Impressive numbers at Inglis Classic Yearling Sale
|Impressive numbers at Inglis Classic Yearling Sale - 17th Feb 2017|
The last Classic Yearling Sale at William Inglis' Newmarket complex finished in a blaze of glory, with a record-breaking turnover around $36 million and 21 yearlings selling for $200,000 or more.|
The Classic Sale will have the honour of being the first sale at Inglis's new state-of-the-art selling arena at Warwick Farm, with plans well ahead of schedule.
The aggregate for the 2017 Classic sale was up 32 per cent on 2016, with the average climbing to $71,567, up 25 per cent.
There were 600 yearlings catalogued and a surprisingly small number of withdrawals 36 and just 64 failed to meet their reserve prices.
Inglis had to make some quick changes when the Randwick meeting set down for last Saturday was postponed until Monday because of the heat and their decisions proved workable.
A total of 150 lots (up 30) were re-scheduled for Saturday evening; the Sunday sale increased to 300 yearlings and the sale began an hour earlier at 9am; Monday's final day was cut by 90 lots to enable potential buyers to attend Winx day at Royal Randwick.
The top-priced lot was $400,000 for a Not A Single Doubt colt signed for by Carmel Size on behalf of a Hong Kong contact who races smart galloper Southern Legend, which will now race in Hong Kong.
"Les Bridge trained Southern Legend and this colt will replace him," Size explained.
The colt was offered by Tyreel Stud, which was the leading vendor by average of the Classic Sale with seven lots netting $1,215,000 (average $173,571).
The Mitchell family's Yarraman Park was top vendor by aggregate selling all 19 of its consignment for $1,891,500 (average $99,553) and its champion stallion I Am Invincible contributed greatly to that hefty sum.
Overall, I Am Invincible had 27 lots representing him and all found homes at a cost of $4,015,000 (average $148,704) coming off a service fee of $27,500, with his top seller being $360,000.
Newcastle trainer Paul Perry was the biggest buyer over the three days with nine lots at a cost of $834,500 (av $92,722).
Two of the leading NSW-based syndicate groups Triple Crown and Darby also signed for nine lots with their respective totals $670,000 and $545,000.
Denise Martin's Star Thoroughbreds bought six yearlings to go to Chris Waller at a cost of $710,000.
The final session was highlighted by the purchases of a Fastnet Rock filly by Matt Laurie for $230,000 and a Savabeel colt to New Zealand pin-hookers Mark and Shelley Treweek for $220,000.
The Fastnet Rock filly is from the mare Esprit de Bleu and Laurie bought her half-brother by Smart Missile from Mark Alati's Marquee Stud at the 2016 Classic Sale, now named Scudtime.
"He has showed us a bit so I was happy to dive back in and purchase the next one out of the mare," Laurie said.
The Treweek's Savabeel colt will be returning to New Zealand to be prepared for the Karaka Ready To Run Sale of two-year-olds later this year.
"I love the sire and if we bought him in New Zealand we might have had to pay more for him. He is just an exceptionally good-moving colt and we fell in love with him," Mark said.
NSW buyers were the most active at the Classic Sale with the purchase of 233 lots doubling Victorians (103), while Queensland buyers signed for 55 yearlings.
Of the overseas buyers Hong Kong had 23 knocked down, New Zealand had 21, China seven and Singapore one.
From a pin-hooker's viewpoint, the top three speculators had six-figure profits from the Classic Sale.
Leading the way was Lot 120, the Snitzel colt from Lovemelikearock bought by the Victorian-based Rosemont Stud for $150,000 and selling this week to Bryan Guy for $310,000.
Runner-up was Lot 237, the Uncle Mo colt from Star Leader which was bought for $44,000 and sold to Anthony Cummings for $170,000, and third was Lot 253, the Manhattan Rain x Superb Melody colt which sold firstly for $45,000 and then to Tony McEvoy for $180,000.
Alan Bell's decision to invest $700,000 for a Fastnet Rock x Cats Whisker filly at the Magic Millions Gold Coast Sales in January has turned out to be a tremendous one with her full-sister Catchy adding enormously to her pedigree page in the Blue Diamond Prelude at Caulfield last Saturday.
Catchy maintained her unbeaten record at her third start and took her earnings to $187,000, with the Blue Diamond next in line with $1 million prizemoney up for grabs.
Catchy was bought by Dorrington Farm's Robert Crabtree for $220,000 at last year's Inglis Easter Sales and the filly's value would have exploded to more than $1 million as a broodmare prospect.
And if Bell's full-sister obtained at the Magic Millions had have been saved for this year's Inglis Easter Sales she would have fetched a seven-figure amount as well.
The sales action switches to Victoria next week with the Inglis Melbourne Premier Sales featuring a catalogue of 771 horses.
Written Tycoon, which resides at Woodside Farm, will be the centre of attention with 30 yearlings in the catalogue with another local Fiorente, which stands at SunStud (formerly Eliza Park), having 29 engaged the same number as Pierro. Shamus Award and Helmet both have 23, one more than Reward For Effort.
The deceased High Chaparral's progeny are certain to be in powerful demand with 21 selling while Sebring and I Am Invincible both have 20 yearlings.
The sale commences on Sunday, February 26.
Article courtesy of Fairfax Digital and the Sydney Morning Herald