2006 Australian Yearling sale staged by William Inglis and Son
Published April 23rd, 2006
Full Story
AN extraordinary sale for vendors and auctioneer, an extremely tough sale for buyers, but a refreshingly honest sale for the thoroughbred industry.
That was the 2006 Australian Yearling sale staged by William Inglis and Son at its Newmarket sales complex in Sydney over three selling sessions last week.
Four hundred and six yearlings, representing an astonishing 90 per cent clearance, fetched $117.13 million for a 29.3 per cent hike in trade, while the average rocketed 40 per cent upwards, from $207,295 to $288,497.
The median price, the fairest of all sale measures, rose 20 per cent to $180,000 while the $1 million barrier was passed 14 times, including a record colt and filly among three that topped $2 million.
No southern hemisphere yearling venue has seen the likes of this sale before, but now that it has happened rest assured it can happen again.
All the indicators were there that the sale could at least match the boom event of 2005 — for growth of something like 5-8 per cent in the average.
However, anyone predicting a 40 per cent rise would have run the risk of being certified, or put away for causing a public disturbance.
As in every year, and as for most major sales, the vendor and the auctioneer work hard to make the sale a success.
