New Commission Rate for NZB Mixed Bloodstock Sales

New Commission Rate for NZB Mixed Bloodstock Sales

In a major move to support breeders looking to trade their high value stock, New Zealand Bloodstock is introducing a new commission structure for its two mid-year Sale events held at Karaka.

The new commission rate on each horse sold at the annual National Weanling, Broodmare & Mixed Bloodstock Sale in May and the Winter Mixed Bloodstock Sale held in July shall be 10% plus GST on the first $100,000, with a reduction to 5% plus GST thereafter.

With a focus on boosting the calibre of the weanlings and broodmares catalogued for its mixed bloodstock sales in response to ongoing demand, it is hoped that NZB’s revised commission structure will encourage vendors to offer higher quality horses at these sales.

“We are hoping to build the quality of both weanlings and broodmares in these sales,” commented NZB Co-Managing Director Andrew Seabrook.

“The good weanlings sold extremely well last month but we didn’t have enough of them. The appetite from buyers was there but we couldn’t meet their demand for quality stock. Further to that, we have struggled to attract genuine quality breeding stock over the last few years. Hopefully this lower cost structure will entice vendors to offer some better weanlings and broodmares so these sales can realise their full potential.”

The new commission rate structure shall come into effect at this year’s Winter Mixed Bloodstock Sale to be held at Karaka on 31 July.

ENDS

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