Gross Increases 20% at Inglis Yearling Sale

Average rises 23.7% during Sydney Classic auction in Australia.

(Edited William Inglis & Son press release)

The William Inglis & Son Sydney classic yearling sale generated upswings of 20% in gross revenue, 23.7% in average price, and 25% in median price from a year ago during its two-day run that ended Jan. 25 in Australia. The clearance rate was 83%.

"We worked hard to get buyers here and it was great to see the sale buck the (negative) trend,” Inglis managing director Mark Webster said. "In saying that, we made a conscious decision to be more selective when recruiting yearlings, and we were prepared to offer slightly fewer horses, over two days instead of three. As a result, we had good feedback from buyers about the quality and the format. Vendors did a great job meeting the market, and there was good competition for their horses which resulted in an excellent clearance rate.”

The 385 yearlings that sold grossed Aust$12,671,500 ($11,412,600 in U.S. funds) and averaged Aust$32,913 ($29,643). The median was Aust$25,000 ($22,516).

A Fastnet Rock colt, who is the second foal produced from the winning Octagonal mare Sea Folly, brought the last session’s highest price of Aust$250,000 ($225,162) and also was the most expensive horse sold during the auction.  Sea Folly is a half-sister to 1998 C. F. Orr Stakes (Aust-I) winner Special Dane (by Danehill).

Kieran Moore purchased the bay yearling from Widden Stud.