The yearling sales market at Karaka declined 6.4% to $72,387,700 ($61,248,468) in total sales during New Zealand Bloodstock's marathon week of trading that concluded Feb. 4.
New Zealand Bloodstock's select yearling sale ended its three-day run at Karaka Feb. 3 with a gross of NZ$19,114,500 ($15,930,800 in U.S. funds) and an average price of NZ$46,069 ($38,387), both up less than 1%.
The Karaka premier yearling sale in New Zealand ended its two-day run Jan. 31 with a seven-figure horse, but its gross revenue, average price, and median price all declined.
A Danehill Dancer colt topped the opening session of the premier portion of New Zealand Bloodstock's national yearling sale, bringing NZ$800,000 ($618,272 in U.S. funds) Jan. 31 at Karaka.
New Zealand Bloodstock has added a new session dedicated to horses in training to its 2011 national weanling, broodmare, and mixed bloodstock sale, which is scheduled for May 2-4.
National weanling and broodmare sale ends with an increase of 66% in average price.
The New Zealand Bloodstock select yearling sale ended Feb. 5 with increases of 34.6% in gross revenue, 40.1% in average price, and 33.3% in median price from a year ago.
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.
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.
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.
Business declined significantly at New Zealand Bloodstock's premier yearling sale, which ended in Karaka Jan. 27 after a two-day run.
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).
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.
New Zealand Bloodstock has announced its plans to conduct four extra auction sales a year in response to owners and breeders expressing interest in having more opportunities to buy and sell mixed bloodstock.
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