William Inglis & Son's Easter yearling sale, which ended Thursday in Australia, generated a series of all-time highs during its three-session run. The gross was Aust$148,215,000 (U.S. $122,485,000) for 445 horses sold, and the clearance rate was 81.1%. The median price reached Aust$200,000, up 11.1% from a year ago. The average price increased 15% to Aust$332,545.
A record total of 23 yearlings sold for seven-figure sums, 14 of those in Thursday’s session alone.
Sheikh Mohammed's bloodstock manager, John Ferguson, who had been vigorous in his inspection of all the quality horses prior to the start of the sale and who as yet hadn’t really flexed his boss’ muscles, finally did so on day three.
He ended his spree buying six, Aust$1 million-plus purchases, including two Aust$2,100,000 ($1,733,000) buys in the space of several hips (466 and 470), after having earlier in the day gone to Aust$2 million for Hip 412. All three are by Redoute’s Choice. Ferguson described the Arrowfield-based son of Danehill as “simply world class.” By the final hammer fall, Ferguson had signed for 14 horses for a gross of Aust$14,290,000 and an average of Aust$1,020,714.
Commenting on his Redoute’s ‘choices’, Ferguson said that they were all very athletic with wonderful pedigrees and “ticked all the right boxes”. He added that Darley Australia is “committed to the future of the Thoroughbred industry in this country and would continue to purchase such outstanding breeding prospects from an internationally ranked catalogue.”
Woodlands Stud whose 25 purchases grossed Aus$15,485,000 over the three days, finished with an Aust$2.2 million ($1,864,000) outlay for hip 564, the Encosta de Lago filly from the beautifully related Danehill mare Twyla.
"I’m blown away, just over the moon with the record figures attained by this sale,” said Inglis acting managing director Jamie Inglis. “To achieve such a huge result is marvelous for our vendors, and for Australian breeding too. The vendors have to be congratulated for presenting their yearlings in such great order. I’ve lost count of the number of leading buyers who have told me that the athletes on offer at Easter have been second to none, and the statistics obviously reflect that assessment."
“The number of million dollar plus yearlings sold puts Easter on a relative scale to any sale in the world," Inglis continued. "However, the most pleasing aspect is the diversity of the buying bench with solid competition from the United Kingdom, USA, Ireland, Europe, United Arab Emirates, New Zealand, Japan, and Hong Kong. It’s indicative of the esteem in which the Australian thoroughbred is held and will have long-term ramifications for our breeding industry."
Jamie Inglis will know within a month if he is to retain the top position at the firm.
The Australian Inglis weanling auction will be held April 15, followed by five days of broodmare sales.