Day 1 average at Inglis Classic Sale up 24%

Day 1 of the 2010 Inglis Classic Sale on Sunday bucked the global downward trend to post a first day average 24% higher than last year’s overall figure.  In an excellent day’s trading, 183 yearlings sold for a gross of $6.04 million at an average of $33,005.  The clearance rate closed at 80%.

The opening session was topped by Golden Grove’s bay colt by Danehill’s multiple European Group 1 winner Oratorio from the Desert Prince mare Pacific Dreams, which was knocked down to Bert Vieira for $200,000.  The colt is from the family of Mamzelle Pedrille, O’Lonhro and the recently retired Group 3 winning Classic graduate I Am Invincible.

He was one of eight yearlings to top six figures with fillies by Snitzel, Tiger Hill and Choisir filling the next three spots on the leader board.

“For the market to be up 25% and clear over 80% is an excellent result,” Inglis Managing Director Mark Webster said.  “There was a great turnout of trainers and agents from all major regions of Australasia as well as buyers from Hong Kong, Singapore and Indonesia.

“It was also pleasing to see new investors to Classic, including Bert Vieira who purchased the session topper and BC3 who bought for their two-year-old sale later this year.   The Classic Sale has the reputation for results and no doubt there will be some excellent buys from today’s sale to add to the sales honour role.”

One man who can vouch for that fact is Michael Tubman, who secured $340,000 earner Chance Bye out of this sale for $15,000 last year.  Tubman was seeking similar bargains today, making four purchases up to $22,000.