$275,0000 'The Island Storm' Highlights NZB National Broodmare Sale

22 July 2007

New Zealand Bloodstock's annual National Broodmare & Mixed Bloodstock Sale�concluded with mixed results today, with some�great value�buying opportunities to be had�at Karaka.

The highlight of the Sale came late in the day with Hennessy mare The Island Storm at Lot 280�bought for�$275,000 in foal to Zabeel. The stakes performer out of G.1 West Australian Oaks winner India's Dream (Western Symphony) was consigned by Rich Hill Stud and purchased by local bloodstock agent Michael Wallace on behalf of Australian buyer, Paul Makin, to go to Starcraft. Wallace�confirmed that The Island Storm is likely to be mated to Northern Hemisphere time.

Lot-280

�Lot 280 - The Island Storm carrying a positive test to Zabeel.

Makin also bought Group 1 winner Zola at the Bloomsbury Stud NZ Dispersal Sale in May as part of his strategy to restock his broodmare band following the sale of all his mares in foal to Starcraft earlier this year.�

The bitterly cold winter morning�deterred a few to the Sale and after a slow start to day the 298 lots catalogued generated total takings of�$1,731,200 for�180 lots sold, down from last year's aggregate of $2,946,150 for 257 lots sold.�The overall sale average was $9,618, down�16% on last year's overall average of $11,464.

Making up�the�bulk of the one-day Sale were the 234 broodmare entries, with�138 sold for $1,482,550 at an average price of $10,743. This was down on last year's broodmare aggregate of $2,507,750 for�194 lots sold, and down�15%�on last year's average of $12,927 which had recorded a 47% increase from $8,794 the�previous year. Both the broodmare session median and overall sale median finished up at $3,000.

The top price of the morning's mixed bloodstock offering and second highest price of the day came in the last lot of the Racehorse session when�Volksraad mare Volk Dancer�sold for $80,000. Trained this season by Roger James, the three-time race winner and stakes performer was purchased from Trelawney Stud by bloodstock consultant Steve Brem for Cathy Hains of Kingston Park Stud in Victoria.

Steve Brem also purchased the second highest priced broodmare of the Sale, the Flying Spur mare Miss Paris bought for $50,000�in foal to Johar. Both Miss�Paris and Volk Dancer are booked to be served by Waikato Stud sire, O'Reilly,�this coming season before�heading to their new homes in Australia.

Marketing Manager Petrea Vela commented on the day's proceedings, "Overall it has been a quieter day than expected with results�largely flowing in the buyers' favour. While some mares sold very well and mostly the results were in line with the quality on offer, demand was patchy and buyers have been treated to some�great value throughout the day."

National Broodmare & Mixed Bloodstock Sale Statistics

2007 2006
Catalogued

298

384

Sold

180

257

Aggregate

$1,731,200

$2,946,150

Average

$9,618

$11,464

Median

$3,000

$4,000

Clearance

68%

73%

National Broodmare Sale Statistics

2007 2006
Catalogued

234

300

Sold

138

194

Aggregate

$1,482,550

$2,507,750

Average

$10,743

$12,927

Median

$3,000

$5,350

Clearance

66%

70%

Top Lots

Lot Type Name Covered by Vendor Purchaser Price

280

BM

The Island Storm (Hennessy) Zabeel (+) Rich Hill Stud Michael Wallace for Paul Makin & Starcraft (Qld) $275,000

61

RH

Volk Dancer (Volksraad) Trelawney Stud Mr Steve Brem (NSW) $80,000

198

BM

Miss Paris (Flying Spur) Johar (+) Trelawney Stud Mr Steve Brem (NSW) $50,000

225

BM

Pichard (Danasinga) Johar (+) Pencarrow Stud Raffles Farm (Cambridge) $46,000

140

BM

Grand Legacy (Deputy Governor) Savabeel (+) Trelawney Stud JLK Consulting Pty Ltd (Vic) $45,000

50

RH

Game Call (Montjeu) MS JP Wills PP & NF Jenkins Ltd (Matamata) $40,000

83

BM

Bali Hi (Lord Ballina) O'Reilly (+) Waikato Stud Diamond Bloodstock P/ship� (Akl) $40,000

159

BM

Jabeske (Prized) O'Reilly (+) Seaton Park Bruce Perry Bloodstock Ltd (Masterton) $40,000

294

BM

Volkrose (Volksraad) Pentire (+) MS JP Wills NZ Bloodstock as agent (Pukekohe) $40,000

298

SS

No Excuse Needed Hackcanter Ltd T&V Infinity Investment Trust (Cambridge) $39,000

Leading Purchasers by Aggregate

Buyer Bought Price (NZ$) Top Lot
Michael Wallace Bloodstock (Cambridge)

4

$310,000 Lot 280 - $275,000
NZ Bloodstock as agent

22

$168,200 Lot 294 - $40,000
Mr S Brem (NSW)

2

$130,000 Lot 61 - $80,000
JLK Consulting Pty Ltd (Vic)

2

$73,000 Lot 140 - $45,000
Raffles Farm (Cambridge)

2

$67,000 Lot 225 - $46,000

Leading Vendors by Aggregate

Vendor Sold Aggregate (NZ$) Average (NZ$) Top Lot
Rich Hill Stud

2

$275,700 $137,850 Lot 280 - $275,700
Trelawney Stud

11

$253,450 $23,041 Lot 61 - $80,000
Waikato Stud

18

$199,100 $11,061 Lot 83 - $40,000
Pencarrow Stud

4

$108,000 $27,000 Lot 225 - $46,000
The Oaks Stud

21

$98,050 $4,669 Lot 246 - $29,000

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