Inglis Broodmare Sale Opens With Increases

Gross revenue and median price rise 3.2% and 4.8%, respectively.

The William Inglis & Son Easter broodmare posted increases of 3.2% in its gross revenue and 4.8% in its median price from 2009 during its opening session April 13 in Australia. The average price declined 4.9% while the buy-back rate dropped to 14.4% from 21.1% a year ago.

“We had a number of dispersals today and that helped the clearance rate,” said Inglis managing director Mark Webster. “We appreciate the support of those vendors, in particular Toorak Park Stud, which afforded us the opportunity to offer some lovely mares today. But what the first session really highlighted is the great value on offer at the moment, and I urge buyers to take advantage of that market over the remaining three days.”

The 166 horses that sold grossed Aust$8,272,800 ($7,685,470 in U.S. funds) and averaged Aust$49,836 ($46,298). The median was Aust$22,000 ($20,438).S

Serious Speed, winner of the 2007 Schweppes Thousand Guineas (Aust-I), was the session-topper, bringing Aust$900,000 ($836,105) from Patinack Farm. A 6-year-old daughter of Royal Academy, Serious Speed is in foal to Al Maher. She was offered as part of the Toorak Park Stud dispersal.

Produced from the Kendor mare Twitter, Serious Speed also captured the 2008 Veolia Environmental Services Hobartville Stakes (Aust-II) and the 2009 Gerard Corporation R. A. Lee Stakes (Aust-III).