$400,000 Red Ransom Colt Tops RTR Day One

$400,000 Red Ransom Colt Tops RTR Day One

The first day of New Zealand Bloodstock's Ready to Run Sale of two-year-olds has showed resilience to recent economic pressures with results holding up well against those posted at last year's record Sale.

With 212 lots catalogued for Day One of the two-day Sale the average was $61,128 ($61,134 in 2007) by the close of play, with a $32,500 median ($36,000 in 2007) and 61% clearance rate (70% in 2007).  Turnover is currently $6,907,500 for the 113 horses sold today.

Today's sale-topper Lot 62 breezing up at Te Rapa last month

The top lot of the day came at Lot 62, a Red Ransom colt purchased by Singapore-based trainer Stephen Gray for $400,000. From Lady Circles (Ascot Knight), a half-sister to Elvstroem and Haradasun, the colt consigned by Esker Lodge breezed up in a speedy 10.66 seconds.

Ex-pat Kiwi Gray was delighted with his purchase, "He's a good looking colt with a strong stallion pedigree and was great value at the price.

"We'll send him down to my parents place (in Palmerston North) to mature and will race him in New Zealand before we look at taking him to Singapore. We're in no hurry with him and will look to start him as a late two-year-old/early three-year-old."

The second highest price of the day came at Lot 93 with the Zabeel colt from Macanudo (Kingdom Bay) bought by Graeme Rogerson for $320,000. From a half-sister to the dam of Queensland Oaks winner Vouvray, the colt offered by Phoenix Park did not breeze up.

Rogerson was also the leading buyer of the day with four horses bought for $965,000.

New Zealand Bloodstock Managing Director Sales & Marketing Petrea Vela said the sale company was pleased with the results posted at Karaka today.

"This is our first sale since world financial pressures have come to bear and we are very pleased by how well the market here is holding up. We are by no means immune but certainly today's results are heartening under the current circumstances.

"There is clear strength at the top of the market but as we anticipated buyers are selective in their purchasing and the clearance rate reflects this. We've seen good competition on the sought after lots but it's a buyers' market and there is still plenty of opportunity to acquire some good quality young stock over the course of tomorrow."

Today's Sale received a notable boost from the large turnout of international buyers active ringside at Karaka, in particular from Hong Kong, Singapore, Malaysia, Australia and Korea. The Seoul Racehorse Owners Association has been amongst the most prolific international buyers with ten two-year-olds purchased so far.

2008 Ready to Run Sale Day 1 Statistics
2008 Day 1
2007 Final
AVERAGE
$61,128
$61,134
MEDIAN
$32,500
$36,000
CLEARANCE
61%
70%
AGGREGATE
$6,907,500 (113 Lots Sold)
$15,100,000 (247 Lots Sold)
TOP LOT
$400,000 (B.C. Red Ransom x Lady Circles) 
$500,000 (B.C Rock of Gibraltar x Run and Hide)
Top Ten Lots
Lot
Type
Breeding
Vendor
Purchaser
Price
62
BR.C
Red Ransom / Lady Circles
ESKER LODGE 
MR S GRAY (Singapore)
$400,000
93
B.G
Zabeel / Macanudo
PHOENIX PARK
ROGERSON BLOODSTOCK (Hamilton)
$320,000
39
B.C
Keeper / Jazzmatazz
PHOENIX PARK
MR C MCANULTY (QLD)
$300,000
143
G.C
Galileo / Our Heather
LYNDHURST FARM
ROGERSON BLOODSTOCK (Hamilton)
$275,000
29
B.C
Zabeel / I'm in Heaven
MANA PARK
ROGERSON BLOODSTOCK (Hamilton)
$260,000
74
B.C
Encosta de Lago / La Veine
REGAL FARM
JOHN FOOTE BLOODSTOCK (QLD)
$260,000
107
B.C
Dehere / Miss Candy
PHOENIX PARK
MR C MCANULTY (QLD)
$250,000
212
B.G
Gold Mine / Shaayil
BREMNER BLOODSTOCK
MR CP BEH (Malaysia)
$185,000
204
B.C
More Than Ready / Sapphire Girl
ESKER LODGE 
MR ONG TIONG SENG (Singapore)
$180,000
156
B.C
Viking Ruler / Pastel
CHEQUERS STUD
WAIKATO BLOODSTOCK (Hong Kong)
$170,000
Leading Buyers by Aggregate
Purchaser
Sold
Aggregate
Average
Top Price
ROGERSON BLOODSTOCK
4
$965,000
$241,250
$320,000
NEW ZEALAND BLOODSTOCK
15
$717,500
$47,833
$100,000
MR C MCANULTY
2
$550,000
$275,000
$300,000
MR S GRAY
2
$485,000
$242,500
$400,000
MR CP BEH
3
$385,000
$128,333
$185,000
Leading Sires by Average (3 or more sold)
Sire
Sold
Average
Aggregate
Top Price
Keeper
4
$121,500
$486,000
$300,000
Pins
4
$81,000
$324,000
$105,000
Volksraad
3
$65,833
$197,500
$82,500
Golan
3
$62,500
$187,500
$110,000
Handsome Ransom
4
$61,250
$245,000
$100,000
Leading Vendors by Average (3 or more sold)
Vendor
Sold
Average
Aggregate
Top Price
REGAL FARM
2
$145,000
$290,000
$260,000
PHOENIX PARK
10
$141,150
$1,411,500
$320,000
ESKER LODGE LTD
6
$140,417
$842,500
$400,000
ANZAC LODGE
1
$100,000
$100,000
$100,000
BREMNER BLOODSTOCK
2
$98,750
$197,500
$185,000
Leading Vendors by Aggregate
Vendor
Sold
Aggregate
Average
Top Price
PHOENIX PARK
10
$1,411,500
$141,150
$320,000
ESKER LODGE LTD
6
$842,500
$140,417
$400,000
LYNDHURST FARM
6
$566,000
$94,333
$275,000
MANA PARK
7
$555,000
$79,286
$260,000
CHEQUERS STUD
3
$295,000
$98,333
$170,000
A list of the day's Passed Lots can be viewed online. For further information on any Passed Lot contact New Zealand Bloodstock.
A further 212 two-year-olds are catalogued for sale from 11am tomorrow at Karaka. The Sale will also be streamed live online at http://www.nzb.co.nz./
For more information visit the New Zealand Bloodstock website or contact Marketing Executive Haylie Martin (haylie.martin@nzb.co.nz).

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