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Inglis Classic 2019

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linghi11 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote linghi11 Quote  Post ReplyReply Direct Link To This Post Posted: 12 Feb 2019 at 5:58pm
Has anyone seen lot 26? If not, could anyone ther have a quick look for me? Would be greatly appreciated
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Glencoe View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Glencoe Quote  Post ReplyReply Direct Link To This Post Posted: 12 Feb 2019 at 9:05pm
Attractive appearance/ nice type.  Must be an issue for a reserve of $20k
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Glencoe Quote  Post ReplyReply Direct Link To This Post Posted: 12 Feb 2019 at 9:17pm
in reply to second chance did not see any of today's auction.
585 sold well above his page bought by the stallion/colt syndicators
622 must have been compromised in some way
674 was the steal of the sale . purchased by a very astute judge. Was in the wrong sale     would have been  much much dearer in Melb P2 or Adelaide. I have left a message with purchaser re a share.
 
Lot 609 presents a conundrum for me Visually impressive but I am very circumspect !
 
We will all be much wiser by the winter of '21 but I would put money on 585
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linghi11 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote linghi11 Quote  Post ReplyReply Direct Link To This Post Posted: 12 Feb 2019 at 10:58pm
Originally posted by Glencoe Glencoe wrote:


Attractive appearance/ nice type.  Must be an issue for a reserve of $20k

Looks like a nice 3yo type - hence I was asking whether there’s something wrong with her from another angle, or if the sire/3yo types are not in fashion.
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acacia alba View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote acacia alba Quote  Post ReplyReply Direct Link To This Post Posted: 12 Feb 2019 at 11:41pm
any opinions on lot 362 ???  
animals before people.
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Shrunk in the Wash View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Shrunk in the Wash Quote  Post ReplyReply Direct Link To This Post Posted: 13 Feb 2019 at 7:53am
For only 10k I’d say great value
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Shrunk in the Wash Quote  Post ReplyReply Direct Link To This Post Posted: 14 Feb 2019 at 6:11pm
Originally posted by robbo robbo wrote:

Catalogues are available for next year's Classic sale at https://inglis.com.au/sales/info/2019+Classic+Yearling+Sale

There appeared to be a seismic shift in the nature of this sale in 2018, which coincided with it being the first sale in the new Riverside complex. Average for Book 1 was $93K, up from $71K the prior year. As a result they have extended to 1,000 lots by adding a "Highway Session" on 14th February.

It's an important sale for me as it is the first time I've offered a yearling at a Major Sale - a bit of a bucket list moment. I am very much hoping the Highway Session holds up and is like the old Summer Sale where trainers bought more on type than page. It's going to be a nervous few months.

https://inglis.com.au/sales/info/2019+Classic+Yearling+Sale/catalogue/870


13k for Robbos horse
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Second Chance View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 14 Feb 2019 at 6:41pm
You have to be careful.

Trainer friend was interested in a filly which was subsequently knocked down to him, however an adverse endoscopy resulted in the sale being quickly voided.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sir Gov Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2019 at 7:58am
Had a vendor (QLD based) say xrays & scope were all good.

Had the filly vetted & comes out with an issue on xray but also a Grade 3 scope!

Never trust that vendor again & a few know about it too!
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Post Options Post Options   Thanks (1) Thanks(1)   Quote robbo Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2019 at 5:48pm
Originally posted by Shrunk in the Wash Shrunk in the Wash wrote:

Originally posted by robbo robbo wrote:

Catalogues are available for next year's Classic sale at https://inglis.com.au/sales/info/2019+Classic+Yearling+Sale

There appeared to be a seismic shift in the nature of this sale in 2018, which coincided with it being the first sale in the new Riverside complex. Average for Book 1 was $93K, up from $71K the prior year. As a result they have extended to 1,000 lots by adding a "Highway Session" on 14th February.

It's an important sale for me as it is the first time I've offered a yearling at a Major Sale - a bit of a bucket list moment. I am very much hoping the Highway Session holds up and is like the old Summer Sale where trainers bought more on type than page. It's going to be a nervous few months.

https://inglis.com.au/sales/info/2019+Classic+Yearling+Sale/catalogue/870


13k for Robbos horse



Yep - and a result that, on balance was pretty good.

Yesterday was a very stressful day. I went to the races on Wednesday expecting to see a vibrant sales complex full of provincial and country trainers inspecting horses, but nothing could have been further from the truth. You could have fired a gun through the Riverside complex. At this point vendors became very worries, especially after the softness towards the latter stages of the main sale. Some withdrew their lots on Wednesday evening and many more spoke about it.

Come sale time at 10:00 yesterday morning, there were more horses than buyers and the buyers that were there were sitting on their hands, causing horses to pass in and then seeking to negotiate with what they were hoping was a desperate vendor. Those buyers that were there were looking for trade horses for Asia and/or ready to run types, and a big, gangly Roman Emperor wasn't going to fit the bill. Lovely colt but needs time and the buyers there didn't have it.

I revisited the reserve to what was reasonable and then in the sale used the trick rem286 referred to above by putting him "on the market" below the reserve to get a few more bids. It partially worked and at the 13K he is more or less a break-even result.

What is particularly pleasing, however, is that Michael Hickmott bought him and he will be trained either by Michael or his brother Robert. Michael said that he will geld him and then turn him out for twelve months, which was music to my ears. So he goes to a good home that understands how to train horses to get a trip and gives the mare every chance. To my mind, that's worth more than a couple of extra bids in the sale-ring.

It was an interesting experience - great to be on the other side. Not great for the blood pressure, though.
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Second Chance View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2019 at 5:53pm
Mentioned to the other half that you and many others would have been sh1tting bricks given that the bottom had fallen out of the market quite some time earlier.

Great to see you were happy enough Robbo, if not exactly ecstatic.Thumbs Up


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Post Options Post Options   Thanks (0) Thanks(0)   Quote robbo Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2019 at 5:54pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote robbo Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2019 at 5:57pm
Originally posted by Second Chance Second Chance wrote:

Mentioned to the other half that you and many others would have been sh1tting bricks given that the bottom had fallen out of the market quite some time earlier.

Great to see you were happy enough Robbo, if not exactly ecstatic.Thumbs Up




Thanks mate. I must say that the market (and indeed the atmosphere) did improve later in the day as more trainers arrived. Whoever put barrier trials on at the same day as the sales needs to find a new job.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Shrunk in the Wash Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2019 at 6:37pm
Roobo, I think you may have been a victim of the greedy auctioneers
Whilst i may not be a major player the mere size of the sale did my head in.
They got greedy. Way too many lots and many probably would have been better kept for the likes of Scone
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2019 at 6:47pm
I reckon Shrunk is correct.

This is part of a pm I sent to a very good TBV member who was a bit shaky about his lot in another sale:

Last year's Classic sale was the first at the new Warwick Farm complex, and Inglis spent huge money promoting the sale plus they also extended far more lenient credit to buyers than they had before.  And the sale was a huge success.

This year there hasn't been so much hype, and credit back to normal.  On top of that they have 200 more in this year's catalog which has diluted pedigree quality, and I've been told by quite a few sources that the quality of yearlings is extremely mixed.  All those factors have appeared to have negatively affected sale prices.  Have never seen so many sold in the $15-30k range, compared with last year when the bottom of the market was quite a bit higher.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote robbo Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2019 at 6:56pm
The lenient credit was a massive issue and something I hadn’t appreciated until
this week. Lots of debt from last years sale remains unpaid and commercially precluded many potential buyers from investing this year.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Glencoe Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2019 at 9:10pm
This horse has potential & all the Hickmott family can train. this horse will improve the pedigree page in 3 years time
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Glencoe Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2019 at 9:11pm
Does he have a splint on his off-fore?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote robbo Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2019 at 9:34pm
Nope. Just the photo.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rem286 Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2019 at 9:35pm
I was at the sale when your bloke went through robbo and I really felt for you.  My mate had a similar result with his filly.

Some of the problems at this sale:

1. Way too big for this sort of sale
2. Too many of the big studs were using it to get rid of their excess horse flesh after the drought.  I inspected a lot of the book 1 horses and it was full of horses that lacked substance and had horrible looking joints/bone structure.
3.  Only a couple of the big studs stuck around for book 2.  Doesn't send a real positive outlook on the second session for the buying bench.
4.  Soooo much hotter at Warwick Farm compared to Newmarket at this time of year.  The horses didn't appreciate it and neither did the buyers or vendors.

And what does Inglis say?  "If you take out the cheapest 200 lots the average wasn't too bad"
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rem286 Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2019 at 9:37pm
In reference to point 2 above, I think this really hurt the sale.  Everyone you talked to said there was so many poor horses that the good ones would stand out and go for overs.  Buyers also lose interest/confidence when they keep on looking at bad types.  Book 2 suffered because of book 1.  I actually like more horses in the second book but most people wouldn't have bothered with it because of how bad book 1 was
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Post Options Post Options   Thanks (1) Thanks(1)   Quote linghi11 Quote  Post ReplyReply Direct Link To This Post Posted: 18 Feb 2019 at 11:50am
I heard Inglis were extremely tight offering terms this year, so that caused the rather poor sale. Doesn’t help the vendors one bit. At $13k you’re better off racing yourself or leasing. In fact, with prizemoney the way it is now, leasing is the way forward if you can’t get a return at the sales.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote rem286 Quote  Post ReplyReply Direct Link To This Post Posted: 18 Feb 2019 at 1:44pm
That is what we do with any fillies we don't get a return on.  Lease them out, get a chunk of the prizemoney if they do any good and you have a broodmare at the end of it.
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