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Gold Riband Hugely Successful On Day One Of Inglis Classic
An inaugural Gold Riband session that exceeded all expectations led to a remarkable start to the 2017 Inglis Classic Yearling Sale on Saturday. The Gold Riband, which saw 57 horses offered in a frenzied two-hours of selling, was a concept created in an attempt to find the yearlings the Inglis bloodstock team believed would be competitive in the elite 2YO races. In what can only be described as a staggering success, the Gold Riband grossed $6,510,000 with an average of $130,200 and a clearance rate of 88%. In a record-breaking night:
- The top seller was the Not A Single Doubt x Pinocchio colt (Lot 73) that was knocked down to Carmel Size (on behalf of Mr Bon Ho) for $400,000. It was the second-highest price ever at a Classic Yearling Sale.
- 10 lots sold for $200,000 or more on opening night, eclipsing the nine sold in last year's entire record breaking Classic Sale.
- Five lots sold for $300,000 or more in the Gold Riband Session, a great endorsement for the Inglis innovation that has captured the imagination of buyers wanting to exceed in the elite 2YO races.
- The overall sale average was $90,845, well ahead of last year's $57,053.
Of the vendors who sold three or more horses, Yarraman Park enjoyed the greatest aggregate of $982,500 from seven sales, while Tyreel Stud had the leading average of $323,333 from three offerings. Inglis Managing Director Mark Webster was staggered with the results. "We were hoping to work up to an average of $100,000 for the Gold Riband in the first two years. To get an average of $130,000 in the first year is beyond our wildest expectations,'' Webster said. "It was a new idea, we were trying something fresh and those things don't always work, but thanks to the support of our vendors and a strong buying bench here tonight, we're delighted with the results all round." Click here to view the Day One statistics.