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Inglis August Sale: Gross Up 55%

Monday, 20th August 2012

In Melbourne, Inglis' August Thoroughbred Sale concluded on Friday at Oaklands, where the sale finished with a 55% increase in turnover compared to 2011. On Day-2, 196 lots were sold at a very high clearance rate of 96%, with gross receipts of $1,937,950 taking the sale's overall aggregate to $2,914,200, up from $1,878,600 recorded last year. Equal highest price on Day-2 was the $100,000 outlaid for two lots (Ravenous Lass and Swoosh) sold as part of the Wadham Park unreserved dispersal. Also conducting a reduction was Darley which sold Henshaw for $60,000. Inglis Melbourne director Peter Heagney expressed his satisfaction with the sale, saying: "[It was] a very satisfying two days for us and our vendors with an increase in gross of over $540,000 on Friday compared with the same day last year, and an overall clearance rate of 90% for the entire sale. This sale has consistently proven to be a good source of mares and fillies for stud masters coming in the season and demand for racehorses at this time of year has continued to be strong, confirming confidence in our industry and the lucrative prizemoney on offer."

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