Record-Breaking Opening Session at Karaka Sale

Record-Breaking Opening Session at Karaka Premier Sale

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
2007 Overall

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

Day 1 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

Day 1 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

Day 1 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.

ENDS

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