Melbourne Autumn Sale Ends Two-Day Run

The gross for the Session 1 portion of the auction is Aust$2,843,250.

The William Inglis & Son Melbourne autumn yearling sale ended its two-day run April 18 in Australia with a gross of Aust$2,843,250 ($3,002,270) for its Session 1 portion. The average price was Aust$11,511 ($12,155) for the 247 horses that were sold. The median price was Aust$7,500 ($7,920) and the clearance rate was 81.3%.

During the auction’s Session 2 portion, the 59 yearlings that were sold grossed Aust$250,500 ($264,510) and averaged Aust$4,246 ($4,483). The median was Aust$2,500 ($2,640) and the clearance rate was 77.6%.

During the supplementary portion of the sale, 21 yearlings were sold for a gross of Aust$238,250 ($251,575). The average was Aust$11,345 ($11,980) and the median was Aust$6,000 ($6,336). The clearance rate was 84%.

“This sale made a 23% gain in average last year and to all but hold those figures is a very pleasing result for all concerned,” said Inglis director Peter Heagney. “The supplementary catalog did very well and it was satisfying to see buyers waiting until the end of the day to bid on those lots, where they sold (for) up to $52,500 ($55,436).”

The most expensive horse that was sold on the auction’s second day was a Aust$60,000 ($63,356) Falvelon -- Caterina colt. Australian Thoroughbreds purchased him from Supreme Thoroughbreds.

A Bel Esprit – Six O’Clock Rock colt, offered in the supplementary portion of the sale, brought Aust$52,500 from Mick Price. Blue Gum Farm consigned the yearling.