NEWS: Bold start made to Inglis Easter sale despite COVID-19 restrictions

Averages hold up at virtual auction
Lot 191: Colt by Exceed And Excel x Serious Satire

The Darley stalwarts Exceed And Excel and Lonhro took up their usual places among the top-selling stallions on a most unusual day-one of the Inglis Australian Easter Sale in Sydney on Tuesday, 7 April.

Exceed And Excel finished the opening session as leading sire by average with three or more sold, the best of his three to sell, a colt from the More Than Ready mare Serious Satire making $760,000.

His long-time companion at Kelvinside, Lonhro, had his usual admirers, the best of his three to sell, a colt from the Redoute’s Choice mare Mining Tycoon fetching $460,000 on a day when the average settled at $307,000.

With COVID-19 restrictions in force, Australia’s longest-running bloodstock auction took place as a virtual event with most vendors and all horses and grooms at home on their farms and with buyers scattered around the world.

While the auctioneers delivered their well-practised lines to a largely on-line audience, buyers registered their bids electronically or by phone. 

One such buyer was the Hong Kong Jockey Club which bid the $760,000 for Lot 191, the Exceed And Excel colt out of Serious Satire offered by Willow Park Stud.

The colt is his dam’s first foal and a member of a strong New Zealand family that includes New Zealand champion sprinter Star Satire and her daughter Zarzuela, a three-time Stakes winner.

Exceed And Excel’s next best was Lot 116 from the Sledmere Stud draft, a filly from Ocean Tears,  a half-sister to multiple stakeswinner Hips Don’t Lie, the dam of Stakes winners Ennis Hill and Lake Geneva, who sold to bloodstock agent Dean Hawthorne for $600,000.


Lot 64: Colt by Lonhro x Mining Tycoon

Lonhro’s major contribution was Lot 64, the colt from Mining Tycoon.

Offered by Segenhoe Stud, the colt sold for $460,000 to Newgate Farm and China Horse Club who were represented by bloodstock agent Michael Wallace who monitored the sale from the United States.

“These are trying circumstances,” Wallace said.

“The boot seems to be on the other foot so far – the buyers have the upper hand.”

With no horses present, inspections having taken place at the various farms over the past month, and with a second-round sale of those horses withdrawn or passed-in this week scheduled for July, clearance rates were understandably low at 61 per cent.

But the average of $307,000 compared well, under the circumstances, to $353,000 at the same sale last year with three yearlings selling for $1 million or more.

Said Inglis Managing Director Mark Webster “I didn’t think we’d sell a single yearling for $1 million, but we’ve sold three on the first day.”

“If you’d offered me this result a week ago, I’d have grabbed it with both hands.”

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