(Edited William Inglis & Son press release)
A competitive buying bench helped the select weanlings sold during William Inglis & Son’s Australian weanling and breeding stock sale gross Aust$7.026 million ($6,107,650 in U.S. funds), doubling the $3.5 million grossed in 2009.
A highlight of the select weanling portion of the sale, which ended June 25 in Australia, was the 86% clearance rate. The 238 weanlings that sold averaged Aust$29,521 ($25,649), a 38% increase from last year.
The top price June 25 and for the weanling portion of the auction was Aust$230,000 ($199,837), which was brought by a Fastnet Rock colt out of the stakes placed Choisir mare Love's Great. Tom Magnier purchased him from Select Bloodstock.
The strong clearance rate continued into the general session for weanlings, with 84% of the horses offered being sold. The general session gross was Aust$292,300 ($254,094). A Not A Single Doubt colt offered by Wexford Farm topped the session at Aust$44,000 ($38,249).
The overall gross for the Australian weanling and breeding stock sale sale for three days was just short of Aust$10 million ($8,692,930).
"This was the third renewal of this sale and it is now firmly entrenched in this timeslot as a premium sale for weanlings and breeding stock," said Inglis director Jonathan D'Arcy. “We extended the sale to three days due to outstanding support from vendors and it is very satisfying to see them duly rewarded.
"The New Zealand buying bench assembled here contributed greatly to the success of this sale and we wish them success with their purchases. We've had positive feedback from both buyers and vendors throughout the week which we will take on board to assist in growing this sale going forward."