The inaugural Inglis VOBIS Gold Yearling Sale got off to a successful start at Oaklands on Sunday with 137 lots grossing $1.87 million.
The average of $13,697 was reached at a 77% clearance rate. All yearlings purchased are eligible to enter the VOBIS Gold scheme for a nomination fee of just $1,100 by June 30.
Although not comparing returns from the new format against the former Autumn Sale, Inglis officials were delighted with the $13,697 average when lined up against the overall averages from 2011 ($10,190) and 2012 ($9,344).
“There was an excellent buying bench bidding very competitively on the better quality yearlings offered” said Inglis Director Peter Heagney. “With stronger support from Victorian breeders coupled with the attractive incentives associated with the sale we certainly look forward to the VOBIS Gold Yearling Sale being a major addition to the Australian sales calendar.”
The top price recorded on Sunday was $70,000 paid by trainer Jason Petch for Northern Lodge Stud’s colt by Not A Single Doubt from Meddling.
An amazing 90 individuals appeared on the buyer’s sheet at the end of the session. Victorians keen to cash in on the VOBIS Gold Series were the most prevalent, but buyers from Malaysia, Hong Kong, New Zealand, Tasmania, South Australia, Western Australia, New South Wales and Queensland were also active.
The 166 lot General Session of Super VOBIS and non-Super VOBIS yearlings will be offered on Monday.