04/05/2010 11:00PM

Easter sale shows gains


Australia's Inglis Easter yearling sale put up significant gains in gross, average, and median figures on its opening day Tuesday at the company's Newmarket facility near Sydney.

The session-topping colt was a son of Redoute's Choice and the Unbridled's Song mare Regrowth. He brought about $1,725,000 from Kitchwin Hills. Segenhoe Stud was the consignor.

The opening session sold 132 yearlings for about $28,317,600, resulting in an average price of approximately $214,527 and a median of about $147,200. Compared year-to-year in Australian dollars, that meant this year's gross was up 35 percent, while average and median both climbed by 7 percent. Even so, buy-backs also increased. In 2009, 21 percent of the horses were unsold. That rose to 28 percent his year.

The gross was aided by an increase in horses sold. Last year, 105 yearlings sold.

Other high-priced horses on day one included a Fusaichi Pegasus filly out of Makybe Diva that brought about $1,104,000, from Mark Kavanagh.

The sale was to continue through Thursday.