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Inglis Easter Yearling Sale 2020

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kavg View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kavg Quote  Post ReplyReply Direct Link To This Post Posted: 25 Mar 2020 at 4:08pm
Spearmint,as Glencoe and myself have mentioned there will be plenty of deals that have already been made and those sales will go ahead. I assume some of the big serious buyers and trainers may have done farm inspections in the past few weeks and they may go ahead.

But you would have to think that many will simply bypass the situation unless due to the circumstances prices are so low that buyers may take the risk.
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Red Hare View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Red Hare Quote  Post ReplyReply Direct Link To This Post Posted: 25 Mar 2020 at 11:44pm
Originally posted by Spearmint Spearmint wrote:

do they have that " look " in the eye.

The good face?... baseball spawned an entire movement to prove the antithesis of such thinking.

Take the work promoted by brogers, and others, with regard to video analysis of stride length. I’ll be very interested to see whether the ‘Moneyball’ types are putting their hands in their pockets - especially now that the sellers are having to up their digital game.

I think there’s a very profitable gap to be filled here.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Gay3 Quote  Post ReplyReply Direct Link To This Post Posted: 26 Mar 2020 at 9:09pm
The Inglis 2020 Sydney Easter Yearling Sale has been dealt a massive blow after one of Australia’s leading studs pulled out due to auction changes caused by the coronavirus pandemic.

Arrowfield Stud confirmed they will no longer take part in the sale and will instead sell their horses privately after the sale was forced to move online this week.

Inglis were forced to move the Easter Sale online on Tuesday following an announcement by Prime Minister Scott Morrison of a tightening of rules surrounding businesses and gatherings to combat the spread of COVID-19.

It meant the Easter Sale, which was set to be held on Sunday April 5 and Monday April 6 at Inglis’ complex at Warwick Farm, would be unable to go ahead in its normal format, forcing Inglis to head to an online bidding platform.

Arrowfield Stud boss John Messara stressed the breeding powerhouse’s decision to withdraw their yearlings was through no fault of Inglis but said it was a call they had to make.

“It was a risk that we weren’t prepared to take,” Messara told Racenet.

“We regret having to do it but the switch to online was not what we bargained for originally.

“Inglis have done a great job and like everyone they are caught in a tough situation.

“We can’t be at our farm on an online sale that might or might not work, so we have decided to sell our yearlings ourselves."

Messara said Arrowfield expected the current draft to fetch between $20 and $25 million at the sales and expects the stud will still have interest from current clients despite selling independently.

There was also some talk that Widden Stud would be taking a similar step but owner Antony Thompson said that was “100% not correct" when contacted by Racenet.

* Racenet has contacted Inglis for comment and will update the story when we receive a response.

Experience is something you gain a few minutes after you could have used it!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Red Hare Quote  Post ReplyReply Direct Link To This Post Posted: 26 Mar 2020 at 9:19pm
So, business as usual then?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Red Hare Quote  Post ReplyReply Direct Link To This Post Posted: 30 Mar 2020 at 9:38pm
With the Arrowfield withdrawals, there are currently:

6 Dundeel, down from 15 (0 from other drafts) - $27.5k fee
3 Shalaa, down from 13 (1 from other drafts) - $33k fee
17 NASD, down from 25 (2 from other drafts) - $88k fee
5 Redoute's Choice, down from 10 (1 from other drafts) - $137.5k fee
31 Snitzel, down from 67 (9 from other drafts) - $176k fee

Remaining vendors of the last three in particular must be a tad concerned. Deals aside, that's a $100-200k line on the books, and I don't think you send a mare to Snitzel hoping to break even.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Red Hare Quote  Post ReplyReply Direct Link To This Post Posted: 30 Mar 2020 at 9:39pm
** the figures from 'other drafts' refer to withdrawals.
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