A RECORD Australian Weanling Sale concluded at Inglis Riverside on Thursday afternoon with
all key financial metrics setting new benchmarks for the auction.
Following two days of trade, 261 foals were sold at an average of $49,500 (up 13%) and median of $30,000 (up 25%), leading to a sale gross of $12,919,500, a 49% year-on-year increase.
A total of 34 foals sold for $100,000 or more – up from 23 last year, while 10 sold for $200,000 or more, a 100% jump on the 2021 renewal.
It ensured a strong start to the Inglis Breeding Stock Sales Series, which continues this week with the
Chairman’s Sale from 4:00pm Friday and
Australian Broodmare Sale to be conducted on Sunday.
Day 2 action mimicked Day 1’s boisterous start, ensuring the auction reached new heights yet again.
The Day 1 top lot was a Pierro x Now Now filly, which sold to Trilogy Racing for $400,000. It bettered the benchmark set an hour earlier, for a colt by first season sire Too Darn Hot ex Majesty sold to Peter O’Brien Bloodstock for $320,000.
Then the top lot on Day 2 was a Deep Field x Reginae filly of Newgate Farm, purchased for $250,000.
It ensured
Newgate ended the sale with
16 weanlings sold from as many offered, one of several vendors to enjoy a
100% clearance rate.
Fairhill Farm ended the weanling sale as leading vendor, grossing
$2,183,000 from 28 foals sold.
“It was very good, fabulous really. It takes a couple of days to sink in to be honest but we’re really proud of the results,’’ Fairhill’s Mike O’Donnell said.
Inglis Bloodstock chief executive Sebastian Hutch was thrilled with the success of the Weanling sale.
“It has been a fantastic few days, with the appetite for good weanlings being extraordinary, to the point where demand dramatically outstripped supply,’’ Hutch said.
“There are a lot of positives to come out of the sale and it continues the fantastic momentum that we have had through the yearling sales season.
“We are very much looking forward to the Chairman’s Sale Friday night, with the tone for the broodmare sales season having been set by a buoyant Arrowfield Broodmare Reduction which was conducted through Inglis Digital last week.”
The Inglis Breeding Stock Sales Series reaches its crescendo with
The Chairman’s Sale, where 100 lots are catalogued for what is one of the nights of the year at Riverside. The Chairman’s Sale begins at 4.30pm.
Among the catalogue are
53 fillies or mares that are black type performers or producers,
24 mares that are totally free of Danehill blood, as well as an abundance of high-class race fillies and mares such as
Shout The Bar, Daysee Doom, Ellicazoom, Ms Catherine, Madam Legend, Yes Baby Yes, Vanna Girl, See You In Spring, Night Raid, Crack The Code, Only Words, Queen Of Dubai, Petition, Sheezdashing, Imposing Lass, Flying Ice, Semari etc.
There is also a rare and unique offering from arguably the world’s leading breeding establishment
Juddmonte, who will offer three outstanding prospects, plus mares carrying pregnancies to highly sought-after stallions including
I Am Invincible, Snitzel, Exceed And Excel, Written Tycoon, Fastnet Rock, Zoustar, Pierro, Shamus Award, Street Boss, So You Think, Extreme Choice, Capitalist, Deep Field, Wootton Bassett, Farnan, Bivouac etc and leading international sires such as
Frankel, Kingman, Medaglia d’Oro, Lope de Vega, Mehmas etc.
The action then concludes on Sunday with the
Australian Broodmare Sale, for which
189 mares have been catalogued.
The Australian Broodmare Sale remains a hugely significant breeding stock sale in the context of the Australasian Bloodstock Industry, with dams of Gr1 winners such as Tofane, Shelby Sixtysix, Montefilia, Private Eye, Stay Inside, Funstar, Youngstar etc have been sourced at the sale in recent years.
The catalogue features mares in foal to some of Australasia’s most desirable stallions including
Russian Revolution, So You Think, Capitalist, Pierro, Deep Field, Toronado, Street Boss, Maurice, Spirit Of Boom, Shalaa and many others, as well as first pregnancies for a host of exciting new stallions like (alphabetical):
Anders, Bivouac, Doubtland, Farnan, Graff, Hanseatic, King’s Legacy, Lucky Vega, North Pacific, Ole Kirk and Prague.
The strength in the thoroughbred market across all sectors is amazing and driving prices upwards.
It’s getting more difficult sale by sale to obtain high quality bloodstock for the right value.
This breeding stock sale is a precursor for the 2023 yearling sales that will see demand for quality outstrip supply placing further upward pressures on prices.
With record prizemoney being the catalyst, there is incredible strength to the market and now will represent a better buying time than next year to gain access to high quality racing prospects before they price themselves out of reach for many.