Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


New Records Set At 2007 NZB Ready To Run Sale

New Records Set At 2007 NZB Ready To Run Sale

- Record Average Up 22% -
- New Record Top Price of $500,000 -
- Aggregate Increases 53% -

Strong trade was the order of the day at the second session of the 2007 Ready to Run Sale, with New Zealand Bloodstock posting new record results at the conclusion of the Sale.

Last year's record average of $50,085 was well and truly exceeded by the close of play with a new record of $61,134 reflecting an increase of 22%. The median dipped to $36,000 overall, with the clearance rate climbing throughout the course of the day to end up at a very pleasing 70%.

The final turnover for the two-day offering was $15,100,000 for 247 lots sold, up 53% from $9,866,750 last year for 197 lots sold.

Lyndhurst Farm's Rock of Gibraltar colt from Run and Hide (Ogygian) at Lot 292 became the highest priced horse to ever be sold at this Sale when he was knocked down to the bid of Rob McAnulty on behalf of a syndicate of owners for NZ$500,000.

McAnulty was glowing in his admiration for the colt. "He's a striking individual. If he was by Danehill or Redoute's Choice we would be paying $2 million for him. He has so much Danehill in him he reminded me a lot of Danroad, and I'm thrilled to have secured him for the syndicate."
An outstanding result for regular pinhookers Mark & Shelley Treweek, the colt was purchased as a yearling from the Magic Millions Premier Sale for just $50,000.

Also surpassing the previous highest price of $420,000 in 2005 (Zabeel - Foreign Copy), was Lot 264, a Pins colt from Kaapstad mare Proteaceae. A half-brother to top performer in Hong Kong Palette Natural (Volksraad), and from the family of dual Group 1 winner Zonda, the colt was knocked down to the bid of Victoria trainer Peter Moody for NZ$475,000.

Matching the highest price from Day One of $310,000 for the Zabeel - Carnegie Hikari colt, was the grey Spectatorial colt from Miss Jessie Jay at Lot 225, a half sister to star sprinter Gee I Jane. Also in the Lyndhurst Farm draft, this was one of seven horses sold by them for a total of $1,690,000 to put Lyndhurst Farm at the top of the vendors table for the Sale.

Janine Dunlop's Phoenix Farm was the second leading vendor with 13 horses sold for $1,510,000, including yesterday's top lot. Amongst her selection were successful pinhooks such as the Choisir colt from Fandanita (Anita's Prince) which cost $30,000 as a yearling and was sold at this Sale for $105,000 (Lot 102), and the colt by Tale of the Cat bought for $25,000 and sold today for $125,000 (Lot 395).

There were plenty of standout results for pinhookers at every level of this year's Sale. For example Windsor Park sire Golan's recent VRC Derby winner Kibbutz no doubt added interest to his sire's stock judging by results. For example, Lot 237, a $15,000 Karaka Select Sale yearling by the young sire fetched $60,000, while Lot 104, a $90,000 Karaka Select Sale yearling, fetched $210,000.

The significant force of the international buying bench over the course of the past two days played a key role in this year's successful results.

Buyers from Australia, Hong Kong, Singapore, Malaysia and Korea were present and very active throughout the Sale, with Hong Kong agent Willie Leung of Magus Equine the leading individual buyer of the Sale for the third year in a row.

Magus Equine secured eight two-year-olds for $970,000, including a top price of $280,000 for the Flying Spur colt out of Spring Beauty (Bletchingly) at Lot 325.
Leung's purchases contributed to an overall spend by Hong Kong buyers, including Manfred Man, Ricky Yiu and Michael Chang, of $2,598,000 for 23 lots.

Singapore buyers including Mick Dittman, Laurie Laxon, Kah Wui Lim and Lim Siah Mong accounted for 33 horses purchased for $2,127,500, while Malaysian buyers including Jerry Sung and Peter Tennent accounted for 24 purchases for $978,000.

Buyers for the KRA and the Seoul Racehorse Owners Association contributed to a total spend by Korea of $337,500 for 24 horses.

Particularly pleasing was seeing the Australian buyers out in force, including Peter Moody, John Morrisey, Robert Roulston and Alan Bailey.

In total Australian buyers purchased 47 horses for a total spend of $4,592,500. This is Australia's biggest spend at this Sale since 2000, and is more than double what Australian buyers spent here last year.

The second leading buyer of the Sale was local buyer David Ellis who supplemented his four purchases yesterday with a $200,000 Captain Rio colt from Red Letter Day (Manntari) at Lot 278 to bring his total to five horses for $950,000.

Marketing Manager Petrea Vela said the results well and truly exceeded the sale company's expectations. "We're thrilled with the turnout international buyers at Karaka over the past two days, and strength of competition that we've had ringside to post some of our best results yet."

"Lots of pinhookers were active throughout all the Australasian yearling sales earlier in the year with this Sale as their target and it is extremely encouraging to see so many of them so well rewarded. We hope these results give them the confidence to come back in January."


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news