New Zealand National Sale Ends Run On Upswing
Updated: Tuesday, May 11, 2004 9:16 AM
Posted: Tuesday, May 11, 2004 9:16 AM
(Edited New Zealand Bloodstock press release)
New Zealand Bloodstock's three-day national weanling and broodmare sale ended Tuesday on an upbeat note when 290 broodmares were offered.
While Sunday's select weanling sale had the vendors smiling, Tuesday the tables turned back a little in favor of the buyers with the day seeing some very good value for money buying. There was solid demand for the better quality mares, particularly those in foal to promising sires, whereas lighter pedigrees faced a more difficult market. Overall, however, the results showed improvement on last year's figures right across the board.
The gross revenue for the broodmare sale was NZ$2,341,650 (approximately $1,420,445 in U.S. funds) for the234 horses sold, compared with $2,106,150 for five more lots sold last year. The average price rose to NZ$10,007 ($6,070), from $8,812 last year, and the clearance rate climbed to 78.5% from 75% last year.
The top lot of the day was Dane Gu Li (Danehill -- Futile, by Alzao), an unraced mare in foal to Faltaat. She was purchased by Michael Malone's Kitchwin Hills Stud of New South Wales, from Brent and Cherry Taylor's Trelawney Stud for NZ$100,000 ($60,660).
The overall results for the national weanling and broodmare sale saw the sale gross NZ$5,694,300 ($3,454,162) for 46 fewer lots sold this year – nearly $1 million and 17% up on last year's combined aggregate for the weanling and broodmare sale and the autumn yearling and 2-year-old sale of $4,875,150. This year's clearance rate rose from 77% to 79.5%, and the overall average price rose 26 % from $7,702 to NZ$9,700 ($5,884). The median doubled from $2,600 last year to NZ$4,800 ($2,912).
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