UP, UP and away (hopefully to the winners’ circle) is the best way to describe the results of yesterday’s Australian Pacing Gold Sale in Brisbane.
With a tremendous depth in quality yearlings on offer, the sale’s average increased, gross turnover is up and interstate interest was at a level never seen before!
On top of that, local interest was at an all-time high as records plummeted.
The lots averaged $29,250 – almost $11,000 more than last season’s average.
In what is a positive sign for the breeding industry 12 months ago, 2019’s sale saw an eight per cent increase on 2018!
Mirroring the averages, gross turnover has once again skyrocketed.
Pleased with the four per cent increase 2019 delivered, APG is “absolutely thrilled” the 2020 edition has seen an extra $300,000 spent, leading to $819,000 in turnover.
Then there is the pacing clearance rate, with sits at 76 per cent – a remarkable 13 per cent higher than last year.
Of the prices, five lots sold for more than $50,000, including a record $77,500 for Lot 31.
Prominent Victorian breeder Ian Slater purchased the colt by Always B Miki from Victree Bette.
On the topic of Always B Miki, he is off to sensational start in Australia, with his stock averaging more than $53,000.
A list of results, including those passed in and their reserves is available on the APG website at http://www.apgold.com.au/yearling-sales/2020-sales/
HOOFNOTE: Four Lots were sold this morning, leaving just a few remaining to achieve a 100 per cent clearance.