7th April 2021
The 2021 Inglis Easter sale capped off the yearling sale season in much the way it started, with growth among all metrics and strong competition from start to finish. Thank you to Inglis for putting on yet another great edition of this sale and for all the vendors for their efforts throughout the season. The strength of the overall buying bench this year made for a challenging sale, but I am very pleased with the three yearlings we were able to purchase.
|Year||Average||Median||Clearance Rate||Lots Offered||Top Lot||Lots $500k and up||Lots $1 mil and up|
The sale showed strong increases across the board in every category, which is unsurprising to a degree given that the 2020 edition was conducted shortly after the onset of the COVID-19 pandemic. The category with the strongest jump came at the top end of the market, with the number of lots that sold for a million dollars or upwards reaching its highest mark since 2008. Clearance rate also jumped significantly in 2021, mirroring the clearance rate seen throughout this year’s sales season thus far.
Of stallions with three or more sold, it was a tie between two industry stalwarts – Darley’s Exceed and Excel and Shadai’s Deep Impact (JPN) – for leading stallion by median ($500,000). Exceed and Excel also led by average of stallions with three or more sold, with seven yearlings selling for just over $730k each. By aggregate Yarraman’s I Am Invincible ran away with the title, having 44 lots bring just over $27 million (roughly 20% of the overall gross of the sale). Arrowfield’s flagship stallion Snitzel was responsible for the top lot, a $2.5 million dollar colt Arrowfield offered themselves out of Australian Oaks winner Rising Romance (NZ). Hawkes Racing purchased. Arrowfield’s shuttler Maurice (JPN) led sires with first two-year olds by median (3 or more sold) with all four of his yearlings through the ring selling for a median $267.5k.
The 2021 edition of the sale saw a sharp decrease in the international buying bench, with three jurisdictions being represented – Hong Kong, Singapore, and the UK. Buyers from these regions bought 18 lots for $7.78 million (5.77% of overall gross). In 2020, of buyers with locations listed, international buyers from seven jurisdictions secured 39 lots for $15.375 million (21.2% of overall gross).
Lot 26, a Deep Field filly, was the first of our purchases and was secured for $340,000 on behalf of longtime client Lindsey Smith’s stable. Offered by Newgate, she is out of the Red Ransom (USA) mare Princess Narine, herself from the blue chip family of Redoute’s Choice, Manhattan Rain, Sliding Cube, Rubick, and countless other black-type horses. This filly is a powerhouse type that is very indicative of the breed.
The next two lots were purchased for the Hong Kong Jockey Club.
Lot 179 is by top Queensland sire Spirit of Boom and a half-brother to Group 1 winner Invincibella and Stakes winner Secret Blaze. Offered by Sledmere Stud, the dark bay colt exemplifies all of his sire’s best qualities and was purchased for $275,000. He had more scope than a lot of the Spirit of Boom progeny and was very much in the mold of his top performer Jonker.
Lot 459, part of the Amarina draft, is a handsome son of Champion New Zealand sire Savabeel. He is out of the Group 3 winning O’Reilly mare O’Reilly Rose and was secured for $400,000. The big scopey colt had plenty of quality about him.
It’s now time to shift gears and we will be focusing on finalizing matings for clients and the upcoming broodmare sales, starting with the Inglis Sydney.