The Australian bloodstock market again defied the global trend of Coronavirus-inflicted economic downturn with some extraordinary results at Friday’s Inglis Chairman’s Sale.
Cape-based stallion Time Thief, who has two lots on the BSA National Yearling Sale at end July, produced the op lot in the shape of his dual Gr1 winning daughter and the Yarraman Park-offered In Her Time, which realised A$2m to Newgate Bloodstock
Held as a virtual auction for the first time, the Chairman’s Sale offered some of the southern hemisphere’s most sought-after broodmare prospects and the top of the market especially didn’t disappoint, with four lots selling for A$1m or more – equalling the figure of last year’s sale – while a further seven sold for A$500,000 or more.
The three other seven-figure lots were Gr1 winners Samaready (A$1.8m), Booker (A$1.6m) and Youngstar (A$1.4m)
Coolmore’s Tom Magnier bought the second and third-top lots, the Vinery Stud-offered Samaready (in foal to Snitzel) for A$1.8m and Yarran Thoroughbreds’ Booker for A$1.6m. Both mares will be covered by Coolmore’s US Triple Crown winner Justify.
Leading buyer was Newgate Bloodstock, which purchased eight lots for A$4,355,000 while Yarraman Park ended the sale as leading vendor, selling all four of their catalogued lots for A$3,060,000
The sale’s average of A$429,804 across a significantly larger catalogue is a less than 2% drop on last year despite the extraordinarily challenging economic times as a result of COVID-19.
