Inglis Melbourne Autumn Sale recovers on Day 2

The Inglis Melbourne Autumn yearling sale finished at Oaklands on Monday with an additional 161 lots increasing turnover to $2.89 million.

The overall average of $9,344 was down marginally on last year, however, Inglis director Peter Heagney was satisfied with the result in the economic climate.  “The clearance rate of 82% was very pleasing and to be down less than 10% on average was better than many of the major sales this year,” Heagney explained.

“This year the sale was not divided into two sessions and therefore the average of $9,344 compared very favourably with the overall average of the two combined sessions last year of $10,190.”

The change in format had seen the Day 1 average drop by 24%.

The top price of $58,000 on Day 2 was achieved by a colt from the first crop of Makybe Diva’s three-quarter -brother Musket.  Formerly based at Darley, the Redoute’s Choice stallion is now standing at Yarradale Stud in WA.

The Musket colt from city winning Zabeel mare Zirascible was sold by John North’s Bowness Stud of Young NSW to renowned judge Steve Brem.

Victorian training partnership Ellerton Zahra Racing finished the Autumn Sale as the leading individual buying after purchasing four yearlings for $126,000.  Patrick Payne also had another busy day at Oaklands securing five lots for a total spend of $87,500.

Local buyers had good competition from overseas, with two yearlings secured for the Malaysia based stable of Katherine Hughes, four colts by Singapore trainer Theo Kieser, two by fellow Singapore trainer Dr K C Yeoh and two for Price Bloodstock from Hong Kong.

Price Bloodstock secured the second highest priced lot on Monday, taking home Ballarto Lodge’s strapping Danerich – Aunty Hilda colt for $50,000.

Eliza Park finished the 2012 Autumn Yearling Sale as the leading vendor with 23 lots realising $234,000.  Basinghall Farm led the sale by average and median (for three or more sold) with 10 of its 11 offerings at an average of $17,125.

Vendors that recorded a 100% clearance rate were led by Phoenix Broodmare Farm, Yallambee Stud, Grange Thoroughbreds, Northern Lodge Stud, Ambergate Farm, Makybe, Woodside Park Stud and Riverina Downs.