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

 

Strong Selling At Opening Session

Strong Selling At Opening Session of NZB National Weanling & Broodmare Sale

It was a very strong day's trade at the first weanling session of New Zealand Bloodstock's National Weanling & Broodmare Sale today at Karaka, highlighted by increases in turnover, average and clearance from last year.

Of the 255 weanlings catalogued for sale today, 202 were sold for an aggregate of $2,531,950, representing a current average of $12,534 and a very strong clearance rate of 87.4%. With 188 of the total 252 weanlings catalogued last year selling for $2,335,150, turnover is already up 8% with 143 weanlings still to come.

New Zealand Bloodstock Marketing Manager Petrea Vela was confident that today's results signalled the growing strength of New Zealand's local market.

"In a weanling catalogue that was dominated by fillies, it was a clear sign of the strength of New Zealand domestic racing and breeding that we can generate such a healthy average and aggregate for the day and still record an 87% clearance rate. Traditionally the pinhookers underpin this Sale but today, not only were the pinhookers very active, but they also faced stiff competition from a raft of local buyers looking for weanlings to retain, which is a great boost for the industry."

The highlight of the day was a filly by Cambridge Stud shuttle sire Stravinsky at Lot 109, from the Group 1 performed Kaapstad mare Full Noise, purchased for $130,000 by Marcus Corban Bloodstock.

Cambridge Stud General Manager, Marcus Corban, secured the filly on behalf of a local client. "We picked her out as a lovely walking Stravinsky filly that will be well suited to putting through the Karaka Yearling Sale in January."

A handful of lots later, the second of three young horses to make six figures today was another filly, this by Savabeel from Marscay mare Glittering Girl. She was bought by Janine Dunlop's GTS Bloodstock Ltd for $100,000 from Curraghmore Stud.

Today's leading buyer was Singapore owner Jayven See, who purchased three weanlings, including a top price of $105,000 for Lot 138, a colt by O'Reilly from Honor Rush (Honor Grades) offered by Esker Lodge.

Waikato Stud's decision to offer all their weanlings on an unreserved basis is paying dividends for the Stud, with the progeny of their sires O'Reilly and Savabeel featuring prominently in the results, and Waikato Stud currently heading the leading vendor tables with 16 sold for an aggregate of $300,900 at an average of $18,806.

Savabeel's four fillies and one colt catalogued so far were in high demand to make him the leading sire by average with all five entries sold for an average of $61,400, followed by stable mate O'Reilly in second, with both colts and fillies featuring in the top ten lots, with a total of six sold for an average of $53,500.

Waikato Stud has a further 14 weanlings catalogued for tomorrow.

The remaining 143 weanlings (including two supplementary entries) will go under the hammer from 10am at Karaka tomorrow, followed by yearlings, two-year-olds, unraced stock, racehorses, and the first of the 300 broodmares on offer. The remaining broodmares will be offered on Tuesday from 10am.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: