New Zealand Select Yearling Sale Ends on a High Note
Date Posted: 1/30/2004 9:51:13 AM
Last Updated: 2/10/2004 10:48:34 AM

The select portion of New Zealand Bloodstock's national yearling sales ended Friday with significant increases in gross revenue, average price, median, price, and clearance rate, indicating that the decision to bring the colts and fillies back together this year was well-received.

The clearance rate increased from 69% last year to 79.5% this year. The median rose 15%, from NZ$22,500 to NZ $26,000 (approximately $17,425 in U.S. funds), and the gross increased almost 10% from NZ$11,460,500 to NZ $12,587,500 ($8,436,143) despite there being 87 fewer horses catalogued this year.

The average price grew by 8.5%, from a combined average last year of $27,952 to $30,331 ($20,328) across the 2 1/2 days of selling. Both the colts' and fillies' averages improved from where they were at last year's single sex sales. For the fillies, the increase was from NZ$25,617 to NZ$27,386 ($18,354, 6.9%) and for the colts from NZ$29,357 to NZ $32,142 ($21,542, 9.5%).

The top lot of the select sale came at the end of the third day, when a colt by Cape Cross--Gardenia (by Danehill) sold for $190,000 ($127,338). Te Awamutu's Sanders Racing Stables purchased the colt from Phoenix Park. The colt is a full brother to current season stakes winning filly Florilegium.

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