KARAKA 2008: Record-Breaking Opening Session at Karaka Premier Sale
28 January 2008
It has been a sensational start to the 82nd National Yearling Sales Series at Karaka, with New Zealand Bloodstock's Sale exceeding last year's record figures to post the strongest opening session ever seen at Karaka.
Any fears that the market might have the jitters following stockmarket results last week were well and truly allayed as all key sale statistics pointed to a very healthy market. Significantly, after 255 lots at the end of Day One, turnover is ahead a whopping $8,444,000 from the same point in the Sale last year to finish the day at $39,889,500, an increase of 27%.
One of the most significant results of the day was the all-important sale median which is tracking at $155,000, an increase of 41% from $110,000 in 2007, and remarkably just a shade off last year's final average price of $156,567. In similar soaring fashion the sale average has increased 35% to $205,616, from $152,648 after 255 lots last year. The clearance rate is currently strong at 84%.
New Zealand Bloodstock's Marketing Manager Petrea Vela was overwhelmed by the first day's results. "By all accounts buyers have found it extremely tough to secure what they wanted today as competition was very heated ringside. We have never seen so many buyers at Karaka before and that has translated into strong results and a great atmosphere around the salegrounds."
"It has demonstrated to us the revival we are experiencing in New Zealand and the renewed strength of our market and we look forward to seeing the industry reap the benefits over the course of the week ahead."
Buyers from all over Australia have well and truly made their presence felt at Karaka today with first-time Karaka buyer Patinack Farm from Queensland the leading buyer of the day with 16 horses bought for $5,045,000. This included the top price of the day, $925,000 for the One Cool Cat filly out of Diamond Cashel offered by Cambridge Stud at Lot 82. The filly is a half-sister to Group 3 winner in Melbourne, Royal Asscher (by Stravinsky).
Last year's leading buyer David Ellis was also prominent, with 13 purchases for $3,485,000 he is the second leading buyer overall so far.
So far the leading vendor by both average and aggregate is Sir Patrick Hogan's Cambridge Stud with 24 horses sold for $9,105,000 at an average of $379,375, representing a 100% clearance rate. Second is Gordon Cunningham's Curraghmore Stud with 15 horses sold for $3,695,000.
Selling continues on Day Two of the Karaka Premier Sale from 11am tomorrow.
2008 Premier Sale Statistics - Day 1
| Day 1 2008 | 2007 After 255 Lots | 2007Overall | |
|---|---|---|---|
| Average | $205,616 | $152,648 | $156,567 |
| Aggregate | $39,889,500 | $31,445,500 | $56,834,000 (363 sold) |
| Clearance Rate | 84% | 83.40% | 84% |
| Median | $155,000 | $110,000 | $110,000 |
| 2008 Top Price - One Cool Cat x Diamond Cashel Colt (Lot 82) | $925,000 | ||
| 2007 Top Price - Zabeel x Sunline Colt (Lot 411) | $2,000,000 | ||
Day 1 Top Ten Lots
| Lot | Type | Breeding | Vendor | Purchaser | Price |
|---|---|---|---|---|---|
| 82 | B.F | One Cool Cat / Diamond Cashel | CAMBRIDGE STUD | PATINACK FARM (QLD) | $925,000 |
| 219 | B.C | Zabeel / La Quinta Gold | CAMBRIDGE STUD | MR DC ELLIS (TE AKAU) | $900,000 |
| 41 | B.C | Flying Spur / Chicago Wonder | ASCOT FARM | SHADWELL STUD AUSTRALASIA (STH AUSTRALIA) | $850,000 |
| 70 | B.C | Zabeel / Dane Dancer | CAMBRIDGE STUD | MRS GM WATERHOUSE (NSW) | $820,000 |
| 246 | B.F | Rock of Gibraltar / Marquise | CAMBRIDGE STUD | MR BJ & MRS J LINDSAY (AUCKLAND) | $800,000 |
| 137 | B.F | Fastnet Rock / Galapagos Girl | TRELAWNEY STUD | BBA - IRELAND (IRELAND) | $700,000 |
| 14 | B.C | Zabeel / Better Succeed | CAMBRIDGE STUD | PATINACK FARM (QLD) | $620,000 |
| 197 | B.C | Zabeel / Kerkira | BELTANA STUD | DEAN HAWTHORNE BLOODSTOCK (CAMBRIDGE) | $600,000 |
| 80 | B.C | Zabeel / Desert Lily | PENCARROW STUD | MR DC ELLIS (TE AKAU) | $550,000 |
| 100 | B.C | Pentire / Excelo | RICH HILL THOROUGHBREDS | DANNY O'BRIEN RACING (VIC) | $550,000 |
Day 1 Top Ten Purchasers
| Purchaser | Bought | Aggregate | Average | Top Price |
|---|---|---|---|---|
| PATINACK FARM | 16 | $5,045,000 | $315,313 | $925,000 |
| MR DC ELLIS | 13 | $3,485,000 | $268,077 | $900,000 |
| HONG KONG JOCKEY CLUB | 14 | $2,920,000 | $208,571 | $480,000 |
| NEW ZEALAND BLOODSTOCK (as agent) | 13 | $1,890,000 | $145,385 | $340,000 |
| DANNY O'BRIEN RACING | 7 | $1,700,000 | $242,857 | $550,000 |
| IDL RACING | 5 | $965,000 | $193,000 | $315,000 |
| DEAN HAWTHORNE BLOODSTOCK | 3 | $910,000 | $303,333 | $600,000 |
| JOHN CHALMERS BLOODSTOCK | 5 | $900,000 | $180,000 | $320,000 |
| SHADWELL STUD AUSTRALASIA | 1 | $850,000 | $850,000 | $850,000 |
| MRS GM WATERHOUSE | 1 | $820,000 | $820,000 | $820,000 |
Day1 Top Ten Vendors by Aggregate
| Vendor | Sold | Aggregate | Average | Top Price |
|---|---|---|---|---|
| CAMBRIDGE STUD | 24 | $9,105,000 | $379,375 | $925,000 |
| CURRAGHMORE STUD | 15 | $3,695,000 | $246,333 | $520,000 |
| WAIKATO STUD | 14 | $2,404,500 | $171,750 | $480,000 |
| TRELAWNEY STUD | 9 | $2,130,000 | $236,667 | $700,000 |
| WESTBURY STUD | 11 | $1,830,000 | $166,364 | $500,000 |
| LYNDHURST FARM | 7 | $1,632,500 | $233,214 | $500,000 |
| WINDSOR PARK STUD | 11 | $1,582,500 | $143,864 | $270,000 |
| PHOENIX PARK | 6 | $1,500,000 | $250,000 | $540,000 |
| PENCARROW STUD | 6 | $1,427,500 | $237,917 | $550,000 |
| RICH HILL THOROUGHBREDS | 7 | $1,330,000 | $190,000 | $550,000 |
Day1 Top Ten Vendors by Average (3 or more sold)
| Vendor | Sold | Average | Aggregate | Top Price |
|---|---|---|---|---|
| CAMBRIDGE STUD | 24 | $379,375 | $9,105,000 | $925,000 |
| CURRAGHMORE STUD | 15 | $246,333 | $3,695,000 | $520,000 |
| WAIKATO STUD | 14 | $171,750 | $2,404,500 | $480,000 |
| TRELAWNEY STUD | 9 | $236,667 | $2,130,000 | $700,000 |
| WESTBURY STUD | 11 | $166,364 | $1,830,000 | $500,000 |
| LYNDHURST FARM | 7 | $233,214 | $1,632,500 | $500,000 |
| WINDSOR PARK STUD | 11 | $143,864 | $1,582,500 | $270,000 |
| PHOENIX PARK | 6 | $250,000 | $1,500,000 | $540,000 |
| PENCARROW STUD | 6 | $237,917 | $1,427,500 | $550,000 |
| RICH HILL THOROUGHBREDS | 7 | $190,000 | $1,330,000 | $550,000 |
Day1 Top Ten Sires by Average (3 or more sold)
| Sire | Sold | Average | Aggregate | Top Price |
|---|---|---|---|---|
| Zabeel | 20 | $397,250 | $7,945,000 | $900,000 |
| Flying Spur | 3 | $386,667 | $1,160,000 | $850,000 |
| Fastnet Rock | 7 | $305,714 | $2,140,000 | $700,000 |
| Rock of Gibraltar | 7 | $295,714 | $2,070,000 | $800,000 |
| Encosta de Lago | 8 | $295,000 | $2,360,000 | $520,000 |
| O'Reilly | 3 | $250,000 | $750,000 | $480,000 |
| One Cool Cat | 9 | $235,833 | $2,122,500 | $925,000 |
| Pentire | 5 | $230,000 | $1,150,000 | $550,000 |
| Pins | 9 | $210,556 | $1,895,000 | $500,000 |
| Stravinsky | 8 | $201,875 | $1,615,000 | $325,000 |
Click here for a full set of the Day One Results or a list of Passed Lots.