Records Broken at Karaka Premier Sale

30 January 2007

  • Record Premier Sale Aggregate
  • Sunline Colt Tops Sale at NZ$2m
  • Median Up 38%
  • Average up 24%
  • Four Lots over $1m

It has been a sensational conclusion to the 2007 Premier Sale at Karaka, with the aggregate, median and average shattering previous records.

The two-day Premier Sale featured 459 catalogued lots, with 363 sold for an all-time record Premier Sale aggregate of NZ$56,834,000. This is 14% up on last year's aggregate of NZ$49,743,000 for 395 lots sold, and topped the�previous record for this Sale of NZ$55,020,000 for 429 lots sold in 2000.

The final Premier session average was NZ$156,567 up 24% from NZ$127,072 last year, also up 23% on the previous record average of NZ$128,252 when Don Eduardo topped the Sale at NZ$3.6m in 2000.

The all-important Sale median finished up at NZ$110,000 up 38% from last year's NZ$80,000, and up 22% on the record of NZ$90,000. The clearance rate was a�pleasing 84%, up from 81% in 2006.

New Zealand Bloodstock Marketing Manager, Petrea Vela, was delighted with the outcome of the Sale, "It has been a sensational result for the industry, with record returns to vendors and a strong median and clearance rate showing that there was genuine strength and depth to the market. A combination of marketing strategies, the new Karaka Million race and a revival of confidence in our domestic industry has paid dividends for our Sale this year and it is heartening to see both buyers and vendors pleased with the outcome."�

"Particularly pleasing was the buying bench assembled at Karaka, one of the strongest we have seen here in some time. There was overwhelming demand for good quality bloodstock, continuing a trend we have seen around the world over the past months. New Zealand buyers were also out in force which we hope will continue throughout the rest of the week at Karaka."

The�Sale featured four seven-figure yearlings, highlighted late on Day Two by the colt from iconic New Zealand racemare, Sunline, by New Zealand champion sire, Zabeel,�which topped the Sale at $2,000,000 to become the third highest priced horse ever sold at Karaka.

Lot-411

�Lot 411 NZ$2,000,000 Colt from Sunline by Zabeel.

Purchaser Don Ha, a real estate broker �from Auckland,�said he only decided yesterday to target the colt and looked at him for the first time today.�"I was motivated by the success of horses like Darci Brahma and thought there is only one opportunity to buy a horse like this. I plan to form a syndicate to race him and, with his pedigree,�keep him as a future stallion prospect."

In racing seven years, previously the most Ha has ever spent on a horse was NZ$60,000, but he said he had no limit on his budget for this colt. Ha has offered the colt to part-owner, Stephen McKee to train. "It was a bolt out of the blue when he asked me but of course I'm overjoyed. It couldn't really get any better," said McKee.

Two other colts also�passed the magical million dollar mark today,�the first of the day�being a Redoute's Choice colt from Mascara Magic bought by Peter Moody for NZ$1,300,000 for a syndicate of Australasian owners.

Moody enthused, "He is a lovely horse, with quite a bit of Danehill about him, but�very athletic with a good attitude. He is a good racehorse for Australia and a good stallion prospect for New Zealand.� He's coped phenomenally well at the Sale and an attitude like that goes a long way towards making a good racehorse."�

At Lot 314, a Lonhro colt from Royal Academy mare, Palme d'Or, fetched NZ$1,050,000 to the bid of New Zealand trainer, Graeme Stubbings. From the family of Belle du Jour, the colt was offered by Ascot Farm.

The leading buyer of the Premier Sale�for the second year was David Ellis with 16 yearlings purchased for an aggregate of NZ$4,805,5000, including the top lot of Day One, a colt by Stravinsky from Melbourne and Caulfield Cups winner, Ethereal.�The colt�bred by Peter and Philip Vela's�Pencarrow Stud was bought by Ellis for NZ$1,300,000.�

Second leading buyer was the Hong Kong Jockey Club, securing 24 yearlings for both the HKJC International Sale and the newly re-introduced Subscription Griffen Scheme.�The HKJC's top priced yearling was Lot 425, a colt by O'Reilly from The Grin (Grosvenor), a brother to 2003 Champion 3YO, The Jewel, and second top 2YO colt in New Zealand in 2006, The One. He is destined for the HKJC International Sale in December.

With more than 50% of purchases destined offshore, the results sheets recorded buyers from England, Ireland, Japan, Singapore, the United States�and right across Australia and New Zealand.

The leading vendor by average was Bruce and Maureen Harvey's Ascot Farm, who sold 14 yearlings for a total of NZ$3,850,000. The leading vendor by aggregate for the 26th year in a row was Sir Patrick Hogan's Cambridge Stud, vendor of 41 yearlings for NZ$8,915,000 and an average of NZ$217,439, including the top priced Sunline colt.

Once again it was Australian sire Redoute's Choice who was in hot demand, featuring at the top of the sires list with 6 sold for an average of NZ$676,667. First season sire, Lonhro, featured second with three sold for an average of NZ$410,000.

Karaka Premier Sale Statistics

Overall 2007 Overall 2006�
Average

$156,567

$127,072

Aggregate

$56,834,000

$49,558,000

Lots Catalogued

459

516

Lots Sold

363

390

Clearance Rate

84%

81%

Median

$110,000

$80,000

2007 Top Price - Zabeel x Sunline Colt (Lot 411)

$2,000,000

2006 Top Price - Stravinsky x�Grand Echezeaux�Colt� (Lot 341)

$2,200,000

Premier Sale Top Ten Lots

Lot Type Breeding Vendor Purchaser Price

411

B.C Zabeel / Sunline CAMBRIDGE STUD MANUKAU BLOODSTOCK (Auckland) $2,000,000

137

B.C Stravinsky / Ethereal PENCARROW STUD MR DC ELLIS (Te Akau) $1,300,000

267

B.C Redoute's Choice / Mascara Magic HAUNUI FARM MR P MOODY (Victoria) $1,300,000

314

BR.C Lonhro / Palme d'Or ASCOT FARM EQUINE & LIVESTOCK (Hamilton) $1,050,000

381

B.C Encosta de Lago / Slip Sliding CURRAGHMORE STUD MR DC ELLIS (Te Akau) $725,000

159

BR.F Redoute's Choice / Foxtrot LITTLE AVONDALE STUD ROBERT ROULSTON BLOODSTOCK (Victoria) $700,000

198

BB.C Redoute's Choice / How About That ASCOT FARM MR DC ELLIS (Te Akau) $680,000

280

B.F Encosta de Lago / Miss Helga CURRAGHMORE STUD BBA - IRELAND (Ireland) $625,000

178

B.F Zabeel / Grace and Power PENCARROW STUD NEW ZEALAND BLOODSTOCK (as agent) $600,000

254

B.F Redoute's Choice / Luna Tudor TRELAWNEY STUD MR JB CUMMINGS (NSW) $600,000

Premier Sale Top Ten Purchasers

Purchaser Bought Aggregate Average Top Price
MR DC ELLIS (Te Akau)

16

$4,805,500 $300,344 $1,300,000
HONG KONG JOCKEY CLUB (Hong Kong)

24

$3,995,000 $166,458 $510,000
ROGERSON BLOODSTOCK/DORMELLO STUD (Hamilton)

24

$3,550,000 $147,917 380000
MANUKAU BLOODSTOCK (Auckland)

1

$2,000,000 $2,000,000 $2,000,000
ROBERT ROULSTON BLOODSTOCK (VIC)

10

$1,837,500 $183,750 $700,000
MR P MOODY (Victoria)

4

$1,555,000 $388,750 $1,300,000
NEW ZEALAND BLOODSTOCK (as agent)

9

$1,507,500 $167,500 $600,000
MR JB CUMMINGS (NSW)

5

$1,445,000 $289,000 $600,000
BRUCE PERRY BLOODSTOCK (Masterton)

7

$1,324,000 $189,143 $440,000
MR D O'BYRNE (Ireland)

7

$1,145,000 $163,571 $270,000

Premier Sale Top Ten Vendors by Aggregate

Vendor Sold Aggregate Average Top Price
CAMBRIDGE STUD

41

$8,915,000 $217,439 $2,000,000
CURRAGHMORE STUD

22

$5,090,000 $231,364 $725,000
PENCARROW STUD

17

$4,380,000 $257,647 $1,300,000
WAIKATO STUD

31

$4,365,000 $140,806 $380,000
ASCOT FARM

14

$3,850,000 $275,000 $1,050,000
WINDSOR PARK STUD

33

$3,754,000 $113,758 $300,000
HAUNUI FARM

14

$3,127,500 $223,393 $1,300,000
TRELAWNEY STUD

22

$2,670,000 $121,364 $600,000
LITTLE AVONDALE STUD

10

$2,390,000 $239,000 $700,000
RICH HILL THOROUGHBREDS

13

$1,910,000 $146,923 $360,000

Premier Sale Top Ten Vendors by Average

Vendor Sold Average Aggregate Top Price
ASCOT FARM

14

$275,000 $3,850,000 $1,050,000
PENCARROW STUD

17

$257,647 $4,380,000 $1,300,000
LITTLE AVONDALE STUD

10

$239,000 $2,390,000 $700,000
CURRAGHMORE STUD

22

$231,364 $5,090,000 $725,000
HAUNUI FARM

14

$223,393 $3,127,500 $1,300,000
CAMBRIDGE STUD

41

$217,439 $8,915,000 $2,000,000
BLOOMSBURY STUD

3

$186,667 $560,000 $210,000
WHAKANUI STUD

3

$181,667 $545,000 $250,000
WESTBURY STUD

3

$173,333 $520,000 $220,000
RODMOR STUD

7

$165,714 $1,160,000 $510,000

Premier Sale Top Five First Season Sires (3 or more sold)

Sire Sold Average Aggregate Top Price
Lonhro

3

$410,000 $1,230,000 $1,050,000
Falbrav

3

$196,667 $590,000 $300,000
Exceed and Excel

3

$166,667 $500,000 $300,000
Reset

6

$142,500 $855,000 $200,000
Thorn Park

13

$133,846 $1,740,000 $260,000

Premier Sale Leading Sires by Average (3 or more sold)

Sire Sold Average Aggregate Top Price
Redoute's Choice

6

$676,667 $4,060,000 $1,300,000
Lonhro

3

$410,000 $1,230,000 $1,050,000
Encosta de Lago

11

$322,273 $3,545,000 $725,000
Zabeel

22

$299,318 $6,585,000 $2,000,000
Stravinsky

32

$202,969 $6,495,000 $1,300,000
Falbrav

3

$196,667 $590,000 $300,000
General Nediym

3

$195,000 $585,000 $380,000
More Than Ready

5

$186,000 $930,000 $320,000
Flying Spur

3

$180,000 $540,000 $220,000
Giant's Causeway

5

$171,000 $855,000 $250,000

The National Yearling Sales Series continues at Karaka with�the first day of the Select Sale starting at 2pm tomorrow (31 January). A live webcast of the Select Sale can be viewed online at http://www.nzb.co.nz/.

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