Fewer horses sold at Karaka but clearance rate up
Jan. 30 (BusinessDesk) - New Zealand Bloodstock’s 2013 premier sale wrapped up at Karaka on Tuesday with 323 of the 441 lots sold.
The total raised of $51.05 million was $3.085 million less than in 2012, with 27 fewer horses sold.
The sale average of $158,054 is a 2 percent increase on last year’s figure, while the median was unchanged at $120,000.
The clearance rate of 79 percent was up from 74 percent in 2012.
The top price of $1.975 million on the first day was paid by Ireland’s Tom Magnier for a colt by Fastnet Rock from the Peintre Celebre mare Celebria. It was the fifth highest price ever fetched at Karaka.
The top price of day two was for a colt by stallion Pins from Sayyida (Zabeel), sold to Melbourne trainer Peter Moody for $775,000. It was the highest price ever paid at Karaka for a yearling by the sire.