Looking back on a 2022 season to remember, TDN AusNZ spoke to Inglis Bloodstock CEO Sebastian Hutch who reflects on the hard work behind the results, and the hard work which has already started in anticipation of the 2023 season
Inglis enjoyed a record-breaking 2022 season, where 1829 yearlings sold at a clearance rate of 89 per cent and an average of $151,534. Inglis’ yearling turnover at live auctions was $320,948,000 and 20 lots made seven figures, with the most expensive yearling being at the Easter Sale, where it took $3 million for Tom Magnier to secure Lot 434, a colt by Zoustar out of Solar Charged (Charge Forward) making him a brother to Sunlight.
Lot 434 at the Inglis Easter Sale - Zoustar x Solar Charged (colt), realised $3 million to the bid of Tom Magnier | Image courtesy of Inglis
Furthermore, Inglis had 1032 yearlings sell for in excess of $100,000, while the gross at their Classic, Premier, and Easter rose significantly (Classic was up 25.3 per cent, Premier 18.7 per cent and Easter 13.7 per cent).
The number of buyers at each sale also continued to grow, with a minimum of 55 buyers per 100 horses sold across each of the sales comprising the Inglis Yearling Sales Series.
Inglis Bloodstock CEO Sebastian Hutch said the results were most pleasing, while thanking vendors for supporting the Sales Series.
Sebastian Hutch | Image courtesy of Inglis
“In advance of the 2022 yearling sales, we asked vendors for their support on the premise that Inglis would deliver the best results and, thanks to the tremendous support that we received, we did,” Hutch said.
“There is a determination among our entire team at Inglis to offer our clients the highest possible standards of service from the inspection period right the way through to the fall of the hammer and we are working to continue to develop this further for the coming season.”
Inglis has now turned its attention to building the yearling catalogues for the 2023 sales season, with entries set to close on Friday, August 12.
Lot 313 - Extreme Choice x To Dubawi Go (colt) was a highlight of the 2022 Inglis Easter Sale, being secured by a Newgate-led syndicate for $825,000 | Image courtesy of Inglis
The season will kick off with the Classic Yearling Sale, which will take place at Riverside in Sydney between February 12-14. The series then moves to Melbourne, where Oaklands will host the Premier Sale from March 5-7, before returning to Riverside for the Easter Sale (April 3-4). The HTBA Sale is slated to be conducted at Riverside on April 23, with the curtain coming down at the Oaklands-based Gold Sale on May 15.
“I can assure breeders and vendors that we will continue to work relentlessly to ensure the strongest possible representation of buyers at each of our sales so as to continue to ensure market-leading results,” Hutch explained.
“We pride ourselves on getting the biggest and best buying bench to each of our sales and that was evident this year, with extraordinary buyer statistics across each of the Classic, Premier, Easter, Gold and HTBA Yearling Sales.
“We pride ourselves on getting the biggest and best buying bench to each of our sales and that was evident this year, with extraordinary buyer statistics across each of the Classic, Premier, Easter, Gold and HTBA Yearling Sales.” - Sebastian Hutch
“We work all year round on developing buyers domestically and internationally.
“A number of our team already have made trips internationally to canvass buyers for the 2023 series and with an extensive schedule of international trips scheduled for the balance of the year, as well as our comprehensive work domestically, no stone will be left unturned in our efforts to deliver the best results for vendors.
“Our bloodstock team will inspect more than 4000 horses over the next couple of months all around Australia and New Zealand where we will work with the vendors to identify the best sale to target for their yearlings to achieve the best results for them and their clients.
“We are continually grateful for the ongoing support we receive from breeders and vendors and we can’t wait to deal with them again as we strive to achieve more fantastic results in 2023.’’
