Newgate Leads Book One

THE move to Riverside Stables at Warwick Farm has proved to be a lucky charm with the first day of the Inglis Classic Yearling sale being the best to date.

At the end of Book 1 yesterday, the average sale price rose 34 percent on last year to $94,486 with a clearance rate of 92 percent.

There was a total of 53 vendors who had a 100 percent clearance rate in Book 1, led by Sledmere Stud, selling all 21 of their horses.

The leading vendor by aggregate was Newgate Farm selling $2,897,500 and they also had the leading stallion by aggregate with Deep Field selling 29 of his progeny for $3,474,500.

Yarraman Park topped the average for three or more sold with I Am Invincible at $260,455.

Henry Field from Newgate said it has been a wonderful sale so far.

“We’re very pleased, it’s been a great sale and Inglis have put so much into the complex and they deserved to be rewarded with the quality of the buying bench that’s turned up and the quality of the horses that the vendors have bought to the sale,’’ said Mr Field.

“We’ve pretty much met the market on every horse,” Henry Field said.

Mark Webster, managing director of Inglis said he was stunned by the overall results.

“As far as I’m aware there has never been a select yearling sale anywhere in the world that has enjoyed a clearance rate as high as 92% before, so to our loyal vendors and all of our buyers, I thank you,’’ said Mr Webster.

“The statistics are a testament to the quality of horse that has been presented over the past three days,” he said.

“It’s a new era at Riverside Stables and it’s a new era for the Classic sale,” he said.

The great thing about it is the improvement in quality over the past few years has made this a sale of international quality yet Book 2 is still very accessible for those who haven’t been able to get on the board yet or whose budgets are not as strong as others,’’ Mark Webster said.