Records Broken at 2006 Ready to Run Sale
22 November 2006
A sensational conclusion to New Zealand Bloodstock's 2006 Ready to Run Sale has seen new records set for the Sale aggregate, average and median, and turnover increase by almost one million dollars despite 57 fewer horses offered this year.
A total of 197 horses found new homes over the past two days for a record aggregate of NZ$9,866,750, in spite of the catalogue suffering from 65 withdrawals. This aggregate reflects a 10% increase on last year's results when 206 horses were sold for NZ$8,952,000. The sale average rose 15% from NZ$43,456 to NZ$50,085, while most significantly the sale median rose a huge 43% from NZ$28,000 to NZ$40,000. The clearance rate increased�from 63% to 73% this year.
New Zealand Bloodstock Marketing Manager, Petrea Vela, was thrilled with the result. "To see such a significant increase in turnover with fewer horses sold is a fantastic result for this Sale and a huge credit to this year's vendors. The international buying bench was as strong as we have ever seen here, and we are particularly pleased with the significant participation from Singapore, Malaysia�and Hong Kong buyers which underpinned the Sale."
"There were scores of extremely successful pinhooks from the National Yearling Sales earlier in the year which we hope will inspire many more buyers to do the same come January, and overall we are thrilled that the Sale has clearly taken a foothold as a genuine marketplace for good quality two-year-olds."
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�NZ$350,000 Sale Topper - Lot 131 (Galileo - Heather). |
The top lot of the Sale came on the first day when Hong Kong trainer Michael Chang purchased a Galileo colt out of Heather (by Centaine) for NZ$350,000. This is the second highest price seen at this Sale, topped only last year when a colt by Zabeel out of Foreign Copy (by Bold Venture) set a new record when bought by Ginger Tankard for NZ$420,000.
The second highest price of the Sale came part way through Day Two when Lot 277 by No Excuse Needed out of Satonda (by Centaine) sold for NZ$320,000. The colt from Halo Farm was purchased by Michael Kneebone for prominent South Australian owner, Wolf Blass.
The third highest price of the Sale was the much talked about colt by Don Eduardo out of Miss Rory at Lot 201. The half-brother to New Zealand Champion Two-Year-Old, Joker's Wild, was purchased by Dan O'Donnell from Hong Kong for NZ$190,000.
Hong Kong bloodstock agent, Willie Leung of Magus Equine, was the leading individual buyer of the Sale for the second year in a row with six purchases for a total of NZ$670,000. These included colts by Postponed, Perugino, Don Eduardo, No Excuse Needed, Istidaad, and a top price of NZ$160,000 for the O'Reilly colt out of Grosvenor mare, Caught Kanudling, offered by Phoenix Park at Lot 59.
Singapore buyers were a significant force ringside,�securing 53 horses for a total of NZ$2,677,250, including purchases by Stephen Gray, Kah Wui Lim, David Hill, Lim Siah Mong, Michael Clements and Laurie Laxon. Korean buyers bought 17 horses and Hong Kong buyers were also very active with 16 purchases made for a total of NZ$1,709,000.
Buyers from Malaysia, Australia and New Zealand were also well represented on the results sheets, including prominent Australian buyers Peter Moody, Lee Hope, Robert Roulston and John Morrisey.
Sam Munro's Halo Bloodstock was the leading vendor of the Sale by aggregate, with 17 lots sold for NZ$1,334,000 and an average of NZ$78,471. Second leading vendor was Mark and Shelley Treweek's Lyndhurst Farm, which sold the sale-topping Galileo colt, and completed the Sale with nine sold for an aggregate of NZ$867,500.
The leading vendor by average was Tom and Shelley Murtagh's Esker Lodge which sold four horses for an average of NZ$106,250, including the NZ$190,000 Don Eduardo colt out of Miss Rory.
2006 Ready to Run Sale - Final Results
| � | 2006� | �2005 |
|---|---|---|
| AVERAGE | $50,085 | $43,456 |
| MEDIAN | $40,000 | $28,000 |
| CLEARANCE | 73% | 63% |
| AGGREGATE | $9,866,750 (197 Lots Sold) | $8,952,000 (206 Lots Sold) |
| TOP LOT | $350,000 (G.C Galileo x Heather) | $420,000 (B.C Zabeel x Foreign Copy) |
Top Lots
| �Lot | � | Breeding� | Vendor� | �Buyer | �Location | �Price |
|---|---|---|---|---|---|---|
| 131 | G.C | Galileo - Heather | Lyndhurst Farm | Michael Chang Racing Stables | Hong Kong | $350,000 |
| 277 | B.C | No Excuse Needed - Satonda | Halo Bloodstock | Mr W Blass | South Australia | $320,000 |
| 201 | B.C� | Don Eduardo - Miss Rory� | Esker Lodge� | Mr D O'Donnell� | Hong Kong | $190,000 |
| 175 | C.F� | Pins - Libre� | Ardsley Stud� | Robert Roulston Bloodstock | Victoria | $180,000 |
| 59 | Br.C | O'Reilly - Caught Kanudling | Phoenix Bloodstock | Magus Equine� | Hong Kong� | $160,000 |
| 283 | B.F� | Royal Academy - Secret Beauty� | Halo Bloodstock | Mr P Moody� | Victoria� | $150,000� |
| 288 | Br.C� | No Excuse Needed�- She's Heaven Cent | Phoenix Bloodstock | Magus Equine� | Hong Kong | $150,000� |
| 207� | C.C� | Magic Albert - Mount the Moon� | Anzac Lodge� | Mr Lim Siah Mong | Singapore | $140,000� |
| 13 | B.C� | Rhythm -�Zero Celsius� | Anzac Lodge | New Zealand Bloodstock (as agent) | Singapore | $130,000 |
| 55 | C.C | Volksraad - Cape City | Woodridge Farm | Mr D O'Donnell | Hong Kong | $130,000 |
| 245 | Br.C | O'Reilly - Prodigal Lass | Mission Lodge | New Zealand Bloodstock�(as agent) | Auckland | $130,000 |
Leading Buyers
| �Buyer | �No. | �Aggregate | �Top Lot |
|---|---|---|---|
| New Zealand Bloodstock Ltd (as agent) | 50� | $2,167,750� | Lot 289 ($150,000) |
| Magus Equine Ltd (Hong Kong) | 6 | $670,000 | Lot 59 ($160,000) |
| Mr D O'Donnell (Hong Kong) | 4� | $495,000� | Lot 201 ($190,000) |
| Mr S Gray (Singapore) | 9 | $488,500 | Lot 58 ($85,000) |
| Michael Chang Racing Stables (Hong Kong) | 2� | $390,000� | Lot 131 ($350,000) |
Leading Vendors by Average (3 or more sold)
| �Vendor | No.� | Average� | Top Lot� |
|---|---|---|---|
| Esker Lodge | 4 | $106,250 | Lot 201 ($190,000) |
| Lyndhurst Farm | 9 | $96,389� | Lot 131 ($350,000) |
| Halo Bloodstock Ltd | 17 | $78,471 | Lot 277 ($320,000) |
| Phoenix Park | 11 | $69,455 | Lot 59 ($160,000) |
| Mr GW & Mrs MW Simon | 6 | $66,250 | Lot 229 ($120,000) |
Leading Vendors by Aggregate
| Vendor | No.� | Aggregate | Top Lot� |
|---|---|---|---|
| Halo Bloodstock Ltd | 17 | $1,334,000 | Lot 277 ($320,000) |
| Lyndhurst Farm | 9 | $867,500 | Lot 131 ($350,000) |
| Phoenix Park | 11 | $764,000 | Lot 59 ($160,000) |
| Anzac Lodge | 8 | $500,000 | Lot 207 ($140,000) |
| Esker Lodge | 4 | $425,000 | Lot 201 ($190,000) |
Leading Sires by Average�(3 or more sold)
| Sire | No.� | Average | Top Lot� |
|---|---|---|---|
| No Excuse Needed | 5 | $111,800 | Lot 277 ($320,000) |
| O'Reilly | 7 | $90,714 | Lot�59 ($160,000) |
| Don Eduardo | 5 | $86,800 | Lot�201 ($190,000) |
| Stravinsky | 3 | $75,833 | Lot 229� ($120,000) |
| Postponed | 3 | $68,333 | Lot 141 ($120,000) |