Buyers Secure Outstanding Value at South Island Sale

2018 South Island Sale Topper - Lot 109 Per Incanto x The Dewdrop. Photo: Deborah Smith.
2018 South Island Sale Topper - Lot 109 Per Incanto x The Dewdrop. Photo: Deborah Smith.

At the close of New Zealand Bloodstock’s 2018 South Island Sale the key trend that prevailed throughout the day was demand for new blood – with the top three leading sires by average, with three or more sold, featuring Zacinto, Proisir and Ghibellines respectively.

Yet it was Ravelston Stud’s Per Incanto colt (Lot 109) that provided the highlight of the day’s selling. Out of a winning O’Reilly mare The Dewdrop, he comes from the famous “The” family which the Stud have shaped over many years. Garry Carvell of Hiwi Bloodstock outlaid $100,000, the most paid for a yearling at the Sale since 2012, to acquire the athletic colt.

“He’s a nice horse with a good cross,” commented Carvell, the leading buyer by aggregate. “It’s a good family and he will go over to Asia at some point.”

Ravelston Stud also featured as the leading vendor by average selling three yearlings at an average of $50,250.

“Obviously we sold the top lot for good money and he was a standout colt,” commented Robert Dennis. “We came here with a few neat, tidy horses that should have sold but didn’t.”

“We’re happy with our top colt but disappointed with the rest – it’s bittersweet.”

On the back of what was a well-constructed catalogue pedigree wise, NZB’s Regan Donnison commented “we were disappointed with the result and you can’t hide the fact – despite selling our first six-figure colt for some time, it was a tough day’s trading.”

For the third consecutive year in a row White Robe Lodge have topped the vendors table by aggregate selling nine yearlings for total receipts of $165,500. Their highest priced yearling sold, and the second highest priced at the Sale, was a colt (Lot 98) by their exciting first season sire Ghibellines. The half-brother to stakes winner Cherry Creek fetched $55,000 with The Robert Dawe Agency securing him.

“We like to think we bring a nice draft to the Sale,” commented Stud Manager Wayne Stewart. “The market today wasn’t very strong, but all the horses have gone to very good homes.”

“The Ghibellines colt (Lot 98) sold really well and Robert Dawe said he will go to a leading stable in the Waikato so it’s a good result for us.

“It was a bit disappointing the overall Sale but I suppose that’s a reflection of New Zealand racing too as a lot of trainers aren’t buying horses at the moment.

“At the end of the day they have all gone to nice homes and we were prepared to meet the market.”

Local trainer Michael Pitman was active at the Sale acquiring seven yearlings for a total spend of $98,500. Purchasing from a selection of sires, Berkley Stud’s Love Conquers All colt (Lot 107) presented as his highest priced yearling when he went to $26,000.

“I thought the two nicest colts in the Sale were Lot 81 and Lot 107 which I ended up buying for outstanding value so I’m very happy,” comment Pitman. “I’ve bought a lot of horses at this Sale that have done well previously.”

“I saw a few Ghibellines at Karaka and they sold really well there. The Ghibellines I bought today (Lot 81) is for the Penang Turf Club syndicate.

“I have been coming to this Sale all my life and this is as good a time to buy horses as I have ever seen.”

With 63 of horses sold, slightly up on the previous edition (61), the Sale aggregate finished at $873,750, the average settled to $13,869 while the median closed at $10,000.

All yearlings purchased at the South Island Sale are eligible to be nominated for the Karaka Million Series featuring two $1m races, nominations close at 5pm on Monday 21st May.

To make enquiries about any Passed Lots contact Regan Donnison on +64 21 512 466. View Passed Lots here.

2018 South Island Sale Statistics

2018 2017 2016 2015
Aggregate $873,750 $1,070,000 $1,447,100 $655,250
Average $13,869 $17,541 $17,435 $10,401
Median $10,000 $13,000 $15,000 $6,000
Clearance 61% 71% 92% 64%
Catalogued 121 106 98 108
Sold 63 61 83 63
Top Lot Lot 109Per Incanto x The Dewdrop $100,000 Lot 100 Rock 'n' Pop x The Glitter $87,000 Lot 76 Raise The Flag x Legal Note $52,500 Lot 50 Per Incanto x Silver Cent $82,500

Top Lots

LOT TYPE BREEDING VENDOR PURCHASER LOCATION PRICE
109 B.C Per Incanto / The Dewdrop Ravelston Stud Hiwi Bloodstock Cambridge $100,000
98 B.C Ghibellines / Stage Flash White Robe Lodge The Robt Dawe Agency Auckland $55,000
108 B.F Charm Spirit / The Dazzler Ravelston Stud Chris Rutten Bloodstock / B Gray Auckland $50,000
89 G.C Reliable Man / Sharp Gal Berkley Stud Enigma Farm & Armocroft Stables Waikato $47,000
46 Ch.F Proisir / Joan's Girl Pear Tree Farm Agistment Mr DC Ellis Te Akau $41,000
113 BRB.C Highly Recommended / Tutusafore Pear Tree Farm Agistment Champagne Racing Canterbury $40,000
107 B.C Love Conquers All / The Black Diva Berkley Stud Mr MR Pitman Canterbury $26,000
23 B.C Rock 'n' Pop / Cold Snap Berkley Stud Mr MR Pitman Canterbury $25,000
43 B.C Zacinto / Ignite White Robe Lodge Ellerton Zahra Racing Melbourne $22,000
70 B.C Shocking / Optic Pear Tree Farm Agistment Phill Cataldo Bloodstock Whanganui $20,000
76 BR.C Redwood / Purpose Clearview Park Stud Mr J Foote/Mr D Weir Victoria $20,000
81 B.C Ghibellines / Renee Maree White Robe Lodge Mr MR Pitman Canterbury $20,000

Leading Purchaser by Aggregate

PURCHASER BOUGHT AGGREGATE AVERAGE TOP PRICE TOP LOT
Hiwi Bloodstock (Cambridge) 2 $116,000 $58,000 $100,000 109
Mr MR Pitman (Canterbury) 7 $98,500 $14,071 $26,000 107
The Robt Dawe Agency (Auckland) 1 $55,000 $55,000 $55,000 98
Mr DC Ellis (Te Akau) 2 $54,000 $27,000 $41,000 46
Mr E Sullivan (Indonesia) 3 $52,000 $17,333 $19,000 40
Chris Rutten Bloodstock / B Gray (Auckland) 1 $50,000 $50,000 $50,000 108

Leading Vendor by Aggregate

VENDOR SOLD AGGREGATE AVERAGE TOP PRICE TOP LOT
White Robe Lodge 9 $165,500 $18,389 $55,000 98
Ravelston Stud 3 $150,750 $50,250 $100,000 109
Berkley Stud 8 $137,500 $17,188 $47,000 89
Pear Tree Farm Agistment 5 $110,500 $22,100 $41,000 46
Three Valleys 6 $53,500 $8,917 $19,000 40
Hedwood Thoroughbreds 4 $53,250 $13,313 $19,000 78

Leading Vendors by Average (three or more sold)

VENDOR SOLD AVERAGE AGGREGATE TOP PRICE TOP LOT
Ravelston Stud 3 $50,250 $150,750 $100,000 109
Pear Tree Farm Agistment 5 $22,100 $110,500 $41,000 46
White Robe Lodge 9 $18,389 $165,500 $55,000 98
Berkley Stud 8 $17,188 $137,500 $47,000 89
Hedwood Thoroughbreds 4 $13,313 $53,250 $19,000 78
Mansfield Farm 3 $12,333 $37,000 $15,000 50

Leading Sires by Average (three or more sold)

SIRE SOLD AVERAGE AGGREGATE TOP PRICE TOP LOT
Zacinto 3 $18,000 $54,000 $22,000 43
Proisir* 3 $17,417 $52,250 $41,000 46
Ghibellines* 10 $16,575 $165,750 $55,000 98
Showcasing 3 $14,000 $42,000 $19,000 78
Redwood 3 $12,000 $36,000 $20,000 76
Highly Recommended 7 $9,429 $66,000 $40,000 113

*First season sire

 

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