Trade remained robust following a second day of selling at Inglis Premier with an overall 87% clearance rate highlighting the strength of the market. Increases in all key parameters saw, after two days of trade, a total of 291 lots change hands for an aggregate of A$33,647,000, at an average of A$115,625 (+17%). The median has also improved, rising 13% from 2015 to A$90,000. While fillies stole the limelight on the opening day it was the boy's turn on day two with a pair of colts sharing top billing, selling for A$340,000 each.
The first to reach that mark was lot 205 a colt by Snitzel (Aus) (Redoute's Choice {Aus}) out of Miss Iguacu (Aus) (Encosta De Lago {Aus}), offered by Glentree Thoroughbreds and purchased by China Horse Club. Michael Wallace signed for the colt, one of three bought in total and commented, “The horses are purchased to stay in Australia and encourage Chinese interest in Australian racing, and most will be trained by Snowden Racing.” Glentree Manager Luke Simpson was thrilled with the outcome and said, “We're delighted to get a result like that, and with the purchaser China Horse Club, and we are confident he'll get every chance with them. We're proud Victorian breeders, and the colt was bred, foaled, raised at our farm in Modewarre and obviously sold through Glentree Thoroughbreds. The colt was the first foal of the mare and we have a lovely full-sister to come, and Miss Iguacu is definitely an important part of our broodmare band.”
Lot 339 was the other topper and it was New Zealand trainer Lance O'Sullivan who signed for the son of Teofilo (Ire) (Galileo {Ire}) out of an unraced daughter of Fastnet Rock (Aus) (Danehill), consigned by Three Bridges Thoroughbreds. O'Sullivan will take on the colt until he can be transferred to the stables of O'Sullivan's brother Paul in Hong Kong. “He is an incredibly athletic and good-looking colt, and there is no doubt he is the perfect type of horse to race in Hong Kong, which is the long-term goal for him,” said O'Sullivan. International investment helped fuel the day's trade with 12 lots secured by Chinese investors for a total of A$2,455,000. YuLong Investment and RIFA Mustang Pty Ltd continued their involvement with the majority of purchases staying in Australia to race. Lot 247, a Fastnet Rock (Aus) colt was the most expensive acquired by YuLong Investments when knocked down for A$260,000.
Inglis Victorian Director Simon Vivian was quite satisfied with business and said,”All sectors of the buying bench have been active across the board, which has driven forward all key metrics and delivered excellent results for vendors. We are delighted to see buyers new to Premier have been active throughout the sale, along with buyers who have had success with graduates of the sale returning to invest in the quality product on offer.” Day three of the auction again commences at 10:30am local time on Tuesday where lots 363 to 573 will come under the hammer.
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