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Inglis Easter Day 1: Average Closes On Elusive $300,000 Barrier
At the close of the opening session of the 3 day William Inglis Easter Yearling Sale, the elusive $300,000 average was nearly breached, with the final figure of $296,958 the highest ever recorded for an opening day in the Southern Hemisphere. According to Inglis, "Last year's day one was eclipsed by selling 166 lots (this year) for an aggregate of $49,295,000 with the highest price reaching $2 million. With an additional 39 yearlings being offered compared to the first session last year the average was still up by 15.6% to a record totalling average of $296,958." The median price was $200,000. By the end of the opening day's trade, 5 yearlings had attained the six figure plus mark. Inglis' acting managing director, Jamie Inglis, exclaimed, "Easter has proven, yet again, that it is a sale that truly belongs alongside the world's best and as such, demands the attention of an impressive international buying bench. In particular, I was delighted with the pre sale comments about the type of yearling we presented for sale. Our vendors are claiming record numbers of inspections and buyers are telling us the number of yearlings getting second and third looks is mind boggling. It seems this year's short lists are turning out to be quite long!"