Weanlings by Australian Champion Sire elect Fastnet Rock provided the highlights on a remarkable opening day’s trade at the 2012 Inglis Australian Weanling and Bloodstock Sale in Sydney, where the average price rose 55% from last year.
$3,772,750 was traded on 154 Select Session weanlings at Newmarket yesterday, representing a 55% increase in average and 75% increase in median on the corresponding figures recorded twelve months ago. The clearance rate recorded was also a very healthy 80%. ”Vendors that brought quality offerings to today’s sale were well rewarded by the strong local and international buying bench assembled, who no doubt are well aware of the strong demand for Australian bred thoroughbreds in the yearling sale ring,” said Inglis Bloodstock Director Jonathan D’Arcy.
“The progeny of Fastnet Rock have been in high demand at all of Inglis’ sales this year and that continued today, but it was also great to see a number of those weanlings that featured in the TVN First Season Sire Showcase overnight sell well today,” D’Arcy said. Coolmore Stud’s Fastnet Rock colt from Group 2 winner Bird Of Fire (pictured) had plenty of admirers at Newmarket and when he stepped into the ring as Lot 22 early in the day there was fierce bidding on the youngster.
Five individual’s made bids above $200,000, with the colt finally fetching the highest weanling price in Australasia this year when selling to his breeder Barry Stokes of Victoria for $270,000. The top priced filly of the day was also by Fastnet Rock, with Lot 172 out of stakes winner Sarah Vee sold by Coolmore Stud to Musk Creek Farm from Victoria for $250,000.