2006 National Yearling Sales Series Summary
7 February 2006
The past eight days have seen a successful Sales Series at Karaka with good quality yearlings attracting high demand right throughout the three sales sessions.
A total of 1,528 yearlings were catalogued for sale, with 1,043 lots sold for NZ$65,721,500.
| 2004 | 2005 | 2006 | |
|---|---|---|---|
| Catalogued | 1,532 | 1,477 | 1,528 |
| Withdrawn | 175 | 158 | 202 |
| Offered | 1,357 | 1,319 | 1,326 |
| Passed | 244 | 290 | 284 |
| Sold | 1,113 | 1,029 | 1,043 |
| Clearance | 82% | 78% | 79% |
| Average | $54,476 | $67,666 | $63,012 |
| Turnover | $60,631,650 | $69,628,350 | $65,721,500 |
New Zealand Bloodstock's 10th anniversary at the helm of the National Yearling Sales Series at Karaka has marked significant growth to the New Zealand industry over the past ten years. In 1997, New Zealand Bloodstock's first year conducting the National Yearling Sales following the purchase by Peter and Philip Vela of Wrightson's Bloodstock Ltd, the Premier Sale average was NZ$60,258. In ten years, the final sale average across all three sales sessions is now in excess of that figure, at NZ$63,012.
The expectation leading into the Sale was that results were unlikely to exceed the record-breaking results of 2005. This was supported by general comment from buyers that the overall strength of the catalogue was down on previous years.
New Zealand Bloodstock General Manager, Andrew Seabrook, remarked, "New Zealand Bloodstock is acutely aware of the necessity to present the strongest catalogue possible and that in order to attract buyers from our leading markets, in particular from Australia, we need to stem the flow of our top yearlings to Australia.
"We are on the whole pleased with the outcome of this year's Sale, given that the quality of the catalogue presented was not as strong overall as previous years. Our aim is to address this as a matter of urgency and we will be canvassing breeders and vendors in the coming months to discuss these vital issues now facing our industry."
Buying Bench
The depth and strength to the buying bench thoughout the week at Karaka has been impressive, with buyers from New Zealand, Australia, England, Ireland, Hong Kong, Japan, Macau, Malaysia, the Philippines, Singapore and Malaysia.
It was the New Zealand buyers who came to the fore over the past week, with three of five leading individual buyers from New Zealand. The leading buyer was Te Akau Stud principal, David Ellis with 29 yearlings purchased for a total of NZ$7,090,000. This included the top Lot of the Sale, the Stravinsky colt at Lot 341 out of Australasian Oaks winner, Grand Echezeaux, for NZ$2.2m.
Trans-Tasman trainer, Graeme Rogerson also displayed his usual prominence ringside, with 42 yearlings bought across the three sales sessions, for NZ$5,066,500. His purchases included his pick of the Sale, the colt at Lot 461 by Zabeel out of Miss Power Bird, related to champion racehorse, Might and Power, and Hong Kong star, Lucky Owners.
Fifth buyer of the top five was New Zealand bloodstock agent, Paul Moroney, with 29 yearlings bought across the three sales, for a total of NZ$1,420,500.
Leading buyer from Australia was Kieran Moore Bloodstock with 11 yearlings purchased for a total of NZ$2,157,000. His top priced lot was bought for NZ$725,000 at Lot 343, a Redoute's Choice filly out of great Bouquet, offered by Ascot Farm.
Next leading Australian buyer was Robert Roulston who bought 12 yearlings for a total of NZ$1,692,500. These included a top price of NZ$450,000 for Lot 62 by Zabeel, out of Singalong. Other Australian buyers featuring in the top 20 overall buyers included David Hayes, John O'Shea, Tim Martin and Steve Brem.
Also increasing their firepower at Karaka this year were buyers from Japan, in particular Mr Katsumi Yoshida of Northern Farm in Hokkaido and Mr Okada of Big Red Farm. Last year Japanese buyers accounted for 5 yearlings to a total value of NZ$410,000, while this year Japanese buyers outlayed a total of NZ$1,723,500 for 16 yearlings. These included a top price of NZ$500,000 paid by Mr Yoshida for Lot 150, a colt by Rock of Gibraltar out of What Can I Say (Khozaam).
This year Chinese New Year precluded a number of Hong Kong buyers from attending Karaka in person, however Hong Kong buyers still accounted for a total of 58 yearlings for an aggregate of NZ$6,137,500 (up a fraction from 58 yearlings for $6,003,500 in 2005).
The top priced lot destined for Hong Kong was purchased by Gary Hennessay at Lot 211 for $500,000, a colt by No Excuse Needed from Beyond the Sunset. The colt from Pencarrow Stud's draft is a half-brother to exciting two year old in New Zealand, Don Garcia (by Danehill).
Once again New Zealand Bloodstock's International Sales Manager, John Cameron, assisted the Hong Kong Jockey Club to secure ten yearlings for the HKJC International Sale in December.
Sires
With New Zealand's resident super-sire Zabeel represented by 24 entries in the Premier Sale, it was no surprise that he lead the sires by aggregate with 21 sold for NZ$7,860,00.
On top of the tables by average was Arrowfield Stud's resident sire, Redoute's Choice, with three yearlings sold for an aggregate of NZ$1,445,000 and an average of NZ$481,667.
Vendors
Sir Patrick Hogan's Cambridge Stud was the leading vendor by aggregate for the 25th year, with 45 yearlings sold for NZ$8,504,000, with an average of NZ$188,978. Leading the vendor by average was Pencarrow Stud with 18 sold for an average of NZ4311,806.
2006 NATIONAL YEARLING SALES SERIES: Final Combined Results
| COMBINED SALE AVERAGE | $63,012 |
| 2005 Combined Sale Average | $67,666 |
| COMBINED SALE AGGREGATE | $65,721,500 |
| 2005 Aggregate | $69,628,350 |
| COMBINED SALE LOTS CATALOGUED | 1528 |
| 2005 Combined Sale Lots Catalogued | 1477 |
| COMBINED SALE LOTS SOLD | 1043 |
| 2005 Combined Sale Lots Sold | 1029 |
| COMBINED SALE CLEARANCE RATE | 79% |
| 2005 Combined Sale Clearance Rate | 78% |
| COMBINED SALE MEDIAN | $35,000 |
| 2005 Combined Sale Median | $35,000 |
| COMBINED SALE TOP PRICE - Lot 341 Stravinsky x Grand Echezeaux | $2,200,000 |
| 2005 Combined Sale Top Price - Lot 385 Danehill x Encens | $1,300,000 |
LEADING BUYERS BY AGGREGATE
| Purchaser | No. | Aggregate | Top Lot | Breeding | Price |
|---|---|---|---|---|---|
| Mr DC Ellis | 29 | $7,090,000 | 341 | Stravinsky x Grand Echezeaux | $2,200,000 |
| Rogerson Bloodstock | 42 | $5,066,500 | 461 | Zabeel x Miss Power Bird | $1,600,000 |
| Kieran Moore Bloodstock | 11 | $2,157,000 | 343 | Redoute's Choice x Great Bouquet | $725,000 |
| New Zealand Bloodstock Ltd (as agent) | 45 | $1,969,550 | 240 | Zabeel x Cinderbella | $320,000 |
| Robert Roulston Bloodstock | 12 | $1,692,500 | 62 | Zabeel x Singalong | $450,000 |
| Paul Moroney Bloodstock | 29 | $1,420,500 | 142 | Montjeu x Villa Wanda | $100,000 |
| Hong Kong Jockey Club | 10 | $1,375,000 | 57 | Cape Cross x Showzeel | $250,000 |
| Worldwide Bloodstock | 7 | $1,255,000 | 509 | Pentire x Privilege | $300,000 |
| Mr K Yoshida | 7 | $1,232,500 | 150 | Rock of Gibraltar x What Can I Say | $500,000 |
| BBA - Ireland | 3 | $930,000 | 482 | Montjeu x Nikki's Bride | $400,000 |
LEADING SIRES BY AVERAGE (3 or more sold)
| Sire | Sold | Average | Top Lot | Breeding | Price |
|---|---|---|---|---|---|
| Redoute's Choice | 3 | $481,667 | 343 | ex Great Bouquet | $725,000 |
| Zabeel | 21 | $374,286 | 461 | ex Miss Power Bird | $1,600,000 |
| Dehere | 3 | $323,333 | 318 | ex Fleur de Chine | $700,000 |
| Encosta de Lago | 4 | $272,500 | 204 | ex Baroness Britney | $360,000 |
| Rock of Gibraltar | 12 | $227,917 | 445 | ex Mazarine | $520,000 |
| More Than Ready | 3 | $211,667 | 171 | ex About Town | $400,000 |
| Johannesburg | 6 | $168,667 | 281 | ex Devil's Lair | $410,000 |
| Stravinsky | 27 | $163,852 | 341 | ex Grand Echezeaux | $2,200,000 |
| Danehill Dancer | 5 | $148,000 | 131 | ex Twilight Hour | $230,000 |
| Galileo | 3 | $135,000 | 164 | ex Zaza | $225,000 |
LEADING FIRST CROP SIRES BY AVERAGE (3 or more sold)
| Sire | Sold | Average | Top Lot | Breeding | Price |
|---|---|---|---|---|---|
| Rock of Gibraltar | 12 | $227,917 | 445 | ex Mazarine | $520,000 |
| Johannesburg | 6 | $168,667 | 281 | ex Devil's Lair | $410,000 |
| Hussonet | 3 | $108,333 | 91 | ex Strawberry | $150,000 |
| No Excuse Needed | 25 | $83,500 | 211 | ex Beyond the Sunset | $500,000 |
| Viking Ruler | 24 | $73,958 | 96 | ex Sursom Corda | $380,000 |
| Jungle Pocket | 16 | $66,578 | 486 | ex Oak Vintage | $225,000 |
| Van Nistelrooy | 47 | $58,681 | 267 | ex Dance My Dance | $160,000 |
| Don Eduardo | 18 | $47,750 | 456 | ex Miss Bailey | $180,000 |
| Golan | 22 | $42,068 | 6 | ex Rebellious Angel | $130,000 |
| Ustinov | 23 | $34,207 | 186 | ex Anna's Choice | $130,000 |
LEADING VENDOR BY AVERAGE (3 or more sold)
| Stud | Sold | Average | Top Lot | Breeding | Price |
|---|---|---|---|---|---|
| Pencarrow Stud | 18 | $311,806 | 341 | Stravinsky x Grand Echezeaux | $2,200,000 |
| Cambridge Stud | 45 | $188,978 | 461 | Zabeel x Miss Power Bird | $1,600,000 |
| Ascot Farm | 13 | $178,154 | 343 | Redoute's Choice x Great Bouquet | $725,000 |
| Ancroft Stud | 4 | $122,500 | 292 | Danasinga x Echostatic | $320,000 |
| Lyndhurst Farm | 17 | $105,647 | 204 | Encosta de Lago x Baroness Britney | $360,000 |
| Longlands Stud | 4 | $104,500 | 464 | Stravinsky x Miss Saigon | $190,000 |
| Wentwood Grange | 15 | $92,167 | 315 | Redoute's Choice x First Cut | $400,000 |
| Trelawney Stud | 43 | $91,151 | 214 | Montjeu x Birdles | $370,000 |
| Blandford Lodge | 8 | $90,875 | 163 | Johannesburg x Za Tiara | $170,000 |
| Curraghmore Stud | 43 | $90,738 | 9 | Montjeu x Refused the Dance | $300,000 |
LEADING VENDOR BY AGGREGATE
| Stud | Sold | Aggregate | Top Lot | Breeding | Price |
|---|---|---|---|---|---|
| Cambridge Stud | 45 | $8,504,000 | 461 | Zabeel x Miss Power Bird | $1,600,000 |
| Pencarrow Stud | 18 | $5,612,500 | 341 | Stravinsky x Grand Echezeaux | $2,200,000 |
| Windsor Park Stud | 86 | $5,143,500 | 318 | Dehere x Fleur de Chine | $700,000 |
| Trelawney Park Stud | 43 | $3,919,500 | 214 | Montjeu x Birdles | $370,000 |
| Curraghmore Stud | 43 | $3,901,750 | 9 | Montjeu x Refused the Dance | $300,000 |
| Rich Hill Thoroughbreds | 34 | $2,836,750 | 150 | Rock of Gibraltar x What Can I Say | $500,000 |
| Waikato Stud | 42 | $2,606,500 | 81 | No Excuse Needed x Spring | $210,000 |
| Haunui Farm | 36 | $2,564,750 | 276 | Redoute's Choice x De Canny | $320,000 |
| The Oaks Stud | 37 | $2,486,000 | 314 | Stravinsky x Final Show | $350,000 |
| Ascot Farm | 13 | $2,316,000 | 343 | Redoute's Choice x Great Bouquet | $725,000 |
TOP 10 LOTS
| Lot | Type | Breeding | Vendor | Purchaser | Location | Price (NZ) |
|---|---|---|---|---|---|---|
| 341 | b.c | Stravinsky / Grand Echezeaux | PENCARROW STUD | MR DC ELLIS | TE AKAU | $2,200,000 |
| 461 | b.c | Zabeel / Miss Power Bird | CAMBRIDGE STUD | ROGERSON BLOODSTOCK | HAMILTON | $1,600,000 |
| 59 | b.f | Zabeel / Silk Slipper | CAMBRIDGE STUD | MR DAVID HAYES | VICTORIA | $850,000 |
| 440 | b.c | Zabeel / Marquise | CAMBRIDGE STUD | MR DC ELLIS | TE AKAU | $800,000 |
| 343 | bb.f | Redoute's Choice / Great Bouquet | ASCOT FARM | KIERAN MOORE BLOODSTOCK | NSW | $725,000 |
| 318 | b.f | Dehere / Fleur de Chine | WINDSOR PARK STUD | MR DC ELLIS | TE AKAU | $700,000 |
| 505 | b.c | Zabeel / Pretty Buttons | CAMBRIDGE STUD | MR DC ELLIS | TE AKAU | $560,000 |
| 445 | b.c | Rock of Gibraltar / Mazarine | ASCOT FARM | BRUCE PERRY BLOODSTOCK | MASTERTON | $520,000 |
| 150 | c.f | Rock of Gibraltar / What Can I Say | RICH HILL THOROUGHBREDS | MR K YOSHIDA | JAPAN | $500,000 |
| 211 | br.c | No Excuse Needed / Beyond the Sunset | PENCARROW STUD | MR GARY HENNESSY | HONG KONG | $500,000 |