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Average, gross and clearance set new benchmarks with a Super One colt topping at $400,000

Inglis' Managing Director Mark Webster was delighted with the results of the Ready2Race Sale on Tuesday with records set for the average, gross and clearance rate. 

A total of 103 two-year-olds sold on Tuesday for a total of $11,736,500, at an average of $113,947 and median of $80,000. At the 2020 renewal, 120 lots sold for $11,642,000 with a clearance rate of 71 per cent. The average was $97,017 and median was $70,000. 

The average has jumped a huge 49 per cent in just two years. 

A total of 46 horses sold for $100,000 or more – up from 39 last year and 26 in 2019 - while 17 realised $200,000 or more, a 42 per cent year-on-year increase and 89 per cent jump from 2019. 

"To clear in excess of 80 per cent, to see the average jump around 20 per cent and to beat last year's gross despite a smaller catalogue, it's really been a fantastic sale you would have to say,'' Webster said.

"There have been some great individual results but one of the most significant things for me was to see such a broad participation of buyers despite the tough border situation. We had buyers from Hong Kong, Macau, Philippines, Singapore, Queensland, Northern Territory, Victoria etc, mainly from people bidding online or over the phone with an agent or a member of our bloodstock team and that has really helped the sale overall.

"This sale has really led the way with graduates the past couple of years with what they have achieved on the track and let's hope Forgot You and Gunstock – both out of last year's Ready2Race sale – can run well in the Derby at Flemington on Saturday.''