Scorching Start to Karaka 2007
29 January 2007
In a vein familiar to thoroughbred auctions around the world, the first day of the 81st National Yearling Sales Series at Karaka has kicked off the week of selling in�scorching style with record-breaking results.
A�NZ$1,300,000 colt from champion racemare, Ethereal, topped a day of highlights which included a record median of NZ$120,000, up 50% from NZ$80,000 last year, and 33% up on the previous record of NZ$90,000 in 2005. At the same point in the Sale last year (after 230 lots), the median was NZ$90,000.
The Sale average - with half the Premier catalogue still to come - is currently NZ$146,898, up from a final Premier Sale average of NZ$127,072 and an average at the same point in the Sale last year of a shade under NZ$120,000.
At the end of Day One the session clearance rate was 81.6%,�in line with�a final session clearance rate of 81% last year.
New Zealand Bloodstock Marketing Manager, Petrea Vela, commented on the strength of demand�at the half-way point of the�Premier Sale: "The day has exceeded our pre-sale expectations and we are delighted that we have been able to achieve such successful figures this early in the Sale. Demand got stronger and stronger over the course of the day with the average and median climbing steadily to post the strongest opening session results ever recorded at Karaka."
"The buying bench is as large as we have seen at Karaka for some time, particularly from Australia,�with a strong presence from Hong Kong in addition to active buyers from England, Ireland,�Singapore and Japan. Overall it has been a great start to the 2007 Premier Sale and bodes well for the week ahead."�
Leading New Zealand buyer, David Ellis, secured�the only seven-figure lot of the
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�Lot 137 NZ$1,300,000 colt by Stravinsky out of Ethereal |
Te Akau principal, David Ellis, said he has been a fan of the colt since he was a foal:�"I have visited this colt many times and he has been a beautiful colt since day one.�Mark and I have had insider knowledge�since his half-sister, Uberalles, is in our stable�and is a sensational�filly�and certain to win a Group 1 race.�So we�are�thrilled to have secured her half-brother, one of the top colts of the Sale."
"I had unprecedented interest from new and existing owners wanting to share in him and he has been embarrassingly over-subscribed. But I am�delighted to have retained him for the New Zealand industry."�
Ellis was the leading buyer for the day with 10 lots purchased for NZ$3,082,500. Second was the Hong Kong Jockey Club which has bought 16 yearlings for NZ$2,525,000, including a top price of NZ$270,000 for Lot 166, a colt from Gaysutina by Towkay, sire of last night's Hong Kong�Group 1 Steward's Cup winner, Armada.
It was New Zealand champion sire, Zabeel, who currently�leads the sires table by average with three or more sold,�with 13 yearlings�sold for an average of NZ$222,692,�and a top price of NZ$600,000 for Lot 178, a filly out of Brief Truce mare, Grace and Power.
Karaka Premier Sale Day 1�Statistics
| Day 1 2007 | After 230 in 2006 | Overall 2006� | |
|---|---|---|---|
| Average | $146,898 | $119,956 | $127,072 |
| Aggregate | $26,735,500 | $20,512,500 | $49,558,000 |
| Lots Catalogued | 230 | 230 | 516 |
| Lots Sold | 182 | 171 | 390 |
| Clearance Rate | 81.60% | 74% | 81% |
| Median | $120,000 | $90,000 | $80,000 |
| 2007 Top Price - Stravinsky x Ethereal Colt (Lot 137) | $1,300,000 | ||
| 2006 Top Price - Stravinsky x�Grand Echezeaux�Colt� (Lot 341) | $2,200,000 | ||
Day 1 Top Ten Lots
| Lot | Type | Breeding | Vendor | Purchaser | Price |
|---|---|---|---|---|---|
| 137 | B.C | Stravinsky / Ethereal | PENCARROW STUD | MR DC ELLIS (Te Akau) | $1,300,000 |
| 159 | BR.F | Redoute's Choice / Foxtrot | LITTLE AVONDALE STUD | ROBERT ROULSTON BLOODSTOCK (VIC) | $700,000 |
| 198 | BB.C | Redoute's Choice / How About That | ASCOT FARM | MR DC ELLIS (Te Akau) | $680,000 |
| 178 | B.F | Zabeel / Grace and Power | PENCARROW STUD | NEW ZEALAND BLOODSTOCK (as agent) | $600,000 |
| 119 | B.C | Zabeel / Diamond Lover | CAMBRIDGE STUD | FREEDMAN BROS (VIC) | $425,000 |
| 138 | B.F | General Nediym / Etoile Centieme | WAIKATO STUD� | DORMELLO STUD (Hamilton) | $380,000 |
| 195 | C.C | Jungle Pocket / Hello Dolly | RICH HILL THOROUGHBREDS | MR K YOSHIDA (Japan) | $360,000 |
| 32 | C.F | Fusaichi Pegasus / Allez France | CURRAGHMORE STUD | JAMES BESTER BLOODSTOCK (NSW) | $330,000 |
| 176 | B.F | Encosta de Lago / Good Faith | CURRAGHMORE STUD | RAMSEY PASTORAL (NSW) | $310,000 |
| 134 | B.C | Montjeu / Endless Joy | LYNDHURST FARM | DOMINION BLOODSTOCK AGENCY (Putaruru) | $300,000 |
Day 1 Top Ten Buyers
| Name | Bought | Aggregate | Average | Top Price |
|---|---|---|---|---|
| MR DC ELLIS | 10 | $3,082,500 | $308,250 | $1,300,000 (Lot 137) |
| HONG KONG JOCKEY CLUB | 16 | $2,525,000 | $157,813 | $270,000 (Lot 166) |
| DORMELLO STUD | 9 | $1,630,000 | $181,111 | $380,000 (Lot 138) |
| ROBERT ROULSTON BLOODSTOCK | 7 | $1,325,000 | $189,286 | $700,000 (Lot 159)� |
| NEW ZEALAND BLOODSTOCK (as agent) | 4 | $965,000 | $241,250 | $600,000 (Lot 178)� |
| MR D O'BYRNE | 5 | $855,000 | $171,000 | $270,000 (Lot 223) |
| MR JB CUMMINGS | 4 | $845,000 | $211,250 | $290,000 (Lot 6)� |
| JOHN CHALMERS BLOODSTOCK | 8 | $790,000 | $98,750 | $200,000 (Lot 168)� |
| MR DOMINIC KK LI | 4 | $590,000 | $147,500 | $260,000 (Lot 41) |
| ROGERSON BLOODSTOCK | 3 | $515,000 | $171,667 | $240,000 (Lot 103) |
Day 1 Top Ten Vendors by Aggregate
| Stud | Sold | Aggregate | Average | Top Price |
|---|---|---|---|---|
| CAMBRIDGE STUD | 22 | $3,245,000 | $147,500 | $425,000 |
| PENCARROW STUD | 10 | $3,060,000 | $306,000 | $1,300,000 |
| WAIKATO STUD | 15 | $2,545,000 | $169,667 | $380,000 |
| WINDSOR PARK STUD | 17 | $1,853,500 | $109,029 | $300,000 |
| CURRAGHMORE STUD | 7 | $1,690,000 | $241,429 | $330,000 |
| LITTLE AVONDALE STUD | 6 | $1,480,000 | $246,667 | $700,000 |
| RICH HILL THOROUGHBREDS | 7 | $1,245,000 | $177,857 | $360,000 |
| HAUNUI FARM | 9 | $1,072,500 | $119,167 | $240,000 |
| ASCOT FARM | 4 | $1,005,000 | $251,250 | $680,000 |
Day 1 Top Ten Vendors by Average
| Stud | Sold | Aggregate | Average | Top Lot |
|---|---|---|---|---|
| PENCARROW STUD | 10 | $3,060,000 | $306,000 | $1,300,000 |
| ASCOT FARM | 4 | $1,005,000 | $251,250 | $680,000 |
| LITTLE AVONDALE STUD | 6 | $1,480,000 | $246,667 | $700,000 |
| CURRAGHMORE STUD | 7 | $1,690,000 | $241,429 | $330,000 |
| RICH HILL THOROUGHBREDS | 7 | $1,245,000 | $177,857 | $360,000 |
| WESTBURY STUD | 3 | $520,000 | $173,333 | $220,000 |
| WAIKATO STUD | 15 | $2,545,000 | $169,667 | $380,000 |
| LYNDHURST FARM | 5 | $782,500 | $156,500 | $300,000 |
| CAMBRIDGE STUD | 22 | $3,245,000 | $147,500 | $425,000 |
| ESKER LODGE | 7 | $977,500 | $139,643 | $270,000 |
Day 1 Top Ten�Sires by�Average
| Sire | Sold | Aggregate | Average | Top Price |
|---|---|---|---|---|
| Zabeel | 13 | $2,895,000 | $222,692 | $600,000 |
| Encosta de Lago | 5 | $1,090,000 | $218,000 | $310,000 |
| Stravinsky | 20 | $4,250,000 | $212,500 | $1,300,000 |
| Rock of Gibraltar | 3 | $565,000 | $188,333 | $225,000 |
| Flying Spur | 3 | $540,000 | $180,000 | $220,000 |
| Montjeu | 11 | $1,962,000 | $178,364 | $300,000 |
| Giant's Causeway | 3 | $535,000 | $178,333 | $250,000 |
| No Excuse Needed | 3 | $450,000 | $150,000 | $290,000 |
| Volksraad | 3 | $410,000 | $136,667 | $300,000 |
| Pins | 10 | $1,340,000 | $134,000 | $250,000 |