Wool producer Bill Husskisson travelled to the Sydney Wool Sales to see his clip sell.
Frenzied bidding kept up the price pace early this week, pushing the Eastern Market Indicator even higher.
The Eastern Market Indicator has smashed the record set at the end of 2017 by climbing to 1818c/kg on Thursday.
Woolgrowers and taxpayers financed nearly $75,000 for a six-week study trip for Australian Wool Innovation (AWI) chief executive Stuart McCullough in the United States, it has been revealed.
There are still no answers as to how to rebuild trust in Australian Wool Innovation's board election process.
Matthew Miller and Bodice - from the British Isles and India - were today announced the winners of the menswear and womenswear 2017/2018 International Woolmark Prize.
More than $3.1 billion worth of Australian wool has been sold at auction this year, closing on a record breaking run of high prices.
Major Chinese wool processors are tipped to sidestep export buyers and enter the auction room in 2018, as demand is expected to outstrip growth in supply.