Petrea Vela

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NZ Bloodstock Adds Asia Office

New Zealand Bloodstock (NZB) will open new office in Asia -- New Zealand Bloodstock Asia -- that will be headed up by New Zealand Bloodstock representative Michael Kneebone. Based in Singapore, Kneebone will provide New Zealand Bloodstock's full range of bloodstock services in the region.

NZ Festival Sale Down 11.3% in Gross

New Zealand Bloodstock's festival yearling sale closed out its two-day run Feb. 2 in Karaka with a gross revenue of NZ$4,498,700 (approximately $2,291,233 in U.S. funds), which was down only 11.3% from last year's total of NZ$5,073,850.

Tale of the Cat Colt Tops NZ Sale

A Tale of the Cat-Eyes Light Up colt sold for the top price of NZ$205,000 ($106,342) Jan. 30 as New Zealand Bloodstock's select yearling auction ended its three-day run in Karaka. Australian trainer Lindsey Smith purchased the colt from Hallmark Stud.

Market Down as NZ National Sale Opens

The New Zealand national yearling auction is trailing behind last year's pace after the opening day in Karaka Jan. 26. During the first session of the sale's premier portion, the 173 horses that sold grossed NZ$25,973,500 (approximately $13,752,189 in U.S. funds) and averaged NZ$150,136 ($79,493). The median price was NZ$100,000 ($52,947).

Red Ransom Colt Shines in New Zealand

The first day of New Zealand Bloodstock's ready to run sale of 2-year-olds showed resilience in troubled economic times. The results at Karaka held up well against those posted at last year's record-setting auction.

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