Entries open for 2023 Inglis yearling sales series
Auction house out to build on results at last year’s record-setting select auctions as process of creating catalogues begins
Inglis are accepting nominations for their 2023 yearling sale series with entries open from today.
The auction house will again kick-off their select sale offerings next year with the Inglis Classic Yearling Sale from February 12-14, followed by the three-day Melbourne Premier Sale from March 5 and their flagship Easter yearling sale on April 3 and 4 at Riverside Stables in Sydney.
Those auctions will be accompanied by the Melbourne Gold Yearling Sale at Oaklands and, for the third year in its Sydney venue, the HTBA Yearling Sale. In a change to the calendar, the HTBA Sale will now take place before the Gold Sale on April 23 – a week earlier than last year – with the Melbourne Vobis sale to be staged on May 14, a position it held in 2021.
Entries will close on Friday, August 5.
Inglis’s select yearling sales yielded significant growth in 2022, with the Classic Sale and Premier Sale both setting record turnover figures, while the Inglis Easter sale set a southern hemisphere record for a single day’s trade, grossing $81.925 million on day two, bolstered by 14, million-dollar lots – including the brother to Sunlight (Zoustar), who sold for $3 million.
Aggregate revenue at the Sydney-based Classic sale was up 25.3 per cent on the 2021 auction, itself a record-setting figure, while the Premier sale was up 18.7 per cent and Easter was up by 13.7 per cent.
Despite reaching new heights across the spectrum of metrics and sales last year, Inglis are confident the 2023 sales series can improve further.
“In advance of the 2022 yearling sales, we asked vendors for their support on the premise that Inglis would deliver the best results, and thanks to the tremendous support that we received, we did,” said Inglis’s CEO of bloodstock Sebastian Hutch.
“There is a determination among our entire team at Inglis to offer our clients the highest possible standards of service from the inspection period, right the way through to the fall of the hammer and we are working to continue to develop this further for the coming season.”
Inglis-sold yearlings averaged $151,534 across the 2022 sales series, with more than 1,000 lots selling for $100,000 or above, while on the purchasing side the assembled buying bench continued to grow last year, with a minimum of 55 buyers per 100 horses sold.
The process of compiling catalogues for 2023 has already begun, with Hutch and the Inglis bloodstock team working to further enhance the number of buyers present at auctions, while inspections are under way as Inglis seek to source the highest-quality yearlings for next year’s select sales series.
“I can assure breeders and vendors that we will continue to work relentlessly to ensure the strongest possible representation of buyers at each of our sales, so as to continue to ensure market-leading results,” Hutch said.
“We pride ourselves on getting the biggest and best buying bench to each of our sales and that was evident this year, with extraordinary buyer statistics across each of the Classic, Premier, Easter, Gold and HTBA Yearling Sales.
“We work all year round on developing buyers domestically and internationally.
“A number of our team already have made trips internationally to canvass buyers for the 2023 series and with an extensive schedule of international trips scheduled for the balance of the year, as well as our comprehensive work domestically, no stone will be left unturned in our efforts to deliver the best results for vendors.”
Recent graduates of Inglis sales include dual Group 1 winner and Coolmore stallion Home Affairs (I Am Invincible), a $550,000 Easter purchase, as well as Group 1 winners In The Congo (Snitzel), Wild Ruler (Snitzel) and She’s Extreme (Extreme Choice), while Doomben 10,000 (Gr 1, 1200m) winner Mazu (Maurice) was a $180,000 graduate of the Inglis Classic sale.
“Our bloodstock team will inspect more than 4,000 horses over the next couple of months all around Australia and New Zealand, where we will work with the vendors to identify the best sale to target for their yearlings to achieve the best results for them and their clients,” Hutch said.
“We are continually grateful for the ongoing support we receive from breeders and vendors and we can’t wait to deal with them again as we strive to achieve more fantastic results in 2023.’’