Inglis will stage monthly online auctions on Inglis Digital, its new online auction platform, beginning on May 26. The inaugural online auction, which will offer free entry to vendors, will run May 26 from 3 p.m. to May 31 at 5 p.m. Each sale thereafter will close on the last Wednesday of the month, with the catalogue opening for bidding the Friday before. Entries will be accepted for each sale up until two days prior to its opening. Inglis Digital will replace all Inglis Sydney mixed sales. After the first sale, there will be an entry fee of A$199, with a flat rate of 5% commission on completed sales and no pass-in commission payable.
Inglis's Digital Business Manager Nick Melmeth said of online auctions, “They offer vendors and buyers a simple and convenient service for trading all facets of bloodstock through a trusted name with a wealth of experience. Both vendors and buyers alike can take comfort out of the fact that the new online selling format is backed by the tried and true services of a regular Inglis sale, the only difference being the sale ring is now at your fingertips. As part of a registered auction house, Inglis Digital will provide all of the regular administration services for transferring horse identification documents and ownership, as well as providing guaranteed payment to vendors for completed sales. This is something that no other online bloodstock sale currently offers.”
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