64,575).

The clearance rate was 79.4%, down from 83.6% in 2011, when 429 yearlings were sold.

A son of Encosta de Lago commanded the third day’s highest price of Aust$345,000 ($371,306). Victoria trainer Dean Binaisse purchased the chestnut colt from Kornong Stud Farm.

Produced from the winning Zeditave mare Courtroom Sweetie, the yearling is a full brother to Hong Kong’s 2010 Horse of the Year and four-time champion sprinter Sacred Kingdom, who also is a group I winner in Singapore.

The results on the third day included a gross of Aust$9,342,500 ($10,054,900) for the 128 horses that were sold. The average was Aust$72,988 ($78,553) and the median was Aust$60,000 ($64,575). The clearance rate was 71.9%.