The foal section of the Inglis Great Southern Sale has returned a record average at Oaklands.
After 224 weanlings changed hands on Sunday and Monday, the overall average of $14,504 was 44% up on 2013. Adding to the success of this year’s sale is the super clearance rate of 88%.
“It’s obviously very satisfying sale and, importantly, it reflects the confidence in the market,” Inglis Director Peter Heagney said. “With so many pin-hookers buying, it augers well for the 2015 yearling sales.”
Two first-crop foals by Darley’s Caulfield Guineas winner Helmet provided the top prices on Monday. Basinghall Farm’s weanling colt from Take All of Me (Lot 242) sold for $100,000, while Yarran’s colt from Umoya (Lot 254) made $90,000 to the bid of Ascot Farm NZ.
Bruce and Maureen Harvey’s Ascot Farm finished as the leading individual buyer during the weanling section. The successful New Zealand pin-hookers secured four weanlings for $280,000 at the sale.
A total of 11 stallions had weanlings sell for $50,000 or more at the Great Southern Sale; Foxwedge, Helmet, Sebring, Stratum, Stryker, Beneteau, I Am Invincible, Equiano, Moshe, Toorak Toff and Wanted.
The Broodmare Sale began on Monday afternoon and will conclude with mixed stock on Tuesday.