Clearance Rate 93% at Australian Sale

A High Chaparral gelding tops the auction, bringing Aust$60,000.

An unraced gelding by High Chaparraltopped the William Inglis & Son autumn Thoroughbred sale March 11 in Australia. The auction enjoyed an excellent clearance rate of 93%, with Aust$427,450 ($429,438 in U.S. funds) being traded on the 125 horses that were sold.

Of the horses sold, 23% went to online bidders, with almost half the lots sold today attracting an online bid, including the underbidder on the sale topper.

"These figures just go to show how important online bidding has become at these types of sales and it certainly helped us in achieving today's strong clearance rate," Inglis bloodstock director Jonathan D'Arcy said.

Vin Cox secured the day's top-priced lot for Aust$60,000 ($60,279). The 3-year-old Single is out of the group III-winning Nashwan mare Myself.

Gold Tea, a winner at Randwick's Kensington track in January, was knocked down for Aust$25,000 ($25,116) to Louise Dean. The daughter of No Excuse Needed is the winner of five races, with three of those victories coming since December.