Despite the sale average being up to $127,366 and the Median remaining at $100,000 with an excellent clearance rate of 84%, DYNAMIC SYNDICATIONS did not chase the market upwards and being patient and diligent have walked away with 5 cracking lots to start 2012.
- Day 1 = 0
- Day 2 = 2
- Day 3 = 3
Of the 5 lots we have obtained, each has been outstanding buying based upon the sale average and the sire average after 3 sessions.
Each of the 5 yearlings has been purchased at a price below the sire average.
We have spent to date a total of $462,500 with an average price of $92,500 against a sale average of $127,366 and a Median of $100,000.
However to achieve this result we have missed plenty along the way because we are not prepared to be irresponsibly chasing the market upwards.
So far with one session remaining on Saturday evening, we have bid on 39 yearlings and missed out on 34 such has been the heat in the market.
Our Purchases:
- Lot 196 ENCOSTA DE LAGO / PETTA GAYE Bay Colt 29/8/10 Price $125,000 + GST average price $158,200
- Lot 349 NOT A SINGLE DOUBT / SUTTON REVIEW Price $65,000 + GST average price $93,333
- Lot 404 NORTHERN METEOR / VILLA VALENCIA Price $77,500 + GST average price $111,750
- Lot 464 MAGIC ALBERT / BADINOVA'S BABE Price $95,000 + GST average price $109,000
- Lot 537 NORTHERN METEOR / COMEDY CLUB Price $100,000 + GST average price $111,750
With one session remaining on Saturday evening, Dynamic are hopeful to be able to add an extra yearling to the tally before the close of the main section catalogue however we are delighted with our work to date and will not chase.
Stay tuned!