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Records Tumble at NZB Ready to Run Sale

Thursday, November 19, 2015

For a fourth consecutive year the New Zealand Bloodstock Ready to Run Sale set records for a two-year-old sale in Australasia with the average and aggregate both reaching new heights. Recorded today was also the highest price ever achieved by a two-year-old at the NZB Ready to Run Sale. 

lot 362 psw7402s

Lot 362 made a record price of $525,000 today.
Photo courtesy of Trish Dunell

For the first time in the Sale’s history an aggregate of over $20,000,000 has been reached. At the conclusion of the Sale the aggregate had busted through the $20 million mark to be $23,368,500, an increase of 21% from last year’s figure of $19,297,500, with 254 horses sold.

Last year’s milestone average of $80,073 has also been surpassed by this year’s average of $92,002, an increase of 15%. The record prices were accompanied by a very strong clearance rate of 81% compared with 73% last year while the median held solid at $60,000, the same as last year’s record median.

“The Sale has been going from strength to strength recently and this year’s results are phenomenal,” commented NZB’s Managing Director Andrew Seabrook. “To break through the $20 million mark for aggregate is a huge accomplishment. To see both the aggregate and average increase is extremely pleasing and we did it with a very strong clearance rate.

“We also saw a record price today which just adds to what has already been a great Sale.

“There has been a large international buying bench here this week and this shows that the success of the Sale is being recognised around the world. Particular mention has to go to our Hong Kong and Chinese buyers who have been influential at this year's Sale.

“Credit must go to our vendors who are so professional in their selection and preparation of horses for this Sale and they have brought their horses here to meet the demands of the market.”

Along with the record figures, the new record price for the NZB Ready to Run Sale was reached when Lot 362 was knocked down for $525,000 to Jacky Chun Shing of Hong Kong. Offered by Ascot Farm, he was the fastest Breeze Up of the Sale.

It was the first time Mr Chun Shing has been to New Zealand and he was pleased to buy the horse he wanted.

“I wanted to come to Karaka to see the horses and I have found it very interesting,” said Mr Chun Shing. “The money was a little higher than we expected but we still got what we wanted."

The gelding is by O’Reilly and is out of stakes performed mare Miraculous Miss (Exceed and Excel) making him a full-brother to recent stakes winner Celtic Tiger and a half-brother to multiple stakes winner Avisto (Tavistock).

The leading buyer of the Sale was Mr Lang Lin’s Inner Mongolia Rider Horse Group, purchasing 25 horses for $1,837,000 for both Rider Horse China and Rider Horse NZ. Rider Horse purchased the second top lot of the day with Lot 358 knocked down to them for $425,000. The colt is by Fastnet Rock out of a Galileo mare, Memories of You, and was purchased for Mr An Jun, who was present at Karaka, and his brother back in China. Mr An Jun travelled from Inner Mongolia with Mr Lang for the Sale.

“I am here with a large group from China and some of the top horses are going to stay here in New Zealand, some are going to Australia and some are going to China” commented Mr Lang. 

“Mr Yue Sheng Zhang from the Yulong Group, who is one of the biggest buyers from China, attended the Sale and also Mr An Jun, from Inner Mongolia.  Both race horses in Australia and the Fastnet Rock colt purchased by Mr An Jun is also going to Australia.”

Rider Horse was not the only buyer from China active at the Sale with the China Horse Club purchasing five horses for a total of $587,500.

Another record to tumble was the number of horses sold for $300,000 or more with 10 horses reaching that mark, an increase from the six sold last year which was a record in itself. There were also 32 horses that sold for $200,000 or over which is also a record, surpassing the 23 lots that sold for that price or more last year.

Hong Kong was the leading buying bench with 43 horses purchased for $6,783,000, which is over $2,000,000 more than they spent at last year’s Sale. The leading buyer from Hong Kong was trainer Manfred Man who bought three horses for a total of $730,000.

The second leading country by spend was Australia, purchasing the largest number of horses, 61, for a total of $6,693,000. The leading buyer from Australia was Mauro Poletti and Amanda Turner who purchased four horses for a total of $875,000.

Local buyers also purchased 61 horses at the Sale with their spend totalling $3,950,000. The leading kiwi-based buyer was Waikato Bloodstock who purchased four horses for $618,000 for clients in New Zealand and Hong Kong.

The Macau Jockey Club was the second leading buyer, purchasing 21 horses for a total of $1,003,500, utilising the remote auction room in Macau. Other countries to buy at the Sale were Singapore, Malaysia, Indonesia and Korea.

Jeremy Whale’s Diamond Lodge regained the leading vendor by aggregate title they held in 2013, selling 18 of their 21 horses presented for a total of $2,548,500. Their highest price of the Sale came at Lot 395, a colt by Savabeel out of Our Careyes (Sadler’s Wells), who was purchased for $360,000 by New Zealand trainer Lisa Latta.

After a highly successful first day, Prima Park continued their momentum into the second day and finished as the leading vendor by average (three or more sold). Operated by the Van Dyk family, Prima Park sold eight horses for an average of $186,875 with their top lot coming on Day 1 at Lot 184 who fetched $340,000 when purchased by Poletti and Turner.

The leading sire by average (three or more sold) was freshman sire Smart Missile who had all four of his progeny sell at an average of $248,750.

To view the highlights video from Day 2 of the NZB Ready to Run Sale, click here.

Full results from this week’s 2015 Ready to Run Sale can be viewed online. To make enquiries about any Passed Lots visit www.nzb.co.nz

2015 Ready to Run Sale Statistics
2015 Ready to Run Sale 2014 Ready to Run Sale
AGGREGATE
$23,368,500
$19,297,500
AVERAGE
$92,002
$80,073
MEDIAN $60,000 $60,000
CLEARANCE 81% 73%
CATALOGUED 397 396
SOLD 254 241
TOP LOT $525,000 (B.G O'Reilly x Miraculous Miss) $460,000 (BR.C Savabeel x Bling)
Top Lots
Lot Type Breeding Vendor Buyer Price
362 B.G O'Reilly / Miraculous Miss Ascot Farm Mr IP Chun Shing (Hong Kong) $525,000
358 BB.C Fastnet Rock / Memories of You Lyndhurst Farm Rider Horse China (China) $425,000
395 B.C Savabeel / Our Careyes Diamond Lodge Lisa Latta Racing Stables (Palmerston North) $360,000
184 B.C Sebring / Brilliant Jewel Prima Park Poletti Corporation (New South Wales) $340,000
243 BR.C Iffraaj / Electricity Bauhinia Racing  NZB as agent (Hong Kong) $340,000
288 B.C O'Reilly / Holiday in Goa Esker Lodge Mr Peter Ho Leung (Hong Kong) $325,000
296 B.C More Than Ready / Imananabaa Diamond Lodge Poletti Corporation (New South Wales) $325,000
222 B.G Tavistock / Dastaria Brighthill Farm Freedman Racing (Victoria) $320,000
380 B.G Exceed and Excel / Nandi Ascot Farm Waikato Bloodstock (Hong Kong) $310,000
23 BR.C Savabeel / Quatro Mana Park NZB as agent (Auckland) $300,000
Leading Purchasers by Aggregate
Purchaser Bought Aggregate Average Top Price Top Lot
Rider Horse China (China) 20 $1,737,000 $86,850 $425,000 358
NZB as agent 20 $1,645,500 $82,275 $340,000 243
Macau Jockey Club (Macau) 21 $1,003,500 $47,786 $100,000 265
Poletti Corporation (New South Wales) 4 $875,000 $218,750 $340,000 184
Mr M Man (Hong Kong) 3 $730,000 $243,333 $260,000 115
Mr SD Baertschiger (Singapore) 5 $680,000 $136,000 $160,000 142
Waikato Bloodstock (Cambridge) 4 $618,000 $154,500 $310,000 380
Mr PL Ho (Hong Kong) 3 $615,000 $205,000 $325,000 288
Lisa Latta Racing Stables (Palmerston North) 2 $600,000 $300,000 $360,000 395
China Horse Club (China) 5 $587,500 $117,500 $260,000 346
Mr IP Chun Shing (Hong Kong) 1 $525,000 $525,000 $525,000 362
Leading Vendors by Aggregate
Vendor Sold Aggregate Average Top Price Top Lot
Diamond Lodge 18 $2,548,500 $141,583 $360,000 395
Riversley Park  16 $1,944,000 $121,500 $260,000 115
Lyndhurst Farm 11 $1,847,500 $167,955 $425,000 358
Kiltannon Stables  20 $1,785,500 $89,275 $220,000 273
Kilgravin Lodge 23 $1,703,000 $74,043 $200,000 127
Prima Park 8 $1,495,000 $186,875 $340,000 184
Mana Park 8 $1,255,000 $156,875 $300,000 23
Esker Lodge 11 $985,000 $89,545 $325,000 288
Regal Farm 9 $970,000 $107,778 $200,000 258
Westbury Stud 15 $868,500 $57,900 $150,000 136
Leading Vendors by Average (three or more sold)
Vendor  Sold Average Aggregate Top Price Top Lot
Prima Park 8 $186,875 $1,495,000 $340,000 184
Lyndhurst Farm 11 $167,955 $1,847,500 $425,000 358
Mana Park 8 $156,875 $1,255,000 $300,000 23
Diamond Lodge 18 $141,583 $2,548,500 $360,000 395
Anzac Lodge 5 $132,000 $660,000 $200,000 290
Riversley Park  16 $121,500 $1,944,000 $260,000 115
Brighthill Farm 4 $115,125 $460,500 $320,000 222
Regal Farm 9 $107,778 $970,000 $200,000 258
Phoenix Park 6 $97,833 $587,000 $145,000 107
Esker Lodge 11 $89,545 $985,000 $325,000 288
Leading Sires by Average (three or more sold)
Sire Sold Average Aggregate Top Price Top Lot
Smart Missile* 4 $248,750 $995,000 $275,000 221
Savabeel 10 $203,500 $2,035,000 $360,000 395
O'Reilly 10 $176,250 $1,762,500 $525,000 362
Iffraaj 3 $160,833 $482,500 $340,000 243
Tavistock 10 $146,500 $1,465,000 $320,000 222
Pentire 4 $130,000 $520,000 $240,000 133
Hussonet 4 $125,000 $500,000 $260,000 346
Foxwedge* 6 $98,333 $590,000 $160,000 219
Per Incanto 11 $93,409 $1,027,500 $210,000 118
Nadeem 6 $89,167 $535,000 $165,000 327

*First season sire