Select Sale Market Strong - Showing Good Growth In Average, Aggregate & Clearance

The results from Day 1 & 2 of the Select Session of the National Yearling Sales showed very positive increases in sale average, median and clearance rates compared with the combined results of the Select Colts and Select Fillies Sessions last year.

The average at the end of day 2 had reached a very pleasing $31,330 – a 12% increase on last year's end of sale average of $27,952. Most impressive was the clearance rate of 77%, an 8% increase from 69% in 2003. The median also rose to $26,000 – a 15% increase from the end of the 2003 Select Sessions.

The top price of the day was $150,000 which was achieved by two of the progeny of exciting young sire, Stravinsky. Lot 735 was a colt by Stravinsky x Rare Bits, purchased by NSW trainer Paul Perry from the draft of Belvedere Farm. Lot 788 Stravinsky x Shariat, a colt bought by Paul Moroney Bloodstock from the draft of Rich Hill Stud for $150,000. The top price at last year's Select Sessions was $135,000 in the Select Colts Sale. The fact that 2 yearlings have already well surpassed this figure is indicative of the strength of the market today.

Paul Moroney was also leading buyer after two days, taking home 7 lots for $379,500. Other leading buyers throughout the Select Session so far have been Graeme Rogerson with 8 Lots for $344,000, New Zealand Bloodstock as agent with 10 Lots for $324,500, Paul O'Sullivan with 7 Lots for $261,500 and Paul Perry with 2 Lots for $220,000.

2004 SELECT SALE
STATISTICS FROM DAYS 1 & 2 COMBINED

Please note that the 2003 Select Sale was divided into Select Fillies and Select Colts and this year is a combined colts and fillies Sale. Last year's results are therefore taken as the average of the Select Colts and Select Fillies sessions.
1st & 2nd Day AVERAGE = $31,330
12% increase from last year's final Select Session average
2003 Final Premier Sale average = $27,952

1ST & 2ND SESSION AGGREGATE = $7,300,000
2003 End of Select Sale Aggregate = $11,460,500

1ST & 2ND SESSION CLEARANCE RATE =77 %
2003 Final Select Sale Clearance rate = 69%

1ST& 2ND SESSION MEDIAN = $26,000
15% increase from last year
2003 MEDIAN = $22,500

1ST & 2ND SESSION TOP PRICE = Lot 735 $150,000 Stravinsky x Rare Bits
= Lot 788 $150,000 Stravinsky x Shariat

1ST & 2ND SESSION LEADING BUYERS BY AGGREGATE
1st = Paul Moroney Bloodstock 7 Lots for $379,500
2nd = Rogerson Bloodstock 8 Lots for $344,000
3rd = New Zealand Bloodstock as agent 10 Lots for $324,500
4th = Mr Paul O'Sullivan 7 Lots for $261,500
5th = Mr Paul Perry 2 Lots for $220,000

TOP 10 LOTS OVERALL v = vendor p= purchaser

Lot 788 Stravinsky x Shariat $150,000
v=Rich Hill Stud/p=Paul Moroney Bloodstock
Lot 735 Stravinsky x Rare Bits $150,000
v=Belvedere Farm/p=Mr Paul Perry
Lot 599 Kilimanjaro x Last Drinks $100,000
v=Westbury Stud/p=International Bloodstock
Lot 656 Stravinsky x Miss Saigon $95,000
v=Longlands Stud/p=Mr & Mrs BJ Lindsay
Lot 743 Pins x Reputedly $90,000
v=Waikato Stud/p=Mr Brian Mayfield-Smith
Lot 795 Danasinga x Silver's Sister $85,000
v=Wentwood Grange/p=Mr Michael Stedman
Lot 747 Cape Cross x Righteous Lady $85,000
v=Muriwai Bay Stud/p=Rogerson Bloodstock
Lot 712 Faltaat x Peace of Mind $77,500
v=Westbury Stud/p=John Foote Bloodstock Pty
Lot 662 Kaapstad x Mrs Bond $75,000
v=Haunui Farm/p=Laurel Oak Bloodstcok Pty
Lot 817 Almutawakel x Spindrift $75,000
v=Haunui Farm/p=Mr Paul O'Sullivan

END DAY 2 LEADING SIRES BY AVERAGE 2004 (3 or more sold)

1ST = STRAVINSKY 4 SOLD FOR AVERAGE $112,500
2ND = KAAPSTAD 5 SOLD FOR AVERAGE $48,500
3RD = VOLKSRAAD 15 SOLD FOR AVERAGE $43,133
4TH = ALIGN 8 SOLD FOR AVERAGE $41,438
5TH = ALMUTAWAKEL 7 SOLD FOR AVERAGE $39,571

END DAY 2 LEADING 1ST CROP SIRES