Australian Pacing Gold (APG), the industry’s not-for profit standardbred yearling sales company, is excited to announce that following four successive years of record sales averages, we will shortly be calling for nominations for our 2023 Neds APG Yearling sales.
APG’s Queensland sale will be conducted on the Gold Coast on 22 January 2023 whilst our Western Australian sale will be conducted in Perth’s Swan Valley on 26 February 2023.
In 2022, both these sales produced record turnover, record sales averages and high clearance rates for vendors, with the advantage for purchasers being that their yearling(s), once sustained, became eligible for APG’s rich locally based sales races and race series.
The great news for vendors and buyers alike is that as we head into 2023, APG’s Gold Coast and Perth sales will be backed by APG’s richest ever sales races in each state, with all sales races to be exclusively restricted to the horses offered for sale at the relevant APG sale (i.e. non-sale entries will not be permitted).
Whilst APG’s Board and management are excited by what lays ahead for our 2023 Gold Coast & Perth Sales, it is with a high degree of disappointment that APG’s Directors have made the decision to suspend our Melbourne and Sydney Sales for 2023.
In discussions with several of our existing major vendors in Victoria and NSW, it became evident that whilst a number of strong and valued vendors were willing to make a firm and full commitment to APG, there were other significant existing consignors that expressed an intention to explore other options.
As a consequence of their decisions, APG cannot be confident of having sufficient yearling entries in NSW or Victoria to cover its 2023 sales costs and provide the kind of industry-leading sale-linked race series for which we are renowned.
Accordingly, the Board has taken the disappointing, but commercially responsible decision to suspend APG’s Melbourne and Sydney Sales until such time as we are confident that there is sufficient vendor support to enable APG to sustainably fund a first-class sale and race series in those states.
APG Chairman, Robert Marshall advised that the APG Board was reluctant to make this decision but that it was the prudent one for APG at the moment.
“In the same way that some of our once-loyal vendors have indicated that they would be choosing their sales company in 2023 based purely on a ‘business decision’, APG has determined, for the same reason, to step away from sales in NSW and Victoria for the time being.
“APG will review its position in NSW and Victoria following the conclusion of the 2023 sales with a view to once again offering sales in both Melbourne and Sydney if sufficient support exists for APG to one again sustainably fund a first-class sale and industry-leading race series.
“In the meantime, APG looks forward to conducting our incredible race-series in the coming years for yearlings sold through our sales in 2020, 2021 and 2022. Our decision about the 2023 sales will not have any impact on existing race series, with these proceeding with advertised prizemoney and bonuses.
“Some will be very disappointed by this news,” Marshall said. “We too are disappointed but hope that vendors will re-think the benefits of supporting an industry owned not-for-profit sales company in 2024 and beyond. In the meantime, all I can say, on behalf of the Board and Management of APG, is that we wish all vendors and purchasers the very best in 2023.”
For Further Information please contact Dean Baring on 0459 213 333.