Expectations of a difficult Inglis Classic Sale for those trying to sell yearlings proved unfounded, although the final statistics do indicate there is some softness in the market.
First the good news for Inglis. The overall sale average in the first year of returning to a single book was only slightly down year on year, from $93,959 to $93,149.
The sale aggregate of just over $55.6 million, while down 10.3 per cent year on year, still represented the fifth best for a Classic sale, and was largely on par with the yearling sale’s average gross receipts since 2018.
The statistics that were less flattering when compared to recent years related to the volume of horses sold. With 597 yearlings changing hands (as of 3pm the day after the sale), that represents the fewest transactions at a Classic Sale since 2017.
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