Select Sale Concludes in Record-Breaking Style

Select Sale Concludes in Record-Breaking Style

The 2007 Karaka Select Sale has concluded in record-breaking style, with every previous record shattered.

The momentum of the past week continued right to the end of this second session with vendors smiling as the Sale has returned a whopping NZ$21,626,000 in turnover, up 68% from last year's aggregate of NZ$12,856,250 and up 60% from the record aggregate in 2000 of NZ$13,510,500.
The Premier and Select Sale aggregates combined (NZ$78,460,000) have also shattered the previous record turnover for the entire National Yearling Sales Series of NZ$70,809,351 in 2000, with the Festival and Carnival Sales still to go.

Incredibly, the aggregate for the Select Sale is also in excess of the Premier Sale aggregate for the first year New Zealand Bloodstock took the helm, in 1996.

Both the average and median have also rocketed past last year's figures, with the new median price of NZ$42,000 22% up on last year's average of NZ$34,560 let alone a 40% increase on last year's median of NZ$30,000. The new record Select Sale average of NZ$49,715 also reflects a 44% increase in average from last year. A total of 41 yearlings were sold for more than NZ$100,000 compared with eight last year.

With 593 lots catalogued for this session, 435 were sold at a clearance rate of 81.6%, up from 75% last year, exceeding a previous record clearance rate of 80% in 2004.

New Zealand Bloodstock Marketing Manager, Petrea Vela, summed up the last three days, "The Select Sale has been an overwhelming success with the results far beyond any expectations we had. To record an almost $9 million increase in turnover with just 36 more horses catalogued, a 40% increase in median, combined with a record clearance rate for this Sale is a huge boost to the industry and a great credit to vendors."

"Particularly noticeable has been the considerable strength of the domestic buying bench with lots of new faces amongst the regular buyers, which reflects the revival of confidence in our racing and breeding industries since the recent tax changes. The promise of increased returns to owners has already had an effect on their investment activity which, for vendors, means more funds available for reinvestment marking the start of a very exciting period in our industry's history."

With results sheets reflecting purchases heading to Australia, Ireland, Singapore, Philippines, Korea and Hong Kong as well as New Zealand, the leading individual buyer of the Select session was John Chalmers who purchased 16 yearlings for a total of NZ$897,000, including a top price of NZ$135,000 in the last five lots of the day for a Viking Ruler filly out of Success Express mare, Vargas Diamond, from Cambridge Stud.

Also prominent were Australian-based buyers Kieran Moore, John Morissey, Michael Stedman, Brian Jenkins plus local buyers including Paul Moroney, Phill Cataldo, Lance O'Sullivan, Graeme Rogerson, Dean Hawthorne, David Ellis, Robbie Hewetson and John Wheeler.

Leading vendor by aggregate was Garry and Mark Chittick's Waikato Stud, with 23 horses sold for an aggregate of NZ$1,712,500, an average at this session of NZ$74,457, and a 100% clearance rate. The Stud's top price of the Select Sale was Lot 865, an O'Reilly filly out of Not Sure (Masterclass) bought for NZ$150,000 by Sydney buyer, Steve Brem.

Lot 600 with Little Avondale Stud's Sam Williams

The leading vendor by average was Buzz and Sam Williams' Little Avondale Stud in Masterton, who claimed top honours when the No Excuse Needed colt out of Cymbidium (Centaine) broke the record for the highest priced lot at this Sale when secured by Australian-based agent, Michael Stedman, for $230,000. The Stud sold seven yearlings for an aggregate of NZ$805,000 and an average of NZ$115,000.

Little Avondale's Stud's resident sire, Towkay (Last Tycoon), was the leading sire of the session with four yearlings sold for an average of NZ$81,875 including a top priced lot of NZ$135,000 for a filly out of Clermont Rose (Sound Reason). Towkay is currently the second leading sire in Hong Kong with leading performer, Armada, the winner of the Hong Kong Group 1 Stewards Cup last Sunday night.

Leading first season sire was Waikato Stud resident, No Excuse Needed, with 12 yearlings sold for an average of NZ$78,083 including the top priced lot of the Sale. No Excuse Needed is represented by one of the favourites in the New Zealand Bloodstock $500,000 2YO Classique tomorrow at Te Rapa with his first stakeswinner, Grand Dancer.
2007 Select Sale Statistics
Overall 2007 Overall 2006
Average $49,715 $34,687
Aggregate $21,626,000 $12,834,250
Lots Catalogued 593 557
Lots Sold 435 370
Clearance Rate 81.6% 75%
Median $42,000 $30,000
2007 Select Sale Top Price - Lot 600 Br.C No Excuse Needed x Cymbidium $230,000
2006 Top Price - Lot 603 Stravinsky x Stilts $130,000
2006 Top Price - Lot 1040 Pentire x Our Lucy $130,000
Top Lots
Lot Type Breeding Vendor Buyers Name Price
600 BR.C No Excuse Needed / Cymbidium LITTLE AVONDALE STUD MICHAEL STEDMAN BLOODSTOCK (NSW) $230,000
542 BR.C Lucky Owners / Bright Beauty TRELAWNEY STUD KIERAN MOORE B/STOCK P/L (NSW) $170,000
787 B.C Montjeu / Little Gem CHESTERFIELDS MR D O'BYRNE (Ireland) $160,000
820 B.C Danasinga / Mi Centie SHELBY PARK MILESHAN NOMINEES (VIC) $155,000
668 B.C Elusive City / Flying Finish TRELAWNEY STUD KIERAN MOORE B/STOCK P/L (NSW) $150,000
865 B.F O'Reilly / Not Sure WAIKATO STUD MR S BREM (NSW) $150,000
926 B.F Pins / Riposte HAUNUI FARM LTD MR J SUNG (Malaysia) $150,000
464 C.C Jungle Pocket / Wella RICH HILL THOROUGHBREDS DEAN HAWTHORNE BLOODSTOCK (VIC) $140,000
562 B.F Spartacus / Cattleya LYNDHURST FARM ROHAN J HUGHES THOROUGHBRED (VIC) $140,000
620 B.C No Excuse Needed / Disguised WAIKATO STUD ALL'S WELL THOROUGHBRED (Hong Kong) $140,000
769 C.C Captain Rio / Lady Paloma WESTBURY STUD BROOKBY STABLES (Auckland) $140,000
819 C.C Thorn Park / Message to My Girl ESKER LODGE WAIKATO BLOODSTOCK (Cambridge) $140,000
924 B.C Pins / Rhythm and Black ANCROFT STUD NEW ZEALAND BLOODSTOCK (as agent) $140,000
951 B.C Tobougg / Setera MONOVALE HOLDINGS ROBBIE HEWETSON BLOODSTOCK (Matamata) $140,000
1050 C.C Captain Rio / Vinci BLANDFORD LODGE PHILL CATALDO BLOODSTOCK (Otaki) $140,000
583 BR.F Towkay / Clermont Rose LITTLE AVONDALE STUD MR JR WHEELER (New Plymouth) $135,000
1048 B.F Viking Ruler / Vargas Diamond CAMBRIDGE STUD JOHN CHALMERS BLOODSTOCK (WA) $135,000
606 B.C Postponed / Dans'ore WESTBURY STUD PHILL CATALDO BLOODSTOCK (Otaki) $130,000
634 B.C Delago Brom / Egic HALLMARK STUD ROBBIE HEWETSON BLOODSTOCK (Hong Kong) $130,000
516 C.C Captain Rio / Ballet Queen WESTBURY STUD DR KC TAN (Singapore) $125,000
790 B.C Pentire / Lodge Place SEATON PARK KIERAN MOORE B/STOCK P/L (NSW) $125,000
894 C.C Volksraad / Pherozity LYNDHURST FARM LISA LATTA RACING STABLES (Palmerston North) $125,000
Leading Buyers by Aggregate
Purchaser Bought Aggregate Average Top Price
NEW ZEALAND BLOODSTOCK (as agent) 30 $1,411,500 $47,050 $140,000
JOHN CHALMERS BLOODSTOCK 16 $897,000 $56,063 $135,000
PHILL CATALDO BLOODSTOCK 12 $877,500 $73,125 $140,000
PAUL MORONEY BLOODSTOCK 14 $695,000 $49,643 $110,000
KIERAN MOORE B/STOCK P/L 6 $602,500 $100,417 $170,000
MR LA O'SULLIVAN 10 $578,000 $57,800 $120,000
MICHAEL STEDMAN BLOODSTOCK 6 $545,500 $90,917 $230,000
MR J MORRISEY 9 $523,500 $58,167 $110,000
ROGERSON BLOODSTOCK 13 $502,500 $38,654 $92,500
DEAN HAWTHORNE BLOODSTOCK 6 $445,500 $74,250 $140,000
Leading Sires by Average (3 or more sold)
Sire Sold Average Aggregate Top Price
Towkay 4 $81,875 $327,500 $135,000
Tobougg 3 $80,833 $242,500 $140,000
No Excuse Needed 12 $78,083 $937,000 $230,000
Pins 13 $77,077 $1,002,000 $150,000
O'Reilly 13 $75,269 $978,500 $150,000
Volksraad 19 $74,368 $1,413,000 $125,000
Lucky Owners 3 $72,000 $216,000 $170,000
Captain Rio 12 $69,250 $831,000 $140,000
Montjeu 16 $65,500 $1,048,000 $160,000
Danasinga 19 $64,684 $1,229,000 $155,000
Leading First Season Sires by Average (3 or more sold)
Sire Sold Average Aggregate Top Price
Lucky Owners 3 $72,000 $216,000 $170,000
Captain Rio 12 $69,250 $831,000 $140,000
Spartacus 12 $61,208 $734,500 $140,000
Storm Creek 7 $61,071 $427,500 $92,500
Ishiguru 3 $57,500 $172,500 $80,000
Thorn Park 14 $57,036 $798,500 $140,000
Elusive City 15 $52,100 $781,500 $150,000
Ekraar 13 $51,731 $672,500 $105,000
Danroad 9 $43,667 $393,000 $100,000
Hawk Wing 3 $34,000 $102,000 $37,000
Leading Vendors by Average (3 or more sold)
Vendor Sold Average Aggregate Top Price
LITTLE AVONDALE STUD 7 $115,000 $805,000 $230,000
LYNDHURST FARM 4 $98,125 $392,500 $140,000
WESTBURY STUD 7 $88,714 $621,000 $140,000
BLANDFORD LODGE 3 $77,500 $232,500 $140,000
CHESTERFIELDS 3 $75,333 $226,000 $160,000
WAIKATO STUD 23 $74,457 $1,712,500 $150,000
WELLFIELD LODGE 4 $71,875 $287,500 $80,000
ASCOT FARM 3 $70,333 $211,000 $95,000
TRELAWNEY STUD 13 $68,654 $892,500 $170,000
SHELBY PARK 7 $63,643 $445,500 $155,000
Leading Vendors by Aggregate
Vendor Sold Aggregate Average Top Price
WAIKATO STUD 23 $1,712,500 $74,457 $150,000
ESKER LODGE 19 $908,500 $47,816 $140,000
CURRAGHMORE STUD 16 $901,000 $56,313 $120,000
TRELAWNEY STUD 13 $892,500 $68,654 $170,000
WINDSOR PARK STUD 22 $812,000 $36,909 $110,000
LITTLE AVONDALE STUD 7 $805,000 $115,000 $230,000
HAUNUI FARM 12 $757,500 $63,125 $150,000
THE OAKS STUD 22 $744,500 $33,841 $90,000
RICH HILL THOROUGHBREDS 18 $702,500 $39,028 $140,000
TWIN PINE THOROUGHBREDS 12 $659,500 $54,958 $105,000
New Zealand Bloodstock's National Yearling Sales Series continues with the one-day Festival Sale from 11am on Sunday 4 February. For news and sales information contact Marketing Manager, Petrea Vela (petrea@nzb.co.nz).

Ends

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