A colt by young sire Thewayyouare sold for $200,000 (US$166,561 U.S.), the highest price at the first session of New Zealand Bloodstock's select yearling sale at Karaka Jan. 30.
Overall, 140 horses were sold at an average price of $47,261 (US$39,364), marking a 2.6% rise from last year's first session when 146 horses sold. Total receipts of $6,616,500 ($5,510,836) dipped 1% from last year, but the median was up double digits to $39,000 ($32,483), an 11.4% rise.
The clearance rate was 69%, compared with 76% at the opening session in 2012.
The session-topping colt was bought by Hong Kong-based Magus Equine out of Michele Norman's Kilmore Farm, agent, consignment. He is the fourth foal out of City Affair, a New Zealand group-III placed City On a Hill mare who also is the dam of stakes-placed Keen Affair.
"I thought this was the best colt in select (session)," said Willie Leung of Magus Equine. "He has an athletic build and he looks more like a 3-year-old type, so I will give him some more time to strengthen here in New Zealand before taking him up to Hong Kong.
"As usual every year, I like to buy the first-season sires because you are spending the same money with the first crop and you can buy the best one because there is not as much demand.
"Thewayyouare is the first-season sire I'm looking for this year because I like Kingmambo. It's an American pedigree, but he raced well in France and he's a precocious type and I think that will go well in Hong Kong."
Kentucky-bred Thewayyouare won the Criterium International (Fr-I) and Prix Thomas Byron (Fr-III) as a 2-year-old in 2007. By Kingmambo, the 8-year-old half brother to European champion filly Peeping Fawn, who is also from the family of 2007 Broodmare of the Year Better Than Honour, stood his first season in 2010 in New Zealand and at Coolmore's Ashford Stud in Kentucky and his first foals are 2-year-olds of 2013. He is standing the Northern Hemisphere season at Coolmore Stud in Ireland and will stand at Windsor Park Stud in Cambridge, New Zealand, for the Southern Hemisphere season.
The select sale continues Jan. 31 at Karaka beginning at 11 a.m. For sales results, visit www.nzb.co.nz.