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The average and median prices continued to rise on the second day of the Inglis Australian Easter Yearling Sale at Newmarket, driven by overseas interests fighting hard in the sale ring against local buyers.

The 120 yearlings sold on day two averaged $238,583 with a median price of $180,000, comparable to last year's overall average and median of $238,260 and $180,000 respectively.

The clearance rate from Tuesday's session climbed to 79% thanks to private sales with the day two clearance rate of 75% also expected to increase as vendors and buyers are brought together via the Inglis Make-An-Offer service.

“On the back of Pierro's win in the Golden Slipper on Saturday it was certainly pleasing to see champion sire Lonhro get his much deserved recognition in the Easter sale ring with two of his colts topping half a million dollars to top judges George Moore and James Bester,” Inglis Managing Director Mark Webster said.

“The Helsinge filly was the jewel in the crown selling to BC3 for $2.6 million, but overall today's session was strong throughout and I must congratulate our loyal vendors on meeting the market."

They might have been the under bidders on Black Caviar's half-sister but buyers from Japan were not deterred today, taking home six yearlings for $1,435,000.

Buyers from Hong Kong were also strong, purchasing seven lots for $2,085,000, while UK agent David Redvers added another two fillies to the three he purchased on Tuesday for Melbourne Cup winning owner Sheikh Fahad al Thani of Qatar.

James Bester also had a successful day, purchasing three lots for $340,000, $510,000 and $600,000.

Coolmore Stud head the vendors list after two days having sold 21 lots for just over $5million, while Yarraman Park Stud, Edinglassie Stud and Kia-Ora Stud have all managed a 100% clearance rate so far, netting $7,892,500 for the 32 they have sold between the trio of Hunter Valley operations.