2005 NATIONAL YEARLING SALES SERIES SUMMARY
8 February 2005
- Record-Breaking Premier Sale Aggregate, Average & Median
- Record Turnover for Number of Lots Sold
- Combined Average up 24%
It has been a record-breaking week at the 79th National Yearling Sales Series at Karaka, with outstanding success throughout the Premier, Select and Festival sessions.
In total, 1477 yearlings were catalogued for sale, with 1029 yearlings sold for an impressive aggregate of NZ$69,628,350. This is the second highest aggregate ever seen at Karaka, the highest being $70,809,351 for 1139 lots sold in 2000, which included a colt for $3.6m. Last year 1109 yearlings were sold for $60,631,650 showing an impressive 15% increase in total returns to vendors this year, and record returns for the number of lots sold.
Buying Bench
What was significant for the week was the strength and depth to the buying bench, particularly amongst northern hemisphere buyers. European buyers such as Adrian Nicoll, Demi O'Byrne, Angus Gold, Hubie de Burgh, Grant Pritchard-Gordon and Richard O'Gorman were all present and active, together with a notably strong buying bench from prominent agents, trainers and owners from Australia.
But not to be outdone, local New Zealand buyers also made their presence felt. The overall leading buyer for the week was trans-Tasman trainer, Graeme Rogerson, who shopped in all three sessions of the Sale and purchased a total of 44 yearlings for $6,261,000. Next leading individual buyer was Adrian Nicoll with 8 purchases for $5,859,100, followed by New Zealand buyer, David Ellis, with 29 purchases for $2,842,500.
The Danehill Factor
This year was undoubtedly the year of the Danehills, with twenty of the final southern crop catalogued for sale in the Premier session. And the super-sire duly delivered. Danehill was responsible for five of the top ten lots of the Sale and topped the sires table with a total of sixteen yearlings sold for an outstanding average of NZ$528,438 and an aggregate of NZ$8,455,000.
Danehill was also responsible for the only two yearlings of the Sale to hit seven figures. The top lot was a Danehill filly from Encens (Common Grounds) purchased by BBA Ireland principal, Adrian Nicoll, for $1.3m. This is the second highest filly ever sold at Karaka, and one of only two to ever break the million dollar mark at auction in New Zealand. The filly will be raced by a syndicate of owners from around the world, and will be trained by prominent Australian trainer, David Hayes. Nicoll secured two other Danehill yearlings at the Sale, two fillies from Sadler's Wells mares Magical Moment and Dance My Dance purchased for $600,000 and $575,000 respectively. Both fillies are heading to Lee Freedman's stables in Australia.
To prove that it wasn't all an international affair, local buyer David Ellis secured the second top lot of the Sale. The Danehill colt was out of Gone West mare, Beyond the Sunset, purchased for $1,050,000 from Pencarrow Stud. Ellis was responsible for the top lot of the Sale at Karaka last year when he purchased a Danehill x Grand Echezeaux colt for $1,100,000. To add to the excitement of the week for Ellis, the colt won impressively on debut on the first day of the Premier Sale.
Home grown champion sire Zabeel, was second leading sire by aggregate with 28 yearlings sold for $7,120,000. His top priced yearling was the regally bred colt out of Marquise (Gold and Ivory) which sold for $950,000.
First southern crop sire, Giant's Causeway, was second leading sire by average with 6 yearlings sold for an average of $407,500.
Significant Growth
The 15% increase in aggregate for this year's National Yearling Sales Series shows significant growth right across the Series. The overall clearance rate was a healthy 78%, and the combined sale average was up a huge 24% from $54,476 to $67,666.
New Zealand Bloodstock Marketing & PR Manager commented, "This week has been an overwhelming success for the industry. We had a strong buying bench of both international and local buyers, and a great product to offer them. The signs were there leading into the Sale that we could expect a strong Sale, but you can never be certain until you put buyers and sellers together in the auction ring so we are very pleased with the outcome.
There's no question the presence of the Danehills in the Premier Sale catalogue had a positive effect on the entire Sale, and the quality of the catalogue we had meant vendors could capitalise on it. The atmosphere on the sale grounds throughout the week was very positive amongst both buyers and vendors, and we are extremely happy with the results achieved here."
The overall leading vendor by aggregate was Sir Patrick Hogan's Cambridge Stud, with 51 yearlings sold for $8,871,000. Next was Nelson Schick's Windsor Park Stud with 72 yearlings sold for $6,869,000, followed by Peter & Philip Vela's Pencarrow Stud with 17 yearlings sold for $6,345,000. Pencarrow Stud was also the overall leading vendor by average with 17 sold for an average of $373,235, followed by Bruce and Maureen Harvey's Ascot Farm with 11 sold for an�average of $267,045.
Overall 2005 National Yearling Sales Series Combined Results
OVERALL SALE AVERAGE = $67,666
24% increase from 2004
2004 Final Sale average = $54,476
OVERALL AGGREGATE = $69,628,350
15% increase from 2004
2004 Aggregate = $60,631,650
OVERALL LOTS CATALOGUED = 1477
2004 Lots Catalogued = 1532
OVERALL LOTS SOLD = 1029
2004 Lots Sold = 1113
OVERALL CLEARANCE RATE = 78%
2004 Final Sale Clearance rate = 82%
TOP PRICE = $1,300,000 Danehill x Encens (Lot 385)
2004 Top Price = $1,100,000 Danehill x Grand Echezeaux (Lot 159)
LEADING BUYER BY AGGREGATE = Rogerson Bloodstock, 44 Purchased for $6,261,000
TOP 10 LOTS
| LOT� | � | BREEDING� | VENDOR� | PURCHASER� | PRICE� |
|---|---|---|---|---|---|
| �385 | �f | DANEHILL x ENCENS | Pencarrow Stud | �BBA Ireland | �$1,300,000 |
| �295 | �c | DANEHILL x BEYOND THE SUNSET | Pencarrow Stud | �Mr D C Ellis | �$1,050,000 |
| �13 | �c | ZABEEL x MARQUISE | Cambridge Stud | �NZB as agent | �$950,000 |
| �320 | �c | GIANT'S CAUSEWAY x CHAMPAGNE | Cambridge Stud | �Rogerson Bloodstock | �$875,000 |
| �401 | c� | DANEHILL x FERN | Ascot Farm� | �Mr R R McAnulty | �$700,000 |
| �5 | �f | DANEHILL x MAGICAL MOMENT | Ascot Farm | �BBA Ireland | �$600,000 |
| �353 | �f | DANEHILL x DANCE MY DANCE | Pencarrow Stud | �BBA Ireland | �$575,000 |
| �362 | �c | VISCOUNT x DIAMOND HABIT | Cambridge Stud | �Mr R R McAnulty | �$550,000 |
| �311 | �f | FUSAICHI PEGASUS x CANNSEA | Whakanui Stud | Coolmore Australia | �$540,000 |
| �292 | �f | GIANT'S CAUSEWAY x BESPOKEN | Curraghmore Stud | Robert Roulston | �$500,000 |
LEADING SIRES BY AVERAGE (3 or more sold)
1ST = Danehill 16 sold for average $528,438
2ND = Giant's Causeway 6 sold for average $407,500
3RD = Fusaichi Pegasus 4 sold for average $293,750
4TH = Zabeel 28 sold for average $254,286
5TH = Galileo 3 sold for average $169,167
LEADING 1ST CROP SIRES BY AVERAGE (3 or more sold)
1ST = Giant's Causeway 6 sold for average $407,500
2ND = Galileo 3 sold for average $169,167
3RD = Viscount 7 sold for average $140,357
4TH = Fantastic Light 10 sold for average $101,000
5TH = Traditionally 20 sold for average $80,125
LEADING BUYERS BY AGGREGATE
1ST = Rogerson Bloodstock 44 Lots $6,261,000
2ND = BBA - Ireland 8 Lots $3,375,000
3RD = Mr D C Ellis 29 Lots $2,842,500
4TH = Paul Moroney Bloodstock 35 Lots $2,396,000
5TH = Kieran Moore Bloodstock 10 Lots $1,570,000
LEADING VENDORS BY AGGREGATE
1ST = Cambridge Stud 51 Lots $8,871,000
2ND = Windsor Park Stud 72 Lots $6,869,000
3RD = Pencarrow Stud 17 Lots $6,345,000
4TH = Curraghmore Stud 38 Lots $4,766,100
5TH = Trelawney Stud 41 Lots $3,672,500
LEADING VENDORS BY AVERAGE
1ST = Pencarrow Stud 17 Lots $373,235
2ND = Ascot Farm 11 Lots $267,045
3RD = Whakanui Stud 7 Lots $224,286
4TH = Cambridge Stud 51 Lots $173,941
5TH = Rodmor Stud 14 Lots $128,643