Descendants of versatile horses Pier And tornado closed the final session of the Inglis Melbourne Premier Annual Sale for 2023, and topped the third day at AU$400,000 ($269,562, AU$1.00 = AU$0.6739). dollars), but it was the general correction to the market that made industry figures speak for themselves.
Premier Session 615 Main Lot generated over AU$58 million ($39,086,432) in revenue in 2 and a half days, with another AU$5.5 million ($3,706,472) spent in the Demo Session of Inglis on Monday, leading to the auction breaking the $60 million mark ($40,434,240) for the third time in Victorian history.
That said, vendors find the market particularly tough compared to the unprecedented demand two years ago, with total sales down AU$20 million year-on-year on two books and A more cautious approach from buyers has an effect on averages, medians and clearance rates.
The Premier session averaged AU$135,671 (US$91,429), AU$100,000 (US$67,390) on average and an approval rate of 79%, compared with AU$158,094, AU$140,000 and AU$158,094 90% of last year.
Demo session on Tuesday, topped with AU$160,000 lonro colt (Lot 663) from the Purebred Supreme draft, averaging AU$40,500 ($27,293) at an average of AU$36,000 ($24,260) with a 73% payout on final lot are transferred to the round.
Lonhro ponies are deposited as Lot 663 at Inglis Premier Yearling
At the close of key trading on Tuesday, dealer Olly Koolman bought a $400,000 Aussie Toronado mussel, the highest priced lot on the third and final day. Koolman waited until Tuesday to sign the most expensive male sold at the 2023 Premier Sale, on behalf of a Hong Kong client. Toronado pony (Lot 589) is the second pony of the Moon Mojowho won over 1,850 and 2,000 meters.
Koolman said: “I bought Senor Toba here during this sale four years ago, so he means a lot to me, the horse. I think (of Toronado) is a great stallion, he is a great stallion, he is. put great bones and strength in the horses”.
Senator TobaGroup 3 winner in Australia, has also won multiple group races in Hong Kong for coach Caspar Fownes, who is campaigning for competition in Dubai.
Koolman has been actively sourcing horses, including AU$300,000 justification colt at the Inglis Ready2Race Sale last year, to a Hong Kong-based license holders.
Half-brother (Lot 288) with Senor Toba by harry angel is also destined for Hong Kong after he also brought in AU$400,000 on Monday from the Mill Park Stud draft.
When asked about the overall market at the Premier sale, Koolman said: “I think vendors are having to work a little bit harder than they used to, which doesn’t bother me much. I don’t think so. find it too hard to buy a nice horse and we’ll go home quite satisfied.”
The trio in Hickmott Corner
Melbourne Cup-winning coach Robert Hickmott also welcomed a Pierro “dirty” to his field, after spending AU$400,000 on the Premier League final year aspiring to break through the ring. Jason and Mel Stenning and Sean and Cathy Dingwall of Trilogy Racing, in their first Premier sale under the leadership of Blue Gum Farm, will remain in the well-bred pony (Lot 615) after their purchase. her last year as a pony. The ninth pony out of Right nowShe is the younger half-sister of four winners.
Fat Pierro was consigned as Lot 615 in the ring at the Inglis Premier Yearling Sale
Blue Gum Farms has been crowned Premier Book 1 supplier for the fourth time in five years, selling 28 saplings for AU$4.62 million with an average of AU$165,000, led by 500,000 Australian dollar Zoustar ponies (Lot 499).
Sean Dingwall said it’s clear that “the market correction has now taken place. You can see that in the average of the sell-off over the last two or three years. There has been a significant correction. We all have to be realistic about the state of the economy and if you’re selling horses at the moment, you’re doing great.
“We’ve seen all the ups and downs, so in the end you have to get through it, and when we go down, we have to go up.”
Buy and sell prominently Yulong
Yulong is the second top supplier overall, but principal Yuesheng Zhang also gets another dirty man tycoon writes On Tuesday. He paid AU$370,000 for the dirty dog (Lot 560).
Yulong sold 21 saplings a year during the First Session for AU$4.15 million with an average of AU$197,619. Tasmania’s Grenville Stud is the top supplier on average (selling backpacks or more), selling three a year for an average of AU$233,333.
The tycoon in writing consigned lot 560 at the Inglis Premier Yearling Sale
The back end of the market remains strong in the Premier, but like other sales this year, vendors find it harder to sell horses in other segments of the market than it was a year or two ago.
Hong Kong’s Upper Bloodstock by Ross Lao and Andy Lau bought 11 cubs a year for AU$1.85 million to be the top buyer.
What’s notable is the absence or drop in spending by some of the top service providers and trainers at the 2023 sale compared to the record 2022 auction.
Inglis Bloodstock CEO Sebastian Hutch said: “We expect that sales will decline and we rely on the knowledge we have about the market and the feedback we receive. obtained from the market. “I think the sale of shares from people who want to sell their well-publicized horse stock has been slower than it was 12 months ago and that makes people more cautious. That’s the easiest explanation. .
“All in all, there’s still a lot of money in the market. Ultimately, time will prove that the market in 2023 will likely be one of the most lucrative in the history of Australian bloodline, it’s not like as before. 2022.”
The annual Magic Millions sale in Adelaide will be held next Tuesday and Wednesday.
