Selling Success at Inaugural Carnival Sale
9 March 2007
The inaugural Carnival Yearling Sale was conducted at Karaka today with a successful day's trade marking the end of New Zealand Bloodstock's 2007 National Yearling Sales Series.
From 259 horses catalogued the average price for�the 156 sold was $25,059 which compares well with the National Yearling Sales results where the second session Select Sale average was NZ$49,715 and the third session Festival Sale average was NZ$12,593. The Sale median was $20,000.
The clearance rate climbed steadily from a slow start early in the day to finish at 69%, with total takings for the session�of NZ$3,909,250.
These results bring overall�turnover for the 2007 Yearling Sales Series to NZ$85,284,950�from 1498�yearlings catalogued and 1177 sold, compared with NZ$65,721,500 for 1528 catalogued and 1043 sold last year.�
Marketing Manager Petrea Vela summed up the days proceedings, "As a sales opportunity this was pitched at the Select/Festival quality yearling that might benefit from the extra few weeks in the paddock or might particularly appeal to the buying bench we would attract at this Sale. I think today's results have met that expectation, and in many cases exceeded it, with the average price holding up well compared with the Select and Festival Sales and a number of the top quality lots selling extremely well."
"This Sale was always going to be a good test of how robust our domestic market in fact is and�it has held up�well. It can take a while for both buyers and vendors to have confidence in any new initiative but overall we are pleased with today's results and are�certain�that, with good support next year, this can be a solid foundation for us to build on."
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�Sale topping colt Lot 161 by Invincible Spirit |
Ellis had nothing but praise for his latest acquisition, and the new Karaka sales initiative. "This is a beautiful colt that we have bought to target the Karaka Million at Ellerslie. We probably�paid a bit more than we had intended to spend but�it's not unusual to have to pay overs to secure good colts and we are very happy to add him to our stable."
"I am surprised by how strong the sale has been today with good types demanding�extremely good prices. I have seen buyers here from all over the country which is a credit to the New Zealand Bloodstock team and also an indicator of the revival our industry is experiencing thanks in�large part to Winston Peter's tax changes. I think this Sale is definitely one to be repeated -�it fits in well with Cup week and helps us greatly in our mission to try and get more racing enthusiasts out�bidding and buying at�Karaka."�
From a predominantly domestic buying bench the leading buyer of the Sale was Dean Hawthorne who bought seven yearlings for an average of $37,643 and an aggregate of NZ$263,500.� The second leading buyer was Queensland bloodstock agent John Foote who bought three yearlings for NZ$174,500 including the third top priced lot of the Sale for NZ$90,000.
The�new Sale was introduced at the request of vendors who wanted a sales opportunity for their yearlings around the new Auckland Racing Club Cup Carnival. Those vendors who had a particularly successful day's selling included Tom & Shelley Murtagh's Esker Lodge,�the leading vendor by both aggregate and average (with three or more sold) after selling eight yearlings for an aggregate of $349,000 and an average of NZ$43,625, including the top lot of the day.
All yearlings bought today are eligible to be entered in the Karaka Million, the new one million dollar race for Karaka sale graduates,�and the Carnival Sale Bonus Race set for New Zealand Derby Day in 2008.
2007 Carnival Sale Statistics
| � | 2007 |
|---|---|
| Average | $25,059 |
| Aggregate | $3,909,250 |
| Lots Catalogued | 259 |
| Lots Sold | 156 |
| Clearance Rate | 69% |
| Median | $20,000 |
| 2007 Top Price - Lot 161 Invincible Spirit x Muffin McLay | $120,000 |
Top Ten Lots
| Lot | Type | Breeding | Vendor | Purchaser | Price |
|---|---|---|---|---|---|
| 161 | B.C | Invincible Spirit / Muffin McLay | ESKER LODGE� | MR DC ELLIS (Te Akau) | $120,000 |
| 31 | C.C | Stravinsky / Blurred | CAMBRIDGE STUD | MR TONY PIKE (Cambridge) | $92,500 |
| 80 | C.C | Pins / Exposed | ANCROFT STUD� | JOHN FOOTE BLOODSTOCK (Queensland) | $90,000 |
| 210 | B.F | Van Nistelrooy / Sayyida | TRELAWNEY STUD | MRS C TAYLOR (Cambridge) | $81,000 |
| 248 | C.C | Testa Rossa / Sweeping Success | TWIN PINE THOROUGHBREDS� | DEAN HAWTHORNE BLOODSTOCK (Cambridge) | $72,500 |
| 78 | C.C | No Excuse Needed / Energetic Dancer | CURRAGHMORE STUD� | MR RA JAMES (Cambridge) | $70,000 |
| 105 | B.C | Pins / Huntley Lass | CURRAGHMORE STUD� | MR SG MUNRO (Cambridge) | $70,000 |
| 61 | C.C | Stravinsky / Court | CAMBRIDGE STUD | ROGERSON BLOODSTOCK (Hamilton) | $65,000 |
| 190 | B.F | Volksraad / Pure Intrigue | SIR JAMES LODGE� | MR RA JAMES (Cambridge) | $62,500 |
| 39 | C.C | Kaapstad / Cape Hill | LYNDHURST FARM | NEW ZEALAND BLOODSTOCK (as agent) | $60,000 |
Leading Vendors by Average (3 or more sold)
| Vendor | Sold | Average | Aggregate | Top Price |
|---|---|---|---|---|
| ESKER LODGE� | 8 | $43,625 | $349,000 | $120,000 |
| LYNDHURST FARM | 4 | $36,250 | $145,000 | $60,000 |
| TWIN PINE THOROUGHBREDS� | 6 | $36,000 | $216,000 | $72,500 |
| CAMBRIDGE STUD | 8 | $35,063 | $280,500 | $92,500 |
| WELLFIELD LODGE | 4 | $34,500 | $138,000 | $52,000 |
| TRELAWNEY STUD | 3 | $32,667 | $98,000 | $81,000 |
| WESTBURY STUD� | 5 | $32,500 | $162,500 | $52,500 |
| CURRAGHMORE STUD� | 8 | $32,375 | $259,000 | $70,000 |
| WAIKATO STUD� | 3 | $29,500 | $88,500 | $46,000 |
| WINDSOR PARK STUD | 7 | $26,714 | $187,000 | $46,000 |
Leading Vendors by Aggregate
| Vendor | Sold | Aggregate | Average | Top Price |
|---|---|---|---|---|
| ESKER LODGE� | 8 | $349,000 | $43,625 | $120,000 |
| CAMBRIDGE STUD | 8 | $280,500 | $35,063 | $92,500 |
| CURRAGHMORE STUD� | 8 | $259,000 | $32,375 | $70,000 |
| TWIN PINE THOROUGHBREDS� | 6 | $216,000 | $36,000 | $72,500 |
| BRIGHTHILL FARM | 9 | $188,000 | $20,889 | $40,000 |
| WINDSOR PARK STUD� | 7 | $187,000 | $26,714 | $46,000 |
| WESTBURY STUD� | 5 | $162,500 | $32,500 | $52,500 |
| LYNDHURST FARM | 4 | $145,000 | $36,250 | $60,000 |
| WELLFIELD LODGE | 4 | $138,000 | $34,500 | $52,000 |
| PHOENIX PARK | 5 | $123,000 | $24,600 | $55,000 |
Leading Buyers by Aggregate
| Purchaser | Bought | Aggregate | Average | Top Price |
|---|---|---|---|---|
| NEW ZEALAND BLOODSTOCK (as agent) | 19 | $437,000 | $23,000 | $60,000 |
| DEAN HAWTHORNE BLOODSTOCK (Cambridge) | 7 | $263,500 | $37,643 | $72,500 |
| JOHN FOOTE BLOODSTOCK (Queensland) | 3 | $174,500 | $58,167 | $90,000 |
| MR DC ELLIS (Te Akau) | 2 | $170,000 | $85,000 | $120,000 |
| MR SG MUNRO (Cambridge) | 3 | $165,000 | $55,000 | $70,000 |
| MR RA JAMES (Cambridge) | 3 | $162,500 | $54,167 | $70,000 |
| MR RB PRISCOTT (Te Awamutu) | 4 | $115,500 | $28,875 | $42,500 |
| MR J SARGENT (Matamata) | 3 | $111,000 | $37,000 | $50,000 |
| ROGERSON BLOODSTOCK (Hamilton) | 2 | $95,000 | $47,500 | $65,000 |
| MR PA WILLETTS (Auckland) | 4 | $95,000 | $23,750 | $32,000 |
Leading Sires by Average (3 or more sold)
| Sire | Sold� | Average | Aggregate | Top Price |
|---|---|---|---|---|
| Stravinsky | 3 | $66,167 | $198,500 | $92,500 |
| Pins | 5 | $47,600 | $238,000 | $90,000 |
| Faltaat | 3 | $42,833 | $128,500 | $52,500 |
| Thorn Park | 7 | $37,071 | $259,500 | $55,000 |
| Volksraad | 5 | $33,700 | $168,500 | $62,500 |
| No Excuse Needed | 5 | $29,800 | $149,000 | $70,000 |
| Golan | 6 | $28,833 | $173,000 | $35,000 |
| Van Nistelrooy | 4 | $28,000 | $112,000 | $81,000 |
| Captain Rio | 6 | $27,000 | $162,000 | $40,000 |
| Black Minnaloushe | 5 | $25,200 | $126,000 | $50,000 |
Leading First Season Sires by Average (3 or more sold)
| Sire | Sold� | Average | Aggregate | Top Price |
|---|---|---|---|---|
| Thorn Park | 7 | $37,071 | $259,500 | $55,000 |
| Captain Rio | 6 | $27,000 | $162,000 | $40,000 |
| Storm Creek | 8 | $21,875 | $175,000 | $45,000 |
| Danroad | 5 | $21,600 | $108,000 | $36,000 |
| Ekraar | 4 | $17,875 | $71,500 | $40,000 |
| Elusive City | 3 | $16,667 | $50,000 | $22,000 |
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