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Inglis Premier Day-2: $420K For Foxwedge Colt
The Inglis Premier Yearling Sale maintained its record setting pace yesterday with spirited bidding leading to an increased average price of $98,873 for the 287 lots sold on the first two days of the Melbourne sale. The total number of lots sold for $150,000 or more by the end of Day Two has risen from 26 in 2013 to 38 last year and now 56 in 2015, a real highlight of the sale's growth. Supporting this progression is the strength and increasing popularity of the Blue Riband session which realised a record average of $135,488 for 41 lots sold. "The strength of this year's sale is comparing very favourably to previous years and we are confident that this trend will continue through to the conclusion of the sale in two days' time," said Inglis Victorian Director Peter Heagney. "The popularity of the Blue Riband session in particular shows there is a real niche for the classic types of horses," Heagney added. A new Australian sales record price for the progeny of first season sire Foxwedge was set when Lot 185, a colt from Gr1 performer Glowlamp (by Encosta de Lago) was purchased for $420,000 by NSW trainer Paul Perry from the draft of Newgate Farm. "They've sold really well," Newgate's Henry Field told ANZ Bloodstock News. "Such a good line of horses going to such good trainers, they're going to have every opportunity. By the look of how his stock have been received by the market, he's got a great chance to make a good stallion." At the conclusion of Day Two Foxwedge is the leading first season sire averaging $187,500 for eight Lots sold, ahead of Sepoy with five lots sell at an average of $158,000. The Blue Riband Session for yearlings bred and conformed to excel over middle and staying distances was again buoyant with nine lots selling for $200,000 or more, led by a $310,000 Redoute's Choice colt and $280,000 Fastnet Rock filly. The Redoute's Choice x Possessed colt (Lot 258) will head to the stable of champion South African trainer Mike de Kock after being secured by Form Bloodstock from the Arrowfield Stud draft. Day Three of the auction starts at 10:30am today with Lots 393 to 623 to be offered.