Session 1 of the 2016 Inglis Premier Yearling Sale concluded with a record aggregate and average at Oaklands just outside of Melbourne.
Turnover was up 16% to $51.39 million and the average rose 14% to $111,000. The overall clearance rate also climbed 5 points to 87%.
In the past 5 years, the sale average of Session 1 at Inglis Premier has lifted an extraordinary 54.8%.
At this year’s sale 32 horses were sold for in excess of $250,000, a significant increase on the 18 in 2015, demonstrating the growing demand for top quality colts and fillies at Victoria’s principal yearling sale.
The Premier Sale was particularly a triumph for Victorian vendors who monopolised the Top 10 leader-board.
- $700,000 C Snitzel – Beauty World Blue Gum Farm
- $675,000 F Fastnet Rock – Hidden Energy Swettenham Stud
- $460,000 F Fastnet Rock – Port Augusta Blue Gum Farm
- $380,000 C Reward for Effort – Batik Supreme Thoroughbreds
- $375,000 C Street Cry – Original Choice Blue Gum Farm
- $340,000 C Snitzel – Miss Iguacu Glentree Thoroughbreds
- $340,000 C Teofilo – Serious Rock Three Bridges Thoroughbreds
- $340,000 C Sebring – Viking Turf Belle Blue Gum Farm
- $320,000 C Shamardal – Port Providence Rosemont Stud
- $320,000 C Smart Missile – Rain Shadow Ampulla Lodge
Blue Gum’s Snitzel – Beauty World colt was secured for $700,000, making him the second-highest priced yearling to be sold at a sale in Victoria. A half-brother to four stakes winners, he was signed for by international bloodstock agent Justin Bahen on behalf of his Hong Kong client Mr Hung.
“We viewed him half a dozen times and knew he was the colt we wanted,” said Bahen.
“He was full of energy throughout the sale and had a consistent attitude. We spent enough time to make sure he was the right horse for us.”
Blue Gum Farm became the first vendor in Melbourne Premier history to record turnover exceeding $4 million. Earlier on Tuesday, Blue Gum’s Sebring – Viking Turf Belle colt was purchased by Tony McEvoy for $340,000.
“We are delighted to achieve such great results for the clients and the farm,” said Blue Gum owner Philip Campbell.
“Our two top colts today were both outstanding animals with great presence, and we’re confident they’ll get the best chance with their buyers.”
Chatswood Stud champion Reward For Effort recorded the second-highest price on Day 3 with a $380,000 colt from Batik. Sold through Supreme Thoroughbreds, he is a half-brother to LR Maribyrnong Trial Stakes winner Mihalic and was purchased by China Horse Club.
“The overwhelming results from Session 1 are representative of the confidence in the Victorian industry, and in the Premier Sale,” said Inglis Victorian Manager Simon Vivian.
“The jump in average of 14% proves that the results are there for breeders and vendors who support the sale with high-quality horses.”