Breeders happy with Easter yearling sale

HUNTER thoroughbred breeders will remember the 2012 Easter Yearling sales for consistency in the face of tough competition from poor economic conditions.

The sales ended yesterday with Hunter studs Coolmore, Yarraman Park, Edinglassie and Kia-Ora recording special highlights.

Coolmore headed the vendors’ list after two days, selling 21 lots for more than $5million.

Yarraman Park, Edinglassie and Kia-Ora managed a 100per cent clearance rate at the end of the second day, netting $7.89million for their combined 32 lots.

Yarraman Park’s Arthur Mitchell said yesterday the sale could be remembered for its consistent prices and sustained demand.

‘‘We could have done a lot worse the way the economy is,’’ Mr Mitchell said.

He said his offerings were bought by overseas clients who will race their acquisitions in Australia.

One of Mr Mitchell’s best prices was $500,000 for a Bernadini colt bought by Darley Australia.

Cressfield of Scone sold a Redoute’s Choice colt for $600,000 to James Bester Bloodstock, Scone’s Kitchwin Hills Stud sold a Dane Shadow filly for $560,000 to Belmont Bloodstock of Victoria, Twin Palms Stud of Luskintyre sold a More Than Ready colt to Segenhoe Thoroughbreds for $500,000 and Arrowfield Stud sold a Charge Forward filly to Bright International of Japan for $520,000.

The final day of the sales was subdued compared with days one and two.

At the end of day two, 120 yearlings were sold at an average of $238,583 and median of $180,000.

These figures were in line with 2011’s overall average of $238,260 and median of $180,000. The clearance rates were about 79per cent.

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