Inglis has record auction

The Inglis auction house's Australian Easter yearling sale ended Thursday with new sale records for top price, gross, average, and median.

Led by a record $2.2 million (Australian) Danehill colt, the three-day auction sold 368 yearlings for $75,477,500, or about $55,936,380 U.S. That gross easily shattered the previous Easter sale record of $67.5 million (Australian). The average price of $205,102 and median of $125,000 (both Australian) were also records. In U.S. dollars, the average price was about $152,001 and the median was approximately $92,638.

Trainer Lee Freedman bought the sale-topping Danehill colt, whose price in U.S. dollars was about $1.6 million. The previous Easter record was $1.7 million (Australian) for a Sunday Silence colt at last year's auction.

Freedman was representing a syndicate of buyers. Coolmore Australia, agent, sold the colt, a son of Prawn Cocktail from the family of the famed North American sire Storm Cat.

The auction produced seven yearlings that sold for $1 million (Australian) or more. Four of those were by Danehill, two by Sunday Silence, and one by Redoute's Choice.