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Book 1 comes to a close

3 minute read

At the close of trade, Inglis reported a 11 percent upward average, with compared to 2019.

Premier Yearling Sale catalogue. Picture: Inglis

At the close of trade, Inglis reported that 367 yearlings sold at a clearance rate of 79 per cent for an aggregate of $47,402,500, while the average was $129,162 - 11 per cent up from 2019 and the median finished at $110,000, which was a 22 per cent increase on 2019. 

Sebastian Hutch, Inglis general manager of bloodstock sales and marketing, said he was pleased with the results over the last two-days of trade and said that if you offered a yearling that matched all the right criteria you were well rewarded.

"We are very pleased with the way the last couple of days have played out," said Hutch. "We are obviously always trying to identify how the process can improve and trying to establish a further competitive advantage for the sale. 

"But in the context of the work we've done and the context of the horses I think it has played out very well. Bidding on those horses that satisfy the necessary conformation criteria and veterinary criteria was very strong. Obviously if you aren't satisfying that the market is harder and the market is unforgiving of those horses and I suppose understandably so."

Hutch was also quick to praise the tireless hard work put in by the farms and their staff to prepare the yearlings for the sale and the good results were the markets recognition of that hard work. 

"Whenever you solicit entries for the sale you ask the vendors to invest a certain amount of faith in the team responsible for managing the sale, so when those vendors go and achieve good results at the sale there is a sense of relief around it, but it is really quite rewarding because it recognises the time and effort people put into preparing horses for a sale like this," he said. 

"There have been some great stories at the sale and hopefully those great stories don't end today they carry on to the race careers of these horses and talk about the graduates from this sale for years to come."

The Showcase gets underway at Oaklands on Tuesday and Hutch said there were still plenty of quality yearlings for buyers to get hold of. 

"There look to be plenty of nice horses in the catalogue and part of the challenge of putting together a catalogue as early as September and October is that horses grow and develop and there are a number of horses across the Showcase session that would not have been out of place in the Select Sale, which is great for anyone looking to find value tomorrow," said Hutch. 

"The inspections on the horses have been excellent."

The Showcase Session gets underway at 10am.