Select Sale Concludes in Record-Breaking Style
2 February 2007
The 2007 Karaka Select Sale concluded in record-breaking style today, with every previous record shattered.
The momentum of the past week continued right to the end of this second session with vendors smiling as the Sale has returned a whopping NZ$21,626,000 in turnover, up 68% from last year's aggregate of NZ$12,856,250 and up 60% from the record aggregate in 2000 of NZ$13,510,500.
The Premier and Select Sale aggregates combined (NZ$78,460,000) have also shattered the previous record turnover for the entire National Yearling Sales Series of NZ$70,809,351 in 2000, with the Festival and Carnival Sales still to go.
Incredibly, the aggregate for the Select Sale is also in excess of the Premier Sale aggregate for the first year New Zealand Bloodstock took the helm, in 1996.�
Both the average and median have also rocketed�past last year's figures, with�the new median price of NZ$42,000 22% up on last year's average of NZ$34,560 let alone a 40% increase on last year's median of NZ$30,000. The new record Select Sale average of NZ$49,715 also reflects a�44% increase in average from last year. A total of 41 yearlings were sold for more than NZ$100,000 compared with eight last year.
With 593 lots�catalogued for this session, 435 were sold at a clearance rate of 81.6%, up from 75% last year, exceeding a previous record clearance rate of 80% in 2004.
New Zealand Bloodstock Marketing Manager, Petrea Vela, summed up the last three days, "The Select Sale has been an overwhelming success with the results far beyond any expectations we had. To record an almost $9 million increase in turnover with just 36 more horses catalogued, a�40% increase in median, combined with a record clearance rate for this Sale is a huge boost to the industry and a great credit to vendors."
"Particularly noticeable has been the considerable strength of the domestic buying bench with lots of�new faces amongst the regular buyers,�which reflects the revival of confidence in our racing and breeding industries since the recent tax changes. The promise of increased returns�to owners�has already had an effect on their investment activity which, for vendors, means more funds available for reinvestment marking the start of a very exciting period in our industry's history."
With results sheets reflecting purchases heading to Australia, Ireland, Singapore, Philippines, Korea and�Hong Kong as well as New Zealand, the leading individual buyer of the Select session was John Chalmers who purchased 16 yearlings for a total of NZ$897,000, including a top price of NZ$135,000 in the last five lots of the day�for a Viking Ruler�filly out of Success Express mare, Vargas Diamond,�from Cambridge Stud.
Also prominent were Australian-based buyers Kieran Moore, John Morissey,�Michael Stedman, Brian Jenkins plus local buyers including Paul Moroney, Phill Cataldo, Lance O'Sullivan, Graeme Rogerson, Dean Hawthorne, David Ellis, Robbie Hewetson and John Wheeler.
Leading vendor by aggregate was the Chittick's Waikato Stud, with 23 horses sold for an aggregate of NZ$1,712,500, an average at this session of NZ$74,457, and a 100% clearance rate. The Stud's top price of the Select Sale was Lot 865, an O'Reilly filly out of Not Sure (Masterclass) bought for NZ$150,000 by Sydney buyer, Steve Brem.
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�Lot 600 with Little Avondale Stud's Sam Williams |
The leading vendor by average was Buzz and Sam Williams' Little Avondale Stud in Masterton, who claimed top honours when the No Excuse Needed colt out of Cymbidium (Centaine) broke the record for the highest priced lot at this Sale when secured by Australian-based agent, Michael Stedman, for $230,000. The Stud sold seven yearlings for an aggregate of NZ$805,000 and an average of NZ$115,000.
Little Avondale's Stud's resident sire, Towkay (Last Tycoon), was the leading sire of the session with four yearlings sold for an average of NZ$81,875 including a top priced lot of NZ$135,000 for a filly out of Clermont Rose (Sound Reason). Towkay is currently the second leading sire in Hong Kong with leading performer, Armada, the�winner of the Hong Kong Group 1 Stewards Cup last Sunday night.
Leading first season sire was Waikato Stud resident,�No Excuse Needed, with 12 yearlings sold for an average of NZ$78,083 including the top priced lot of the Sale. No Excuse Needed is represented by one�of the�favourites in the New Zealand Bloodstock $500,000 2YO Classique tomorrow at Te Rapa with his first stakeswinner, Grand Dancer.
2007 Select Sale Statistics
| Overall 2007 | Overall 2006� | |
|---|---|---|
| Average | $49,715 | $34,687 |
| Aggregate | $21,626,000 | $12,834,250 |
| Lots Catalogued | 593 | 557 |
| Lots Sold | 435 | 370 |
| Clearance Rate | 81.6% | 75% |
| Median | $42,000 | $30,000 |
| 2007 Select Sale Top Price - Lot 600 Br.C No Excuse Needed x Cymbidium | $230,000 | |
| 2006 Top�Price - Lot 603 Stravinsky x Stilts | $130,000 | |
| 2006 Top Price - Lot 1040 Pentire x Our Lucy | $130,000 | |
Top Lots
| Lot | Type� | Breeding | Vendor | Buyers Name | Price |
|---|---|---|---|---|---|
| 600 | BR.C | No Excuse Needed / Cymbidium | LITTLE AVONDALE STUD | MICHAEL STEDMAN BLOODSTOCK (NSW) | $230,000 |
| 542 | BR.C | Lucky Owners / Bright Beauty | TRELAWNEY STUD | KIERAN MOORE B/STOCK P/L (NSW) | $170,000 |
| 787 | B.C | Montjeu / Little Gem | CHESTERFIELDS | MR D O'BYRNE (Ireland) | $160,000 |
| 820 | B.C | Danasinga / Mi Centie | SHELBY PARK | MILESHAN NOMINEES (VIC) | $155,000 |
| 668 | B.C | Elusive City / Flying Finish | TRELAWNEY STUD | KIERAN MOORE B/STOCK P/L (NSW) | $150,000 |
| 865 | B.F | O'Reilly / Not Sure | WAIKATO STUD | MR S BREM (NSW) | $150,000 |
| 926 | B.F | Pins / Riposte | HAUNUI FARM LTD | MR J SUNG (Malaysia) | $150,000 |
| 464 | C.C | Jungle Pocket / Wella | RICH HILL THOROUGHBREDS | DEAN HAWTHORNE BLOODSTOCK (VIC) | $140,000 |
| 562 | B.F | Spartacus / Cattleya | LYNDHURST FARM | ROHAN J HUGHES THOROUGHBRED (VIC) | $140,000 |
| 620 | B.C | No Excuse Needed / Disguised | WAIKATO STUD | ALL'S WELL THOROUGHBRED (Hong Kong) | $140,000 |
| 769 | C.C | Captain Rio / Lady Paloma | WESTBURY STUD | BROOKBY STABLES (Auckland) | $140,000 |
| 819 | C.C | Thorn Park / Message to My Girl | ESKER LODGE | WAIKATO BLOODSTOCK (Cambridge) | $140,000 |
| 924 | B.C | Pins / Rhythm and Black | ANCROFT STUD | NEW ZEALAND BLOODSTOCK (as agent) | $140,000 |
| 951 | B.C | Tobougg / Setera | MONOVALE HOLDINGS | ROBBIE HEWETSON BLOODSTOCK (Matamata) | $140,000 |
| 1050 | C.C | Captain Rio / Vinci | BLANDFORD LODGE | PHILL CATALDO BLOODSTOCK (Otaki) | $140,000 |
| 583 | BR.F | Towkay / Clermont Rose | LITTLE AVONDALE STUD | MR JR WHEELER (New Plymouth) | $135,000 |
| 1048 | B.F | Viking Ruler / Vargas Diamond | CAMBRIDGE STUD | JOHN CHALMERS BLOODSTOCK (WA) | $135,000 |
| 606 | B.C | Postponed / Dans'ore | WESTBURY STUD | PHILL CATALDO BLOODSTOCK (Otaki) | $130,000 |
| 634 | B.C | Delago Brom / Egic | HALLMARK STUD | ROBBIE HEWETSON BLOODSTOCK (Hong Kong) | $130,000 |
| 516 | C.C | Captain Rio / Ballet Queen | WESTBURY STUD | DR KC TAN (Singapore) | $125,000 |
| 790 | B.C | Pentire / Lodge Place | SEATON PARK | KIERAN MOORE B/STOCK P/L (NSW) | $125,000 |
| 894 | C.C | Volksraad / Pherozity | LYNDHURST FARM | LISA LATTA RACING STABLES (Palmerston North) | $125,000 |
Leading Buyers by Aggregate
| Purchaser | Bought | Aggregate | Average | Top Price |
|---|---|---|---|---|
| NEW ZEALAND BLOODSTOCK (as agent) | 30 | $1,411,500 | $47,050 | $140,000 |
| JOHN CHALMERS BLOODSTOCK | 16 | $897,000 | $56,063 | $135,000 |
| PHILL CATALDO BLOODSTOCK | 12 | $877,500 | $73,125 | $140,000 |
| PAUL MORONEY BLOODSTOCK | 14 | $695,000 | $49,643 | $110,000 |
| KIERAN MOORE B/STOCK P/L | 6 | $602,500 | $100,417 | $170,000 |
| MR LA O'SULLIVAN | 10 | $578,000 | $57,800 | $120,000 |
| MICHAEL STEDMAN BLOODSTOCK | 6 | $545,500 | $90,917 | $230,000 |
| MR J MORRISEY | 9 | $523,500 | $58,167 | $110,000 |
| ROGERSON BLOODSTOCK | 13 | $502,500 | $38,654 | $92,500 |
| DEAN HAWTHORNE BLOODSTOCK | 6 | $445,500 | $74,250 | $140,000 |
Leading Sires by Average (3 or more sold)
| Sire | Sold | Average | Aggregate | Top Price |
|---|---|---|---|---|
| Towkay | 4 | $81,875 | $327,500 | $135,000 |
| Tobougg | 3 | $80,833 | $242,500 | $140,000 |
| No Excuse Needed | 12 | $78,083 | $937,000 | $230,000 |
| Pins | 13 | $77,077 | $1,002,000 | $150,000 |
| O'Reilly | 13 | $75,269 | $978,500 | $150,000 |
| Volksraad | 19 | $74,368 | $1,413,000 | $125,000 |
| Lucky Owners | 3 | $72,000 | $216,000 | $170,000 |
| Captain Rio | 12 | $69,250 | $831,000 | $140,000 |
| Montjeu | 16 | $65,500 | $1,048,000 | $160,000 |
| Danasinga | 19 | $64,684 | $1,229,000 | $155,000 |
Leading First Season Sires by Average (3 or more sold)
| Sire | Sold | Average | Aggregate | Top Price |
|---|---|---|---|---|
| Lucky Owners | 3 | $72,000 | $216,000 | $170,000 |
| Captain Rio | 12 | $69,250 | $831,000 | $140,000 |
| Spartacus | 12 | $61,208 | $734,500 | $140,000 |
| Storm Creek | 7 | $61,071 | $427,500 | $92,500 |
| Ishiguru | 3 | $57,500 | $172,500 | $80,000 |
| Thorn Park | 14 | $57,036 | $798,500 | $140,000 |
| Elusive City | 15 | $52,100 | $781,500 | $150,000 |
| Ekraar | 13 | $51,731 | $672,500 | $105,000 |
| Danroad | 9 | $43,667 | $393,000 | $100,000 |
| Hawk Wing | 3 | $34,000 | $102,000 | $37,000 |
Leading Vendors by Average (3 or more sold)
| Vendor | Sold | Average | Aggregate | Top Price |
|---|---|---|---|---|
| LITTLE AVONDALE STUD | 7 | $115,000 | $805,000 | $230,000 |
| LYNDHURST FARM | 4 | $98,125 | $392,500 | $140,000 |
| WESTBURY STUD� | 7 | $88,714 | $621,000 | $140,000 |
| BLANDFORD LODGE | 3 | $77,500 | $232,500 | $140,000 |
| CHESTERFIELDS | 3 | $75,333 | $226,000 | $160,000 |
| WAIKATO STUD� | 23 | $74,457 | $1,712,500 | $150,000 |
| WELLFIELD LODGE | 4 | $71,875 | $287,500 | $80,000 |
| ASCOT FARM | 3 | $70,333 | $211,000 | $95,000 |
| TRELAWNEY STUD | 13 | $68,654 | $892,500 | $170,000 |
| SHELBY PARK� | 7 | $63,643 | $445,500 | $155,000 |
Leading Vendors by Aggregate
| Vendor | Sold | Aggregate | Average | Top Price |
|---|---|---|---|---|
| WAIKATO STUD | 23 | $1,712,500 | $74,457 | $150,000 |
| ESKER LODGE | 19 | $908,500 | $47,816 | $140,000 |
| CURRAGHMORE STUD� | 16 | $901,000 | $56,313 | $120,000 |
| TRELAWNEY STUD | 13 | $892,500 | $68,654 | $170,000 |
| WINDSOR PARK STUD | 22 | $812,000 | $36,909 | $110,000 |
| LITTLE AVONDALE STUD | 7 | $805,000 | $115,000 | $230,000 |
| HAUNUI FARM� | 12 | $757,500 | $63,125 | $150,000 |
| THE OAKS STUD | 22 | $744,500 | $33,841 | $90,000 |
| RICH HILL THOROUGHBREDS | 18 | $702,500 | $39,028 | $140,000 |
| TWIN PINE THOROUGHBREDS� | 12 | $659,500 | $54,958 | $105,000 |