Day 3 Melbourne Premier Sale – Figures escalate across-the-board

The Inglis Melbourne Premier Yearling Sale has been a resounding success with figures escalating across-the-board at Oaklands.

At the conclusion of Session I, there were increases in turnover (2% to $52.88 million), average (11% to $122,977) and median (18% to $100,000) in addition to a very healthy clearance rate of 85%.

In what was another successful edition of the Premier Yearling Sale Session I:

Supreme Thoroughbreds ended as leading vendor by aggregate, selling 26 horses for $3,492,500, while Gilgai enjoyed the healthiest average (three or more Lots sold) of $246,538

Ciaron Maher and partners were the leading buyers with 13 purchases

I Am Invincible was the leading stallion by aggregate ($4,275,000) with 19 of his 20 progeny to enter the ring selling, with Lonhro the leader by average at $300,000 from four sold

Lot 259 (I Am Invincible – Soorena) was the highest-price colt – as well as a Victorian record and the most expensive yearling sold in the world so far in 2017 – at $1.40 million, and a $500,000 price tag for Lot 496 (All Too Hard – Fuhrnatic) made her the most expensive filly.

A total of 22 horses sold for $300,000 or more (up from 20 last year) and at the top end of the market, six horses sold for $500,000 or more, a 300% increase from 2016

Amazingly 25 different sires were represented among the 63 Lots purchased for $200,000 or more.

Inglis Victorian Bloodstock Manager Simon Vivian couldn’t have been happier with the outcome.  “The end result is so pleasing on every front,” he said.  “The vendors did a great job presenting the horses and were rewarded accordingly and the buyers bought very well with some extremely high quality yearlings in the catalogue.”

Tuesday’s top seller was a Snitzel – Consistency colt (Lot 425) from the Rosemont Stud which was purchased by Sun Bloodstock for $625,000.

It capped off a successful sale for Sun, which also bought a Not A Single Doubt – Rhodamine colt for $520,000 from Lauriston Thoroughbred Farm on Monday.

“We got the two colts we came to the sale to buy so we leave happy,’’ Sun’s David O’Callaghan said.  “The Snitzel’s got a good, fast pedigree, there’s plenty of speed there and that’s what we were looking for.

“The Not A Single Doubt is very good looking, he’s by the right stallion, and now we try to turn him into a stallion himself.”