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Figures up on last year's first day
At the close of trade on the first day of the Inglis Premier Yearling Sale, the auction house reported that 168 yearlings had sold for an aggregate of $23,270,000.
With the change of format and the sale being cut back to three days it is hard to compare year on year stats, but the average was record as $138,500 a ten per cent rise on last year’s first day, which finished with $125,511, while the median was up 20 per cent at $120,000. However, the clearance rate was down 2 per cent at 75 per cent.
Sebastian Hutch, general manager of bloodstock sales and marketing, said he was pleased with the day’s trade, but admitted there were improvements to be made ahead of the last two days.
“Inevitably you approach any sale day with a degree of apprehension, a lot of work goes into it, vendors invest a lot of time and effort in preparing horses for a sale and we take on a degree of responsibility for making sure the achieve a positive outcome so its rewarding to go through a day like today where you see so many people so pleased with their results,” said Hutch.
“Obviously it wasn’t a perfect day, there are factors we’ll be looking to improve on through this evening and tomorrow and into Tuesday but there were a lot of very rewarding results at the end of the I think we can take a lot of positives out of it.
“We felt it had the capacity to be a strength for the sale to have any number of different stallions represented and as soon as we released the catalogue the feedback said as much.
“People enjoyed the fact that there was a broad cross-sections of stallions, a broad cross-section of different pedigrees represented in the book and a great cross-section of vendors and it meant they’ve had a really great range of choice through the catalogue.”
Day two of the sale gets underway at 10am on Monday.