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Inglis Melb Premier: Average Up By 10%
Session One (Days 1-3) of the 2013 Inglis Melbourne Premier Sale concluded yesterday with the most salient statistic being a 10 percent rise in average from last year. In total, 408 yearlings sold over the 3 days for a gross of $32,079,912, with a final average of $78,627 and a median of $60,000. The clearance rate held at a respectable 76 percent. An active international buying bench spread across South Africa (32 lots), Hong Kong (15), Singapore (12) and Japan (3) increased their spend from 2012, while Victorian and WA buyers also upped the ante. David Hayes took the individual honour as leading buyer from Session One by aggregate, purchasing 8 yearlings for $1,285,000 while leading Victorian nursery Eliza Park topped the vendors aggregate selling 35 yearlings for $2,444,000. Inglis managing director Mark Webster commented: "Although we catalogued 26 less yearlings in this year's Session One the gross is up thanks to a healthy increase in the average price to $79,000… It has still been a very selective market, which is shown in the results with the better types and progeny of the top sires selling well… Last year's sale we sold 25 Passed-In lots from Session One privately after the end of day three, so similarly we expect this year's clearance rate to push through 80% in the coming days." Session Two commences this morning. Watch Session One's wrap-up below.