Average Falls 17% at Inglis Classic Sale

(Edited William Inglis & Son press release)

William Inglis & Son’s Syndney Classic yearling sale ended Feb. 10 in Australia with declines of 17% in average price and 18% in gross revenue.

"Given what we have seen unfold in the Northern Hemisphere and the first of the Australasian sales this year, keeping the falls to those levels was a reasonable result," Inglis managing director Mark Webster said."After a number of years where vendors enjoyed outstanding results, this year is shaping up very much in favor of the buyers and given the success of Classic graduates on the racetrack, I suspect there has been some exceptional value secured here at Newmarket over the past three days."

The 392 horses that sold during the three-day run grossed Aust$10,410,500 (approximately $7,015,324 in U.S. funds) and averaged Aust$26,557 ($17,896). The clearance rate was 73%.

A Magic Albert -- Sri Lanka full brother to talented Sydney performer Leiserl was the most expensive horse sold during the final session, bringining Aust$100,000 ($67,387). F. Mitchell was listed as the buyer. The colt was in the Kanangra consignment.

Patinack Farm was the biggest spender, paying Aust$888,500 ($598,733) for 16 yearlings.