Thoroughbred prices bolting as Easter Yearling Sale surpasses $132 million

Australian thoroughbred prices have been riding high this year and the Easter Yearling Sale in Sydney was no exception, grossing more than $132 million this week.

The top price at the sale was a colt by Snitzel which sold for $2.5 million.

"It was just a spectacular result," said Inglis managing director Mark Webster.

"We traded $132 million which is the highest turnover since the pre-global financial crisis days in 2008.

"The average price of the yearlings was $371,236 … and we sold 22 yearlings for $1 million or more — which is not a record, but it's a significant result, particularly noting it's been done during the COVID period and we had very few international buyers."

Please click here to read the rest of the article as it appears on the ABC News website.

Article written by: Matt Brann, Mike Pritchard and Bridget Murphy