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Inglis conducted its best Australian Weanling Sale ever early this week
Inglis is celebrating the most successful Australian Weanling Sale in history after Tuesday's second day continued on the good results from Day 1.
The sale grossed $16,104,000, which is a 23 percent increase on last year while the average of $55,151 was up eight percent.
A total of 49 lots sold for $100,000 or more in 2024 – up from 42 last year – while there were also significant increases in the number of weanlings who sold for $200,000 or more (114 percent rise) and $300,000 or more (200 percent rise).
"As is the case with any sale, it's about trying to provide a good service to vendors that in turn generates good results for them and that has been the case with this sale for the last few years, hence the good momentum that it has," Inglis Bloodstock chief executive Sebastian Hutch said.
"The quality of the stock the buyers have access to at the sale is improving year after year and that is reflected in the engagement of the buyers this year and ultimately the results."
The top five lots for the sale all went through on Day 1, but the headline lot from Day 2 was Lustre Lodge's colt by Toronado out of Atomic Pulse who sold for $320,000.
"He's a colt we brought here thinking we could get $100,000, maybe $120,000 for because he's a beautiful-moving colt by a sire that's really on fire so we're absolutely rapt,'' Lustre Lodge's Paige Churcher said.
"Honestly, I was just hoping I could get reserve back on him, we're just ecstatic.
"He's gone ahead in leaps and bounds and hopefully the purchaser gets a great result as well."
The second-highest lot of Day 2 was a significant result with the $260,000 colt by Home Affairs out of Extra Olives the most expensive product of the high-profile crop of first-season stallions who has youngsters on offer.
The Australian Weanling Sale kick-started a monstrous week for Inglis, which continues on Thursday night with the prestigious Chairman's Sale, where some of the most valuable broodmare stock in the world will go through the ring.
AUSTRALIAN WEANLING SALE STATS (2023 in brackets)
Sold: 292 (248)
Clearance: 78% (74%)
Average: $55,151 ($52,264)
Median: $30,000 ($30,000)
Gross: $16,104,000 ($12,961,500)