The 2023 Inglis Classic Yearling Sale was another solid edition with 644 yearlings going through the ring at a clearance rate of 86%. The sale grossed $57m at an average of $102,808 and with a median of $80,000. While the figures were down on those achieved in 2022, they were up on the pre-covid Classic sale in 2020.
Many FBAA members commented on a slight shift in the market, which the statistics backed up. Compared to Book 1 in 2022, with the same number of yearlings sold, the gross was down $10m, while the average dropped by 17% and the median was down by 20%.
There was 21 FBAA accredited members who were involved in the purchase of 81 yearlings in Book 1 at a total spend of $10.5m. John Foote led the charge with 12 purchases for $1,730,000.