2005 Ready to Run Sale Summary

The General Session concluded New Zealand Bloodstock's Ready to Run Sale of two year olds with the buying trend seen on Day One continuing at Karaka today.

There was demand throughout both the General and Select Sessions for quality horses and they were commanding good money, but buyers remained discerning in their selections resulting in figures taking a dip on last year.

With a total of 206 horses sold over the past two days, total revenue was NZ$8,952,000, down from NZ$9,566,000 for eight more lots sold last year. The overall Sale average was NZ$43,456, down from NZ$44,701. The clearance rate fluctuated over the course of the day but settled a fraction down on the previous day at 63.2%.

New Zealand Bloodstock Marketing & PR Manager, Petrea Vela summed up, "Demand was still keen today for quality stock. We were pleased with the depth of the buying bench, with many buyers aware of the success that graduates of this Sale have achieved."

"The resurgence of the Malaysian market was particularly pleasing and along with the Hong Kong and Korean buyers underpinned this Sale significantly. This can in part be attributed to the great success that New Zealand breds have been enjoying in those regions this season and is welcome reward for the considerable effort New Zealand Bloodstock has spent in developing these markets in recent years."

The Hong Kong buyers were a particularly strong presence at this year's Sale with 23 horses purchased for a total spend of NZ$2,061,500. Hong Kong agent Willie Leung was the leading buyer of the Sale with eight purchases for NZ$698,000, his highest priced lot purchased for NZ$160,000 on Day One. This was for Lot 124, a colt by Keeper from Eva's Belle. Hong Kong buyers Joseph Loong, Dan O'Donnell, Michael Chang, Danny Shum and others also featured on the buyers sheets.

For the second year there were significant buying groups from Korea who together purchased a total of 27 horses. Korean agent, Chang Sig Kim, bought 9 on behalf of the Gwacheon Racehorse Owners Association in Seoul and the Korean Racing Association bought 18 for Korea's new course at Busan.

Also very active were Singapore buyers, including James Tan and Danny Murphy, with 28 purchases and Malaysian buyers with 20 purchases. Macau buyers including trainer Tommy Cheung and agent Bruce Sherwin were also buying.

Australian buyers including John Morrissey, Tim Martin, Tim Stakemire and Bevan Laming accounted for a total of 33 horses.

Select Session Summary

Select Session Average = $59,922 ($60,868 last year)

Colts Average = $68,338 ($70,007 last year)

Fillies Average = $54,028 ($47,833 last year)

Top Price = $420,000 for Lot 132 Zabeel x Foreign Copy ($270,000 last year)

Session Aggregate = $7,310,500 (122 lots sold)
($7,700,500 for 127 lots last year)

Clearance Rate = 63.8%
(66% last year)

Leading Individual Buyer by Aggregate:
Magus Equine, Hong Kong. 5 Lots for $570,000.

Leading Vendor by Aggregate:
Esker Lodge: 5 Sold, 1 Passed. Aggregate $755,500. Average $151,100.

General Summary

General Session Average = $19,436 ($20,130 last year)

Top Price = $420,000 for Lot 132 ($270,000 last year)

Session Aggregate = $1,516,000 for 78 lots sold ($1,630,500 for 82 lots sold last year)

Clearance Rate = 58% (71% last year)

Overall Summary

Overall Average = $43,456 ($44,701 last year)

Colts Average = $52,019 ($54,901 last year)

Fillies Average = $34,971 ($29,905 last year)

Sale Aggregate = $8,952,000 (206 Lots sold) ($9,566,000 for 214 lots last year).

Clearance Rate = 63.2% (69% last year)

Leading Individual Buyer by Aggregate:
Magus Equine Ltd, Hong Kong. 8 Lots for $698,000.

Leading Vendor by Aggregate:
Halo Bloodstock, 13 Sold, Aggregate $795,500. Average $72,318.

Leading Vendor by Average:
Esker Lodge, 6 Sold, Average $129,250. Aggregate $775,500

Leading Sire by Average (3 or more sold)
Galileo	3 sold for average $135,000
Montjeu	5 sold for average $79,000
Fantastic Light	3 sold for average $68,333
Black Minnaloushe	7 sold for average $68,214
Deputy Governor	4 sold for average $61,125

Leading Sire by Aggregate
Black Minnaloushe	7 sold for $477,500
Zabeel	1 sold for $420,000
Galileo	3 sold for $405,000
Montjeu	5 sold for $395,000
Danasinga	8 sold for $318,000

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