Business Upbeat at New Zealand National Sale
(Edited New Zealand Bloodstock press release)
New Zealand Bloodstock's national weanling and broodmare sale ended May 5 in Karaka with big statistical increases in the broodmare portion of the auction and a top price for the day of NZ$240,000 ($173,902 in U.S. funds) for an Encosta de Lago juvenile colt.
A trial winner in February, the colt is out of the Bluebird mare Lake Alexandrina. He was purchased by Tim Carter's Karapiro Bloodstock from Wellfield Lodge.
"He's an outstandingly built, muscular colt with a lovely temperament and is an exciting sprinting prospect," Carter said. "I've bought him for Michael Chang in Hong Kong who wanted him for one of his clients, so the colt is headed to Michael's stable."
The day’s top-priced broodmare was Starrystarrynight (by Sadler's Wells), who fetched NZ$180,000 ($130,426) from Gillovic Bloodstock. The mare, consigned by Trelawney Stud, is in foal to Darci Brahma.
During the broodmare portion of the auction, 236 of the 342 cataloged lots were sold, bringing a gross of NZ$2,906,950 ($2,106,350), up 112% from last year's turnover of NZ$1,369,450 for 15 fewer lots sold. The average price was up 126% from NZ$5,456 to NZ$12,318 ($8,926), the highest amount since 2006. The median increased 25% to NZ$3,000 ($2,174) from NZ$2,400, with the clearance rate holding steady at a healthy 82%.
For the entire sale, 653 of the 908 cataloged lots changed hands, bringing a gross of NZ$7,454,900 ($5,401,750), up 85% from NZ$4,034,950 for 585 sold in 2009. The average was NZ$11,416 ($8,272), up 66% from $6,897, and the median was NZ$3,000 ($2,174), up 9% from NZ$2,750. The clearance rate was 82%.
According to New Zealand Bloodstock’s co-managing director, Petrea Vela, company officials were very satisfied with the outcome of this year's auction.
"After a bit of a slow start on Monday morning (May 3) trade picked up steadily to provide some pleasing results over the past three days,” Vela said. “The market has been solid today for the mares and after the tough market we faced here last year, it's satisfying to see the results return to 2008 levels."
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