Results up across the board with NSW buyers accounting for 39 per cent of turnover
At the close of trade on Tuesday, Inglis reported a healthy rise in most areas from the 2019 edition of the sale. Twelve months ago there were 191 catalogued, compared with 226 this year - an increase of 18 per cent. The clearance rate in 2019 finished at 68 per cent and on Tuesday sat at 65 per cent, while the aggregate increased to $10,964,000 from $8,051,500 in 2019, an increase of 36 per cent.
Meanwhile, the average last year was $79,718 and finished this year at a healthy $99,673, signalling a 25 per cent rise and the median rose 16 per cent at $70,000 this year, having finished at $60,000 12 months ago
Inglis managing director Mark Webster said he was pleased with the day’s trade, especially given the global climate due to the coronavirus pandemic.
“To see so many vendors enjoy some huge results – the top ten lots were shared between eight different vendors – was extremely satisfying in what has been a challenging year for everybody,’’ Webster said.
“These are far from ideal conditions for the conduct of a sale, particularly with the border restrictions but we worked hard with our vendors to ensure the catalogue received extensive promotion and that an unprecedented amount of information was available to buyers.
“It is then very rewarding to get feedback from both vendors and buyers alike that the flood of information gave them confidence heading into today.
“I’d also like to thank the buyers who supported the sale. We’ve had buyers from all across Australia and New Zealand, Hong Kong, Macau, Singapore, a vast array of areas and it’s so satisfying to see more people embrace this two-year-old sale.’’
Lime Country Thoroughbreds finished the sale as the leading vendor by average having sold five lots for $1,180,000 at an average of $236,000. New Zealand-based Ohukia Lodge were the leading vendor by aggregate, selling 14 juveniles for $1,447,500 at an average of $103,393.
Busuttin Racing finished the sale as the leading buyer spending $740,000 on three lots whilst Waikato Stud’s Savabeel (Zabeel) was the leading sire by average with three juveniles selling for $745,000 at an average of $248,333. Of the first season sires it was Newgate Farm’s Capitalist (Written Tycoon) who led the way with four two-year-olds selling for $942,000 at an average of $235,500.
NSW-based buyers accounted for the majority of the market, purchasing 50 lots for $4,244,000 - 39 per cent of turnover. Victorian-based buyers spent $2,311,000 on 25 lots (21 per cent of turnover) whilst Hong Kong-based purchasers accounted for 19 per cent of turnover, buying ten lots for $2,040,000.
