The full catalogue for the iconic Inglis Australian Easter Yearling Sale, featuring 514 yearlings, and to be held on April 7 and 8, has been released with the usual array of deep pedigrees set to be backed up by the elite physical types by 58 different stallions.
A focus this year for Inglis, according to General Manager of Bloodstock Sales and Marketing Sebastian Hutch, was to ensure a growth in the diversity of vendors. This has been achieved with 61 to sell in 2020, up from 50 in 2019.
"We’ve been very conscious of the expectations of what the Easter Yearling Sale will be in terms of both the perspective of vendors and buyers," Hutch told TDN AusNZ.
"Vendors expect it to be attended by investors at every level, not just domestically, but internationally, and achieve outstanding results. Fortunately, that was very much the case for the 2019 renewal.
"We were also very keen to make sure we retained a diversified group of vendors. Growing the group of vendors at the sale significantly was an important objective for us, which we’ve achieved."
"Growing the group of vendors at the sale significantly was an important objective for us, which we’ve achieved." - Sebastian Hutch
Hutch said that while returns to vendors is a key metric for success, so too is the ongoing performances of the sale's graduates, something which the substantial reputation of Easter has been built upon.
"Buyers expect to buy the best racehorses here, year in, year out and fortunately, that's been borne out by the results of the past two years. Easter has produced more Group 1 winning graduates than any other Australasian yearling sale since the start of 2018," Hutch said.
"We are very conscious of the status of the sale and we are really delighted with how the 2020 renewal has come together, noting that we set out with a very specific objective to retain the two-day format, growing the numbers, while having regard for the subtleties of balancing demand with the number of horses in the sale."
Sebastian Hutch
Numbers grow but quality retained
Indeed, the numbers in the catalogue have grown from 450 last year, but with still a strong focus on quality.
The catalogue contains siblings to 181 stakes winners, a list that contains 52 Group 1 winners, including the likes of The Autumn Sun (Redoute's Choice), Sunlight (Zoustar), Loving Gaby (I Am Invincible), Estijaab (Snitzel) and More Joyous (NZ) (More Than Ready {USA}), while there are also the progeny of 170 stakes winning mares including More Joyous, Srikandi (Dubawi {Ire}), First Seal (Fastnet Rock), Miss Finland (Redoute's Choice), Fenway (High Chaparral {Ire}), Plucky Belle (Mossman), Princess Coup (Encosta De Lago) and Snitzerland (Snitzel).
Progeny of Srikandi (pictured) along with other stakes winning mares are on offer
Hutch said that while the pages of the 514 yearlings on offer will further the Easter reputation for elite pedigrees, the depth of the catalogue very much flows through to the physical product on offer.
"There's an expectation that the pedigrees at Easter will be the best pedigrees that you will see in any yearling catalogue in Australasia and even in terms of an international context, the quality and depth of the pedigrees over a two-day format, would be as strong as you’d find at a sale anywhere in the world," he said.
"The quality and depth of the pedigrees over a two-day format, would be as strong as you’d find at a sale anywhere in the world." - Sebastian Hutch
"Similarly, we are conscious of presenting a physical product that appeals to the market. While pedigree is important, we have identified any number of what we perceive to be really nice horses that might not have what is said to be a traditional Easter pedigree, but we feel can sell very well in the market at Easter.
"We are in a fortunate position that the timing of the sale is suitable for a significant number of yearlings. The early part of the market may cater very well for those early maturing horses, but there are horses that benefit from some additional time to mature.
"They go to Easter and they have had an extra few months in the paddock and they present as more rounded, more mature yearlings, and that allows the buying bench to make an even more informed decision than what they would make earlier in the year."
Arrowfield Stud | 63 |
Coolmore | 36 |
Widden Stud | 26 |
Newgate Farm | 25 |
Newhaven Park | 19 |
Table: Vendor numbers
Value proven through graduate success
While million-dollar yearlings make the headline - there were 19 at last year's sale or over 5.4 per cent of those sold, Hutch said Inglis takes as much pride in those horses that can go on and perform at the top level off a much lower price point.
Gallery: Group 1 winners sold for $80,000 at the Inglis Easter Yearling Sale
"As we have been at pains to stress for the last 12 months, Easter is not just about expensive yearlings and big prices. It’s also about identifying nice horses at value. There have been three Group 1 winners since 2018 who have been sold for $80,000 apiece in Aristia, Funstar and Land of Plenty," he said.
"There is fantastic value to be found at the Sale. It's not just about identifying the yearlings that can go and make the most money. It’s about trying to find nice horses that there is going to be demand for right across the board and we feel we've done that."
International stallions drive cosmopolitan catalogue
The demand for international pedigrees has rarely been so strong in the Australian market, and indeed the sale-topper from the recent Magic Millions Gold Coast Yearling Sale was a colt by Deep Impact (Jpn), which sold for $1.9 million.
The international flavour will be strong at Easter as well, with four yearlings by Deep Impact, nine by Frankel (GB), two by Siyouni (Fr), three by Lord Kanaloa (Jpn), two by Into Mischief (USA) and one by Kitten's Joy (USA).
Four yearlings by Deep Impact (Jpn) (pictured) feature in the catalogue
"There's been a lot written about the importance of the diversity of the gene pool recently. That's an issue for breeders right around the world," Hutch said.
Hutch pointed out that Australian breeders have demonstrated an appetite to travel and identify the best sirelines and best pedigrees to bring back to Australia, whether that is through Australian mares mated to international stallions, or mares sourced internationally.
"Any efforts those breeders make in terms of trying to diversify the gene pool must be perceived as positive," he said.
"We are in a great position to be able to facilitate that during Easter, whether that be through Deep Impact or Frankel, Lord Kanaloa or Siyouni. There is also a positive response to those new stallions which have 'outcross pedigrees' already, horses like American Pharoah or Shalaa, they are all stallions well-represented at Easter."
Snitzel | 67 |
I Am Invincible | 48 |
Capitalist | 26 |
Not A Single Doubt | 25 |
American Pharoah (USA) | 25 |
Fastnet Rock | 24 |
Sebring | 24 |
Exceed And Excel | 18 |
Zoustar | 18 |
Pierro | 16 |
Table: Sires' numbers
Strong crop of freshmen set to pique interest
The demand for the progeny of the new crop of stallions drove record results on the Gold Coast, where they were 29 freshmen represented. It is a more select first season offering of 15 at Easter, making up exactly 100, or 19.4 per cent, of the catalogue, which Hutch says is what the quality of stock demanded.
"We appraise all the stock from the latter parts of the winter, through the spring and into the early summer, trying to identify the horses that we feel, in conjunction with the breeders, will sell well at Easter. We look at what is put in front of us," Hutch said.
"It happens that this is a crop where first season stallions, and rightly so given their quality, were exceptionally well-patronised by Australasian breeders." - Sebastian Hutch
"It happens that this is a crop where first season stallions, and rightly so given their quality, were exceptionally well-patronised by Australasian breeders and as a consequence, we looked at a lot of yearlings by young stallions."
Hutch said it was inevitable that Australia's next generation of leading sires will emerge out of the current group of young stallions.
"I think people can look at these horses with a level of confidence that they are going to produce good racehorses," he said. "In terms of Easter, we want the sale to continue to produce good racehorses and if breeders feel like they have the right horses for Easter and we agree, we are happy to have them here."
Hutch believes that 'people can look at these horses with a level of confidence that they are going to produce good racehorses.'
Optimism flows
With that mixture of international pedigrees, fresh stallions, and a massive flow of prizemoney across the industry over recent years, Hutch said there is every reason to be positive about what the market may do at Easter.
"There are an extraordinary number of reasons to be very optimistic about horse ownership in Australia. There are over 60 $1 million-plus races to be run in Australia in 2020, which is really quite extraordinary when you view that in an international context," he said.
"Returns to owners have never been so great and it's borne out by how the yearling market has begun the season. We are quietly optimistic that we are in line for a very positive yearling sales season, but by the same token, we are not complacent about the work that has to be done to ensure that vendors are given every opportunity to achieve good results with their stock."
Inglis Riverside Stables