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Hutch happy with strong demand for yearlings at Riverside with average and median showing strong gains on 2020 figures
After an incredible opening session at the Inglis Classic Yearling Sale on Sunday, that same momentum continued into day two, with the auction house once again reporting increases across the board, with 423 yearlings selling at a clearance rate of 89 per cent, up from 82 per cent at the same point in 2020.
Meanwhile, the aggregate was $43,974,500, up 20 per cent at the same point of last year’s edition, when 408 lots sold for $36,450,500. The average of $103,959 is up 16 per cent on last year’s Book 1 sale average of $89,339, while the median is up 20 per cent to $90,000, from $75,000 that was recorded at last year’s sale.
Inglis’ general manager bloodstock sales and marketing Sebastian Hutch said he was particularly impressed with the diverse buying bench during the two days of trade.
“It has been a very enjoyable day,” Hutch told Racing.com. “After Sunday’s great day, we were confident of having another good session and people who didn’t get the opportunity to strike a blow yesterday got the opportunity today, that’s an important part of a healthy marketplace that there is a good diversity of buyers.
“There are a whole load of different people on the sheets today and I hope we can get more tomorrow.
“The catalogue is very balanced, there wasn’t a day that was particularly stronger than the others and there are still some very nice horses to sell tomorrow which will be among the best horses in the sale and this means you will get a good even spread of results right throughout the sale.
“I think with the way it started yesterday, I think my natural inclination is that it would ease off a little bit, but that didn’t really materialise and it’s great for the market.”
Following on from on Sunday, Newgate Farm resident Capitalist continued to lead the way and has now been responsible for 15 yearlings selling for an aggregate $3,390,000 at an average of $226,000 and Hutch said given the start the stallion has made at stud it is no surprise to see those reflected in the sales ring.
“I don’t think it’s any great surprise to anyone that Capitalist’s progeny is well-sought after,” said Hutch. “He is one of the most fated two-year-olds over the last 20 years in Australia and a rare commodity in a Slipper-winning colt, so the fact that his progeny have come to the races and made a big impression headed by Profiteer is inevitably going to equate into fervent demand for his second crop progeny and we saw that on Sunday and again today.”
Written Tycoon is leading the way in terms of average (with three or more lots sold), with three of his progeny selling for an aggregate of $700,000 at an average of $233,333.
After adding three more colts to their portfolio, George Moore Bloodstock and Team Moore Racing moved to the head of the leading buyers table, having now spent $1,440,000 on five colts during the two days of trade.
Meanwhile, Newgate Farm finished the day as the leading vendors by aggregate having sold 25 yearlings for total receipts of $3,610,000, while Woodside Park Stud are setting the standard in terms of average (with three or more lots sold), selling all four of their yearlings for $880,000, recording an average of $220,000.
