Elusive City Colt Shatters Festival Record

Colt brings NZ$110,000 ($75,786 in U.S. funds) as New Zealand yearling sale ends.

The sale record for high price that was established on the opening day of the New Zealand festival yearling sale was surpassed three times during the final session of the auction at Karaka Feb. 8.

An Elusive City–-Wishing Belle colt ended up as the record holder, bringing NZ$110,000 ($75,786 in U.S. funds) from New Zealand Bloodstock as agent for Cambridge-based clients. Haunui Farm consigned the bay yearling.

A King’s Chapel—Alleyrun colt and an Elusive City–-Eau de Cologne colt each sold for NZ$100, 000 ($68,896). The Robert Dawe Agency purchased the King’s Chapel colt from Henley Park, and International Bloodstock Consultants bought the Elusive City colt from Kirkwell Thoroughbreds.

An Elusive City–Strawberry Affair colt was the previous festival sale record holder after bringing NZ$90,000 ($62,006) Feb. 7 and shattering the mark of NZ$80,000 set in 2008.

The auction ended with a gross of NZ$4,915,600 ($3,386,650) for the 328 yearlings that sold. The average price was NZ$14,987 ($10,325), and the median price was NZ$10,000 ($6,890). Compared to a year ago, the gross rose 9.3% from NZ$4,498,700. The average increased 24.9% from NZ$11,997, and the median remained the same at NZ$10,000 ($6,890).

The clearance rate was 71%, up from 81% in 2009.