Australian Auction Info
Thoroughbred prices surged on the first day of Australia’s Easter Yearling Sale as gains in the stock market helped to spur demand for million-dollar racehorses.
The opening 79 lots sold in the sale’s first session averaged A$261,000 ($192,000) today compared with last year’s record of A$207,633, when 436 horses were sold over the event’s three days. Prices at the Sydney sale, the world’s third-biggest auction of year-old foals, may beat last year’s, said Jonathan D’Arcy, a director at auctioneer William Inglis & Son. Ltd.

Posted: 04|19|06 at 7:26 am. Filed under: Auction News.