This year’s revamped Inglis Australian Broodmare and Weanling Sale saw 51 fewer mares offered for the latest renewal of the select session, but the year-on-year average of $42,199 was up 27 per cent and the median of $30,000 was up 36 per cent. The figure comes after the elite The Chairman’s Sale average was up 65 per cent for the 59 lots offered. “There is a lot of confidence in the market, particularly at the top end, so that has no doubt helped The Chairman’s Sale, but I think this year even the middle market at Premier, at Easter and on the Gold Coast (yearling sales) has held up pretty well and that has encouraged (breeders) to reinvest,” Inglis managing director Mark Webster told ANZ Bloodstock News. “When you look at the major buyers at this sale, a lot of them have got stallions going to stud and they want to present their stallions with quality mares.
“We have got Yu Long as the leading buyer of mares at this sale in the past two days with them all heading to Grunt. “If you look through the major buyers’ list, it is a positive that they are investing in stallions and they are investing in mares to back them up, so that all inspires confidence.” YuLong Investments bought five mares for a total of $602,000 to be leading buyer by aggregate ahead of Cambridge Stud, while Hong Kong’s Ben Kwok spent $410,000 on ten mares. Last year’s sale was held straight after the Australian Easter Yearling Sale but a large The Chairman's Sale catalogue and a fatigued buying bench saw an under-par result, prompting Inglis to make changes to the date and format in 2019. “From our end, too, what we think what has helped as well. Last year was a pretty healthy market too, but clearly the timing didn’t help us selling straight after Easter,” Webster said. “I think having the gap between Easter and this sale has really helped. It has allowed the vendors and buyers get ready, come in refreshed and there were plenty of buyers even through to the last ten lots.” The strong broodmare and weanling sale in Sydney now sets the scene for a competitive market to take place at the Magic Millions Gold Coast National Sale later this month. Inglis’ focus now switches to the Hunter Thoroughbred Breeders Association Scone Yearling Sale on Sunday and the Great Southern Sale in June.
Article| ANZ Bloodstock News 7 May 2019 http://www.anzbloodstocknews.com