The bale, produced by Hillcreston Pinehill Partnership, southern New South Wales, and branded AUSFINEULTRA, tested at 11.6 micron.

After strong interest and bidding by buyers from Asia and Europe, the bale was purchased by Lempriere on account of Raymond Ltd, India, for $247,480.

Raymond Ltd is one of the world's largest worsted suiting companies and this bale is destined for ultrafine wool suiting to be manufactured by Raymond, India.

The record bale has measurements of 11.6 micron, 72.1 yield, 68mm and 43N/kt.

The bale was one of a magnificent line up of ultrafine wool offered on behalf of Hillcreston Pinehill Partnership.

Hillcreston Pinehill Partnership, consisting of Murray & Leanne Picker, Grant & Jenna Picker, Brett & Sue Picker, and Wayne and Carol Krause is based in southern New South Wales.

Landmark's southern NSW wool manager, Craig Lawson, said he was pleased with the strong market competition from international ultrafine buyers and processors.

"In addition to breaking the record for the finest bale of wool ever to be offered at auction, Hillcreston Pinehill Partnership has also been accredited with eight 1PP wool types for the wool they offered today," Mr Lawson said.

"The top bale is the finest bale ever to be accredited 1PP.

"This brings the total to eleven 1PPs for the 2007/08 wool selling season, equalling their record from the 2006/07 wool selling season."

The 1PP accreditation is the ultimate wool type in the wool industry, signifying evenness of style, character and handle.