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Inglis Premier Session Two: Gross & Clearance Up
Both the gross and clearance metrics finished up at the end of Session Two of the 2013 Inglis Melbourne Premier Yearling Sale, with the gross rising 13% to $3,341,045 from 2012's $2,958,500. The median ($22,000) & average ($28,314) finished on par with last year, and the clearance rate was 72%. Inglis Melbourne director Peter Heagney said after the sale, "Again it was a selective market today, but it was good to see 20 lots sell for $50,000 or more, which is up from 15 recorded last year." Heagney added: "It has been a great four days here in Melbourne, with Session One continuing its amazing run as the only major thoroughbred auction in Australia to achieve an increase in average in eight of the last nine years and Session Two continuing to go from strength to strength... Results from Monday's 'Blue Riband' clearly show that there is strong demand here in Melbourne for yearlings bred with Derbys and Cups in mind and we look forward to building on the concept in the coming years."