$400,000 Red Ransom Colt Tops RTR Day One
18 November 2008
The first day of New Zealand Bloodstock's Ready to Run Sale of two-year-olds has showed resilience�to recent�economic pressures with results holding up well against those posted�at�last year's record�Sale.
With 212 lots catalogued for�Day One of the two-day Sale the average was $61,128 ($61,134 in 2007) by the close of play, with a $32,500 median ($36,000 in 2007) and 61% clearance rate (70% in 2007).��Turnover is currently $6,907,500 for the 113 horses sold today.
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�Today's sale-topper Lot 62 breezing up at Te Rapa on 20 October. |
The top lot of the day came at Lot 62, a Red Ransom colt purchased by Singapore-based trainer Stephen Gray for $400,000. From Lady Circles (Ascot Knight), a half-sister to Elvstroem and Haradasun, the colt consigned by Esker Lodge breezed up in a speedy 10.66 seconds.
Ex-pat Kiwi Gray was delighted with his purchase, "He's a good looking colt with a strong stallion pedigree and was�great value at the price.
"We'll send him down to my parents place (in Palmerston North) to mature and will race him in New Zealand before we look at taking him to Singapore. We're in no hurry with him and will look to start him as a late two-year-old/early three-year-old."
The second highest price of the day�came at Lot 93 with the Zabeel colt from Macanudo (Kingdom Bay)�bought by Graeme Rogerson for $320,000. From a half-sister to the dam of Queensland Oaks winner Vouvray, the colt offered by Phoenix Park did not breeze up.
Rogerson was also the leading buyer of the�day with four horses bought for $965,000.
New Zealand Bloodstock Managing Director Sales & Marketing Petrea Vela said the sale company was�pleased with�the results posted at Karaka today.
"This is our first sale since�world financial pressures have come to bear and we are very pleased by how well the market here is holding up. We are by no means immune but certainly today's results are�heartening under the current circumstances.
"There is clear strength at the top of the market but as we anticipated buyers are selective in their purchasing and the clearance rate reflects this.�We've seen good competition on the sought after lots but it's a buyers' market�and there is still plenty of opportunity to acquire some good quality young stock over the�course of tomorrow."
Today's Sale received a notable boost from�the large turnout of international buyers active ringside at Karaka, in particular from Hong Kong, Singapore, Malaysia, Australia and Korea. The Seoul Racehorse Owners Association has been amongst the most prolific international buyers with ten two-year-olds purchased so far.
2008 Ready to Run Sale Day 1 Statistics
| 2008 Day 1 | 2007 Final | |
|---|---|---|
| AVERAGE | $61,128 | $61,134 |
| MEDIAN | $32,500 | $36,000 |
| CLEARANCE | 61% | 70% |
| AGGREGATE | $6,907,500 (113 Lots Sold) | $15,100,000 (247 Lots Sold) |
| TOP LOT | $400,000 (B.C. Red Ransom x Lady Circles)� | $500,000 (B.C Rock of Gibraltar x Run and Hide) |
Top Ten Lots
| Lot | Type | Breeding | Vendor | Purchaser | Price |
|---|---|---|---|---|---|
| 62 | BR.C | Red Ransom / Lady Circles | ESKER LODGE� | MR S GRAY (Singapore) | $400,000 |
| 93 | B.G | Zabeel / Macanudo | PHOENIX PARK | ROGERSON BLOODSTOCK (Hamilton) | $320,000 |
| 39 | B.C | Keeper / Jazzmatazz | PHOENIX PARK | MR C MCANULTY (QLD) | $300,000 |
| 143 | G.C | Galileo / Our Heather | LYNDHURST FARM | ROGERSON BLOODSTOCK (Hamilton) | $275,000 |
| 29 | B.C | Zabeel / I'm in Heaven | MANA PARK | ROGERSON BLOODSTOCK (Hamilton) | $260,000 |
| 74 | B.C | Encosta de Lago / La Veine | REGAL FARM | JOHN FOOTE BLOODSTOCK (QLD) | $260,000 |
| 107 | B.C | Dehere / Miss Candy | PHOENIX PARK | MR C MCANULTY (QLD) | $250,000 |
| 212 | B.G | Gold Mine / Shaayil | BREMNER BLOODSTOCK | MR CP BEH (Malaysia) | $185,000 |
| 204 | B.C | More Than Ready / Sapphire Girl | ESKER LODGE� | MR ONG TIONG SENG (Singapore) | $180,000 |
| 156 | B.C | Viking Ruler / Pastel | CHEQUERS STUD | WAIKATO BLOODSTOCK (Hong Kong) | $170,000 |
Leading Buyers by Aggregate
| Purchaser | Bought | Aggregate | Average | Top Price |
|---|---|---|---|---|
| ROGERSON BLOODSTOCK | 4 | $965,000 | $241,250 | $320,000 |
| NEW ZEALAND BLOODSTOCK | 15 | $717,500 | $47,833 | $100,000 |
| MR C MCANULTY | 2 | $550,000 | $275,000 | $300,000 |
| MR S GRAY | 2 | $485,000 | $242,500 | $400,000 |
| MR CP BEH | 3 | $385,000 | $128,333 | $185,000 |
Leading Sires by Average (3 or more sold)
| Sire | Sold | Average | Aggregate | Top Price |
|---|---|---|---|---|
| Keeper | 4 | $121,500 | $486,000 | $300,000 |
| Pins | 4 | $81,000 | $324,000 | $105,000 |
| Volksraad | 3 | $65,833 | $197,500 | $82,500 |
| Golan | 3 | $62,500 | $187,500 | $110,000 |
| Handsome Ransom | 4 | $61,250 | $245,000 | $100,000 |
Leading Vendors by Average (3 or more sold)
| Vendor | Sold | Average | Aggregate | Top Price |
|---|---|---|---|---|
| PHOENIX PARK | 10 | $141,150 | $1,411,500 | $320,000 |
| ESKER LODGE LTD | 6 | $140,417 | $842,500 | $400,000 |
| CHEQUERS STUD | 3 | $98,333 | $295,000 | $170,000 |
| LYNDHURST FARM | 6 | $94,333 | $566,000 | $275,000 |
| MANA PARK | 7 | $79,286 | $555,000 | $260,000 |
Leading Vendors by Aggregate
| Vendor | Sold | Aggregate | Average | Top Price |
|---|---|---|---|---|
| PHOENIX PARK | 10 | $1,411,500 | $141,150 | $320,000 |
| ESKER LODGE LTD | 6 | $842,500 | $140,417 | $400,000 |
| LYNDHURST FARM | 6 | $566,000 | $94,333 | $275,000 |
| MANA PARK | 7 | $555,000 | $79,286 | $260,000 |
| CHEQUERS STUD | 3 | $295,000 | $98,333 | $170,000 |