The circumstances were certainly unique however, William Inglis and Son has hailed its 2020 Australian Easter Yearling Sale an unqualified success.
At the conclusion of the two-day sale, conducted online, 214 of the 345 yearlings offered sold, grossing $68,050,500, at an average of $318,040 and median of $250,000 with the clearance rate at 62%.
In 2019 renewal 349grossed $123,375,500 at an average of $353,511 and median.
Managing Director Mark Webster (pictured) praised everyone concerned at the end of the sale.
“We have seen the best of the industry over the past few weeks,” Webster said. “The vendors have helped each other, having other people’s drafts on their farms.
“Our team here have done an incredible job in pulling this together. It is such a relief that is for sure. We are aware of what is happening around the world and we can’t change that, but here at Inglis we have respected all the rules regarding biosecurity.
“However, we needed to get these horses sold, we need to keep cash flow moving within the industry amongst the breeders and they need to back up in the spring and breed again otherwise we won’t have yearlings to offer.
“The trainers, vendors and agents all still need to make a living, which is really important, not just for the racing industry, but for the economy in general. I do feel we have played our small part in keeping the economy going.”