Prices plunged on Day 1 of the Inglis Melbourne Autumn yearling sale at Oaklands Junction on Sunday.
The $1.29 million turnover dropped $530,000 with only 10 less lots changing hands compared to 2011. The average of $8,849 dipped 24% while the clearance rate was just two points worse off at 79%.
Swettenham Stud’s Reset – Tannadice Park filly topped the day’s trade at $40,000. She was purchased by Mornington based trainer Tony Noonan.
Fellow Victorian trainer Luke Oliver finished the day as the leading individual buyer by aggregate purchasing three for $51,000, followed by Patrick Payne who bought three for $48,500 and Gary Mudgway who secured two for $43,000.
New Zealand bloodstock agent Dean Hawthorne purchased the second highest priced lot on the day, going to $35,000 to secure Phoenix Broodmare Farm’s Husson – Marlee Gay colt (Lot 31). Singapore trainer Theo Kieser purchased Basinghall Farm’s Keep The Faith – Manzie de Lago colt (Lot 29) for $31,000.
Swettenham Stud heads the vendors list from Sunday having sold 14 for $153,750, followed by Eliza Park who sold 13 for $139,000 and Yallambee Stud who sold all six of their Day One offerings for a total of $80,500.
The two day sale continues on Monday, with another 236 yearlings catalogued.