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85% Clearance Across 2015 Inglis Select Yearling Series
The 2015 Inglis Select Yearling Sale Series has drawn to a close with 2019 yearlings sold by Australia's leading thoroughbred auction house across their six sales at an overall clearance of 85%. "I would like to thank our vendors who entrusted us to get the best possible result for their yearlings, and to our purchasing clients who helped us to achieve a clearance rate in excess of 80% at each of our Select Yearling Sales in 2015," said Inglis' Managing Director Mark Webster. A record-breaking Inglis Classic Yearling Sale in February set the precedent for an outstanding year, setting new highs for gross ($19,178,000), clearance (86%) and average ($41,782) for the sale. The Inglis Premier Yearling Sale continued its upward spiral setting new record average ($95,886) and median ($80,000) prices, plus a seventh consecutive rise in gross receipts to new record levels ($48,651,000 overall). Greatness was achieved at Australia's benchmark yearling sale, the Inglis Easter Sale, with Session I statistics hitting seven year highs ($290,881 average) and Session II setting more records ($80,000 median), while the VOBIS Gold Yearling Sale improved for the third consecutive year since its inception grossing 37% more than in its founding year, and the HTBA Scone Yearling Sale closed the series with a clearance rate of 89%. "We catalogued 2% more yearlings than last year but thanks to an exceptional 85% clearance rate and 17% rise in average price we have been able to bring in gross receipts for our vendors up 24% to $186 million. I would like to thank the vendors, buyers and all Inglis staff for the tremendous team effort that has led to us achieving growth and clearance that is well ahead of the Australasian market," Webster added. Entries for the 2016 Inglis Select Yearling Sale Series will close in early August 2015.