Top North American freshman sire of 2015, Uncle Mo, was part of the leading sires at this past weekend’s Inglis classic yearling sale, which was held in Australia. All key market indicators were recording breaking, and the event also finished with a clearance rate of 90 percent.
Uncle Mo saw seven of his yearlings put through the ring, and they brought in an aggregate total of AUS $756,000 ($535,434 USD). The average Uncle Mo yearling sold for AUS $108,000 ($76,490 USD).
“He is a very balanced horse and handled the last four or five days very well without putting a foot out of line,” said Michael Wallace, bidding on China Horse Club’s behalf. “He’s got a good temperament on him and he’s an early type of horse. We will get going with him and see where we end up.”
The three-day auction event saw increases in year-to-year totals (37 percent jump), and median sale (up 47 percent). Total receipts doubled, from AUS $13 million to $26.7 million. Showing how strong the event was, 36 individual vendors combined to sell 69 yearlings for at least AUS $100,000.
“The competition is as strong as I’ve ever witnessed at Newmarket, with an outstanding 44 vendors recording 100% clearance,” said Inglis National Bloodstock Director Jonathan D’Arcy.
The overall top sale was a record-breaking AUS $410,000 for a colt sired by I Am Invincible.