03/06/2013 4:25PM

Holy Roman Emperor colt leads final Inglis Melbourne session


The Inglis Melbourne premier yearling sale concluded on Wednesday with its Session Two portion, which posted a higher gross and a lower buyback rate than its comparable 2012 session and held steady in average and median price.

Inglis reported 118 hips sold during the session for total receipts of $3,428,800 ($3,341,045 Australian), a 13 percent increase compared with last year’s Session Two, when 104 hips sold for about $3,036,000. The average price of $29,060 and the median of $22,580 were equal to 2012’s corresponding session, while this year’s buyback rate of 28 percent improved from 32 percent last year.

“The gross and clearance rate are up and the average and median are comparable to last year, which is all pleasing results,” Inglis Melbourne director Peter Heagney said. “Again, it was a selective market today, but it was good to see 20 lots sell for $50,000 or more, which is up from 15 recorded last year.”

The session's top price was recorded by a Holy Roman Emperor colt out of the Marauding mare Exact, who was purchased by John Foote Bloodstock for $112,889 ($110,000 Australian). Consigned by Eliza Park, the colt is a half-brother to stakes-placed winner Spurcific and is from the family of Group 1 winner Mnemosyne.

Wednesday’s final session followed the three-day first session at Melbourne, which concluded on Tuesday with an 8 percent rise in average price and equal total sales and median compared with last year’s results. Inglis introduced a Blue Riband segment on Monday featuring yearlings with stamina-influenced pedigrees, which posted a higher average price and a lower buyback rate than the rest of the first session.

“Results from Monday’s Blue Riband clearly show that there is strong demand in Melbourne for yearlings bred with the Derbys and Cups in mind and we look forward to building on the concept in coming years,” Heagney said.

For hip-by-hip results, click here.