At A Glance
The 2024 Inglis HTBA Yearling Sale saw 224 lots catalogued, a decrease from the 300 catalogued in last year’s sale. The current clearance rate stands at 74 per cent, with 150 yearlings sold. In comparison, the 2023 sale saw 219 lots sold at a clearance rate of 82 per cent.
The 2024 Inglis HTBA Yearling Sale grossed a total of $2,932,000, below the 2023 edition which saw a total gross of $4,500,500, despite having 76 fewer horses catalogued. The average currently sits at $19,547, with a median of $10,000, slightly below last year’s average of $20,550 and median of $12,000.
Newgate Farm’s Group 1-producing sire Tassort emerged as the leading sire of the 2024 Inglis HTBA Yearling Sale. Tassort was represented by three lots grossing $225,000, averaging $75,000 with a median of $60,000. The overall top price of the sale, $150,000, was achieved for Lot 300.
The top price of $150,000 was significantly below last year’s recorded top price of $280,000.
Kingstar Farm, based in Denman, finished as the leading vendor, selling 14 of its cataloged lots for a gross of $477,500. Kingstar Farm recorded an average of $34,107 and a median of $22,500. The top price achieved was $120,000 for Lot 119, a colt by its resident sire Time To Reign.
JCS Thoroughbreds and P Moffatt concluded the 2024 Inglis HTBA Yearling Sale as the leading buyer, spending $160,000 on two lots. They recorded an average and median of $80,000, with a top price of $90,000 for Lot 59, a colt by Brutal (NZ).
The 2024 Inglis HTBA Yearling Sale concluded on Sunday, with a top price of $150,000 handed over for a colt (Lot 85) by Newgate Farm’s second-season sire Tassort.
Speaking at the conclusion of the sale, Inglis’ CEO - Bloodstock and Sales Sebastian Hutch told The Thoroughbred Report, “The 2024 Inglis HTBA Yearling Sale concluded within a reasonable range of the equivalent last year. All the key metrics are within the same stage 12 months ago.
“We had 16 lots realise $50,000 or more compared to 21 last year. Admittedly, we had a significantly larger catalogue 12 months ago, which can facilitate more higher-priced lots.
“We had 16 lots realise $50,000 or more compared to 21 last year. Admittedly, we had a significantly larger catalogue 12 months ago, which can facilitate more higher-priced lots.” - Sebastian Hutch
“The average, median and the clearance rate are within a few percentage points of last year. I mean the reality is we’re pleased with the buyers engaged at the sale but we’d like to be able to deliver a better set of metrics for our vendors. Ultimately, the buyers came, they appraised horses, and they bought what they liked and it was more difficult for vendors to meet the market with those horses that didn’t find favour with the majority of buyers.
“The market is judging what they perceive to be the lesser horses harshly. That’s understable in an environment where people operating at the value end of the market have no shortage of choice of stock to invest in.
“For people regularly looking at yearlings, they are regularly offered through the Inglis Digital Sale and that’s also the option for people to invest in and trade horses throughout the year. So, in terms of the supply and demand equation those people are blessed with ample supply and then that affects their demand at certain levels of the market.
Sebastian Hutch | Image courtesy of Inglis
“I think there will be people that go away from the sale who’ve had some fantastic results and I don’t doubt for a second that there’ll be people who bought a really good racehorse today. However, the reality is that there are challenges in this part of the market, and they’ll be some tough decisions to make for people who are participating at this level of the market.”
Young Newgate sires popular at HTBA
Newgate Farm’s rising stars, Tassort and Brutal (NZ), received a warm reception for their offspring on Sunday's showcase.
Tassort, a son of Brazen Beau and recently announced to stand the 2024 breeding season with a fee of $38,500 (inc GST), a significant leap from last year's $11,000 (inc GST), proudly sired the highest-priced yearling of the sale, Lot 85.
Additionally, Tassort was also crowned the leading sire at the 2024 Inglis HTBA Yearling Sale.
Gallery: Newgate Farm’s rising stars, Tassort and Brutal, received a warm reception for their offspring on Sunday's showcase, standing at Newgate Farm
Presented by Riversdale, Lot 85 swiftly garnered the attention of Kennewell Racing and Group 1 Bloodstock (FBAA) who secured the bid.
This colt is the first foal from the winning Snitzel mare, Raahiyah, who is from the family of the G2 Edward Manifold S. and G2 AV Kewney S. winner, Badawiya (Al Maher).
Tassort has kicked off his stud career in style, boasting six individual winners of 11 races. Among his notable progeny stands the accomplished G1 Sires’ Produce S. victress, Manaal, who also achieved victories in the G3 Gimcrack S. and the G2 Sweet Embrace S.
Lot 85 - Tassort x Raahiyah (colt) | Image courtesy of Inglis
His companion in the barn, Brutal (NZ), has also showcased promise in his stud career, with five individual winners under his belt.
Lot 59, a colt by the G1 Doncaster H. victor was presented by Rheinwood Pastoral who fetched $90,000 from JCS Thoroughbreds and P Moffatt.
Lot 59 is the third offspring from the Manhattan Rain mare, New Summer Night, a five-time race winner herself. She is a daughter of the Listed winner, Beauty School (Royal Academy {USA}) and from the family, which includes the illustrious G1 Golden Slipper victor, Farnan.
Lot 59 - Brutal (NZ) x New Summer Night (colt) | Image courtesy of Inglis
Also leaving an impression was Cosmic Force, represented by Lot 43, a colt offered by Mane Lodge, who was snapped up by Cody Morgan Racing for $50,000.
Time To Reign leads the way for Kingstar Farm
The team at Kingstar Farm were all smiles as Lot 119, a colt by its resident sire Time To Reign, fetched $120,000 from Tullimbar.
Time To Reign, a half-brother to the G1 Golden Slipper and G1 Moir S. victress, She Will Reign (Manhattan Rain), is set to be represented by his debut runners this spring.
Lot 119 - Time to Reign x Sweet Bouquet (colt) | Image courtesy of Inglis
Lot 119 is the second foal from the well-related Dream Ahead (USA) mare, Sweet Bouquet. She is a half-sister to the G2 Skyline S. victor, Santos, and the G3 Yukan Fuji Sho Ocean S. winner, Melagrana (Fastnet Rock). Notably, the G3 Chairman’s S. victor, Sebonack (Capitalist), also shares a close familial tie.
Kingstar Farm clinched the title of leading vendor at the 2024 Inglis HTBA Yearling Sale, selling 14 of its catalogued lots for a gross of $477,500. Their yearlings fetched an impressive average of $34,107, with a median of $22,500.
Hellbent filly popular
Widden Stud presented Lot 147, a filly by Yarraman Park Stud’s Hellbent, the sire of the recent G1 All-Aged S. victress Magic Time and the G1 Robert Sangster-placed Benedetta.
The bay filly was sold for $115,000 to Payne Racing. She is the ninth foal from Another Sunday (Redoute’s Choice), who is the dam of the G3 Magic Night S. placed Blanc De Blanc (I Am Invincible).
Lot 147 - Hellbent x Another Sunday (filly) | Image courtesy of Inglis
The filly hails from the family of the dual Group 1 winner King’s Legacy, the Group 1-winning and the multiple Group 1-placed Oohood (I Am Invincible) and the outstanding sire Not A Single Doubt.
Top Lots
| 85 | Colt | Tassort | Riversdale | Kennewell Racing / Group 1 Bloodstock (FBAA), VIC | $150,000 |
| 119 | Colt | Time to Reign | Kingstar Farm | Tullimbar Pty Ltd, NSW | $120,000 |
| 147 | Filly | Hellbent | Widden Stud | Payne Racing, NSW | $115,000 |
| 59 | Colt | Brutal (NZ) | Rheinwood Pastoral Co | JCS Thoroughbreds / P Moffatt, VIC | $90,000 |
| 167 | Filly | North Pacific | Kingstar Farm | Doyle Racing, NSW | $90,000 |
| 221 | Colt | Flying Artie | Widden Stud | P Ho, HONG KONG | $80,000 |
| 86 | Colt | Zousain | Mullaglass Stud, Scone | JCS Thoroughbreds / P Moffatt, VIC | $70,000 |
| 141 | Filly | Capitalist | Kingstar Farm | D O'Sullivan, QLD | $70,000 |
| 60 | Filly | Dundeel (NZ) | Taghadoe Stud | miRunners Racing No.2, NSW | $67,500 |
| 189 | Colt | Peltzer | Twin Hills Stud | Darby Racing, NSW | $65,000 |
