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

 

Record-Breaking Sales Series at Karaka


Festival Sale Final Session Completes Record-Breaking Sales Series at Karaka

The 82nd National Yearling Sales Series at Karaka finished on a high note today with another very strong day of selling sending even more records tumbling.

The two-day Festival Sale has wrapped up the sales week by posting records of its own, with a new average, median and clearance rate for this session.

The staggering strength of the market seen at Karaka throughout the week carried right through to today, with a new record average of $16,857 up 34% from last year's average of $12,593, and up 20% on the previous record of $14,022 set in 2001. Even with a record top price of $80,000 helping those figures, the median has also posted a record of $12,000, up 20% on last year's record median of $10,000. This is combined with an exceptionally strong clearance rate for this session - also a record - of 84%.

New Zealand Bloodstock Marketing Manager Petrea Vela summed up the Festival Sale results, "Yesterday the first Festival sale session got off to a great start and, importantly, recorded a strong median and clearance rate assuring vendors that there was still some firepower to the buying bench at this session. Today, incredibly, the Sale has strengthened even further, with the clearance, average and median figures all climbing from yesterday to exceed previous records in every case. It really sums up what we have seen at Karaka right throughout the past week, and we are extremely grateful for the support from every vendor and buyer who has enabled us to generate such a fantastic result for the industry."

 

 
 Festival Sale record-breaking colt by Catcher in the Rye
With 403 Festival Sale lots catalogued, 301 were sold for total takings of $5,073,850, up a huge 81% on last year's turnover of $2,795,700 for 222 horses sold.

The top price of the day was $65,000 for the very last lot of the Sale, a Don Eduardo colt from four-time winning Bluebird mare Azurebelle sold by Waitful Lodge to Markwood Lodge of Te Aroha. This exceeds the top price last year of $63,000 but wasn't enough to topple the new record of $80,000 for the Catcher in the Rye colt from Laundrette (Taufan) set yesterday.

The leading individual buyer of the Festival Sale was Paul Moroney Bloodstock with five yearlings purchased for $195,000, with a top price of $63,000 paid for the Viking Ruler colt from Maud Gonne (Yeats) sold by Walnut Hill Farms. These purchases are in addition to Moroney's six at the Premier Sale and 15 at the Select Sale bringing his total spend to $2,642,000.

The leading vendor of the session by aggregate was Wayne Larsen's Te Runga Stud, the home of resident sires Chianti, Strategic Image and Castledale. The stud sold 18 yearlings for an aggregate of $410,500 at an average price of $22,806, with a top price of $50,000 for the colt by Shinko King from Masterclass mare Possibly, bought by Mr DR Miller of Tauranga.

Highview Stud was next with a 100% clearance rate for the 11 yearlings on offer, sold for an aggregate of $327,500 at an average price of $29,773. The stud's top lot was the grey Align colt from Kashani mare Hot Collection bought by Tony Pike for $45,000.

With the top price of the Sale, Monty & Judy Henderson's Blue Gables Farm was the leading vendor by average with all six entries sold for an aggregate of $203,000, at an average price of $33,833.

All yearlings sold over the past week have until 3 March 2008 to nominate their purchases for the enhanced Karaka Million Series, with a payment deadline of 30 April 2008. For further information contact Marketing Manager Petrea Vela.

2008 Festival Yearling Sale Statistics
Overall 2008
Overall 2007
Average
$16,857
$12,593
Aggregate
$5,073,850
$2,795,700
Catalogued
403
310
Sold
301
222
Clearance Rate
84%
81%
Median
$12,000
$10,000
2008 Festival Sale Top Price - Lot 1342 B.C Catcher in the Rye x Laundrette
$80,000
2007 Festival Sale Top Price - Lot 1307 Ch.C Daggers Drawn x Russian Dancer
$63,000
Top Ten Lots
Lot
Type
Breeding
Vendor
Purchaser
Price
1342
B.C
Catcher in the Rye / Laundrette
BLUE GABLES FARM
DREAMBIG THOROUGHBREDS (QLD)
$80,000
1556
B.C
Don Eduardo / Azurebelle
WAITFUL LODGE
MARKWOOD LODGE (TE AROHA)
$65,000
1528
BR.C
Spartacus / Wonderful Day
RICHFIELDS THOROUGHBRED FARM
MR FT RITCHIE (HAMILTON)
$64,000
1367
B.C
Viking Ruler / Maud Gonne
WALNUT HILL FARMS 
PAUL MORONEY BLOODSTOCK (CAMBRIDGE)
$63,000
1466
B.C
Golden Snake / Shuttlebug
POPLAR LODGE 
JTC INVESTMENTS (TE AWAMUTU)
$62,500
1331
B.C
Don Eduardo / La Buster
HAUNUI FARM 
ROBERT ROULSTON BLOODSTOCK (VIC)
$60,000
1512
B.C
Handsome Ransom / Vanilla Ice
ASHWELL FARM
GARY MUDGWAY BLOODSTOCK (VIC)
$60,000
1429
B.F
Rusty Spur / Princess Bower
TOTARA PARK STUD
MRS DM LOGAN (RUAKAKA)
$56,000
1282
B.C
Rusty Spur / Hard Copy
TOTARA PARK STUD
SANDERS RACING STABLES (TE AWAMUTU)
$52,500
1506
B.C
His Royal Highness / Tuckahoe
STRATHCARRON STUD 
MRS DM LOGAN (RUAKAKA)
$52,500
Top Ten Purchasers by Aggregate
Purchaser
Bought
Aggregate
Average
Top Price
NEW ZEALAND BLOODSTOCK (as agent)
24
$484,200
$20,175
$50,000
PAUL MORONEY BLOODSTOCK
5
$195,000
$39,000
$63,000
MRS DM LOGAN 
3
$137,500
$45,833
$56,000
MR DR WILES
12
$129,000
$10,750
$22,000
J & I BLOODSTOCK 
5
$127,000
$25,400
$35,000
MR KAH WUI LIM
6
$123,000
$20,500
$32,000
MARKWOOD LODGE
3
$115,000
$38,333
$65,000
OAKLANDS THOROUGHBREDS
4
$101,000
$25,250
$50,000
DREAMBIG THOROUGHBREDS
2
$100,000
$50,000
$80,000
MR PA WILLETTS
5
$89,000
$17,800
$30,000
Top Ten Vendors by Aggregate
Vendor
Sold
Aggregate
Average
Top Lot
TE RUNGA STUD 
18
$410,500
$22,806
$50,000
HIGHVIEW STUD 
11
$327,500
$29,773
$45,000
ASHWELL FARM
8
$230,000
$28,750
$60,000
TOTARA PARK STUD
15
$213,000
$14,200
$56,000
BLUE GABLES FARM
6
$203,000
$33,833
$80,000
BRIGHTHILL FARM
9
$185,000
$20,556
$50,000
WALNUT HILL FARMS 
8
$184,500
$23,063
$63,000
RICHFIELDS THOROUGHBRED FARM
7
$147,000
$21,000
$64,000
SEATON PARK 
6
$138,400
$23,067
$50,000
POPLAR LODGE
5
$130,500
$26,100
$62,500
Top Ten Vendors by Average (3 or more sold)
Vendor
Sold
Average
Aggregate
Top Lot
BLUE GABLES FARM
6
$33,833
$203,000
$80,000
HAUNUI FARM 
4
$31,000
$124,000
$60,000
HIGHVIEW STUD 
11
$29,773
$327,500
$45,000
ASHWELL FARM
8
$28,750
$230,000
$60,000
MAARA GRANGE
3
$28,167
$84,500
$50,000
HALLMARK STUD 
3
$28,000
$84,000
$35,000
POPLAR LODGE 
5
$26,100
$130,500
$62,500
SEATON PARK 
6
$23,067
$138,400
$50,000
WALNUT HILL FARMS
8
$23,063
$184,500
$63,000
TE RUNGA STUD 
18
$22,806
$410,500
$50,000
Top Ten Sires by Average (3 or more sold)
Sire
Sold
Average
Aggregate
Top Price
O'Reilly
3
$37,333
$112,000
$50,000
Handsome Ransom *
11
$34,000
$374,000
$60,000
Golden Snake
3
$31,833
$95,500
$62,500
Don Eduardo
9
$30,333
$273,000
$65,000
Viking Ruler
4
$29,425
$117,700
$63,000
Spartacus
5
$29,000
$145,000
$64,000
Align
7
$28,571
$200,000
$45,000
Golan
3
$27,000
$81,000
$40,000
Postponed
5
$24,100
$120,500
$40,000
Sandtrap
3
$23,667
$71,000
$35,000
* First Season Sire.

ends


 

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO: