Thursday, Feb 9, 2017 Lot 10 O'Reilly - Volkrose sold for $825,000 on Day One of the Premier Sale. Photo: Trish Dunell.
New Zealand Bloodstock’s 91st National Yearling Sales Series concluded on Sunday after six action-packed days of selling.
The increased international presence at Karaka 2017 was a highlight of the Sale Series, with purchasers from nine countries including Australia, Hong Kong, Singapore, Ireland, Great Britain, and Japan securing purchases through the three Sale sessions.
Spend by the Australian buying bench increased by over $5.6 million (+18%) on last year's edition with receipts totalling $36.9 million for 290 horses purchased (up from 251 in 2016).
New Zealand buyers purchased significantly fewer horses than in the previous edition with receipts of $29.5 million (down $6.7 million on 2016's figure of $36 million) for 522 horses, 61 fewer than in 2016.
The aggregate totalled $82,015,500 versus last’s years record breaking $86,193,400, the almost 19% decline in New Zealand spend being the main contributing factor to the overall result.
The median remained strong at $50,000 compared to last year’s record breaking $55,000. The average reached $86,973 slightly lower than last year’s $88,042. The clearance rate settled at 78%, down 2 percentage points on the 80% seen in 2016.