The 2010 Melbourne Premier Sale commenced strongly today, with the opening day's trade up $2million on the corresponding session from 12 months ago.

More than $9 million was traded during today's session, with the average of $71,488 representing a 30% rise on the opening session last year. The median of $60,000 was a 33% gain on 2009.

Buyers found themselves competing with a strong contingent of interstate investors, with the buying bench bolstered further by representatives from Japan, New Zealand, Hong Kong, Singapore and South Africa.

The day's top priced yearling was a grey Exceed And Excel colt for $300,000.

Whilst the top filly was a Stratum for $200,000.

Dynamic Syndications only have a very select short list to bid on at the Melbourne sale and we have set very strict ceiling prices on them. If we can get what we want for the price we are happy to pay that's great. If not we are prepared to wait. With Adelaide on next week and The QTIS on the Gold Coast at the end of the month closely followed by Inglis Easter there are a hundreds of desirable yearlings to come that meet our criteria. So we will be patient and buy the best and leave the rest.