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Massive Increases as Karaka Select Sale Concludes
Friday, Jan 29, 2016

Photo:Today's top price of $220,000 came at Lot 1053. Courtesy of Trish Dunell.

A booming Karaka 2016 Select Sale posted massive increases on last year’s successful Sale and even threatened the record books as it concluded today.

The 2008 Select Sale holds the record for median, aggregate and average with this year’s figures the second best on record behind those set during the historic 2008 National Yearling Sales Series.

At the end of the three-day Sale, the median finished at $47,500 which is just $500 away from the record median for the Sale. Today’s final median was 36% higher than last year’s figure of $35,000 and, remarkably, this year’s median outperformed last year’s average of $46,813.

With 456 horses sold, 65 more than last year, the aggregate for the Sale was $26,326,700, an extraordinary 44% above last year’s aggregate of $18,304,000. After just two days of the Sale the aggregate had been surpassed. Today’s final figure was $2,512,800 shy of 2008's all-time record of $28,839,500.

The average price finished at $57,734, just $1,975 behind the record figure of $59,709. This year’s figure was a whopping 23% above last year’s average of $46,813.

The clearance rate was a very healthy 79%, compared with 75% from last year’s successful Sale.

The spend by Australians increased by a colossal 83% with buyers from across the Tasman purchasing 97 horses for $7,324,700, compared with the $4m they spent at the Sale last year.

“We were confident we could have a good Select Sale off the back of a superb Premier Sale but these results have been better than we ever imagined,” commented NZB’s Managing Director Andrew Seabrook. “A true reflection of how strong the Sale was is the fact that the median was higher than last year’s average.

“There has not been a negative point to the Sale with all figures increasing and a healthy clearance rate throughout the three days.

“It was great to see a huge Australian presence for the three-days of this Sale; they have spent more money at the Select Sale than they have in a long time.

“We must acknowledge the wonderful vendors that have presented a product that suited the market. New Zealand thoroughbreds have enjoyed a stellar 12 months on the racetrack and this week’s Sale success is due reward for breeders.”

The top price on the final day of the Sale came at Lot 1053 with young local bloodstock agent Glen Harvey going to $220,000 to secure the colt by Showcasing out of My Other Woman (Fusaichi Pegasus) from Haunui Farm.

The colt was purchased for Ascot Farm, operated by Harvey’s parents Bruce and Maureen, and he could be destined to come back through the Karaka sale ring at the NZB Ready to Run Sale in November.

“Glen picked him out a few days ago and said ‘I’ve found the horse that I want’,” commented Bruce Harvey. “He’ll come home, we’ll break him in and see how we go but the intention is to send him to the Ready to Run Sale.

“Showcasing can leave a good horse in New Zealand and Australia and they’re performing well. His offspring have gone very well in the Karaka Million and even though you don’t need to rush, because there’s now a Karaka Million three-year-old race, it’s nice to know he can leave a good horse that can run.”

The second highest priced horse of the day came at Lot 1066, a colt by Rip Van Winkle out of Off and On (Cape Cross) purchased for $170,000 by NZB as agent from Mapperley Stud.

Domestic buyers were strong across the three days of the Sale with seven of the top individual 10 buyers based in New Zealand. The leading individual buyer was Paul Moroney with 12 horses purchased for $1,077,500. His most expensive outlay came at Lot 770, a colt by Nadeem out of Centaine Gu Li (Centaine) purchased for $200,000 yesterday.

Other kiwis to feature in the top 10 buyers were Team Rogerson, Wexford Stables, Lisa Latta, Phill Cataldo, Sam Beatson (Riversley Park) and Glen Harvey.

Three internationals were prominent in the top 10 buyers with Australians John Foote and Liam Birchley (LB Racing) featuring along with Paul Chow’s Tartan Meadow Bloodstock from Hong Kong.

Domestic buyers purchased 282 horses across the three-day Sale for a total of $14,157,000, the most of any country.

A vast buying bench was present at the Sale with horses purchased by buyers from Australia, Hong Kong, Singapore, Japan, United Kingdom, Ireland, USA, Malaysia, Macau, South Africa and Fiji.

The leading sire by average with three or more sold at the Select Sale was Savabeel with nine horses sold at an average of $101,667. The Waikato Stud sire also grossed over $11m at the Premier Sale. He finished just ahead of Showcasing who had 10 horses sell at an average of $98,850.

Reliable Man continued his stellar week, finishing the Select Sale as the leading first season sire with 24 horses selling at an average of $74,042. His progeny were well received at the Premier Sale as well, selling 13 horses at an average of $168,077.  

The leading vendor by aggregate at the Select Sale was Westbury Stud with 31 horses selling for an aggregate of $2,395,000. The leading vendor after both the Premier and Select Sale is Waikato Stud with 71 horses sold for an aggregate of $9,689,500.

Valachi Downs had a perfect record at the Select Sale, selling all nine of their horses catalogued at an average of $108,722 to be the leading vendor by average with three or more horses sold.

With the Premier and Select Sales completed, there is just one chance left to secure yearlings from Karaka 2016, with the one-day Festival Sale on Sunday (January 31) where 297 lots are set to go under the hammer from 11am.

Passed Lots from the Select Sale can be viewed here. Visit www.nzb.co.nz for sales news and information.