2008 NZB National Yearling Sales Series Summary

2008 NZB National Yearling Sales Series Summary

New Record Turnover
New Record Average
New Record Clearance
New Record Median

New Record Top Prices for Select & Festival Sales
At the end of a spectacular week of selling at the 82nd National Yearling Sales Series, the final figures across the three sales sessions show staggering returns to the industry.

In the final analysis, New Zealand Bloodstock's 2008 Sales Series has grossed $111,148,850, a massive $30m and 36% increase on total turnover last year of $81,375,700 which, at 24% growth on the previous year, was also a record.

With 1555 horses catalogued across the Premier, Select and Festival Sales it was the largest offering at Karaka since 2002 (1734), and 193 more than last year.  Of these, 1171 were sold for a new record combined average of $94,918, up 19% on the previous record set last year of $79,546. This also reflects a new record clearance rate for the entire Sales Series of 83%, up from the previous record of 82% set in 2004 and equalled last year.

 Karaka 2008 Combined Results
Overall 2008
Overall 2007
Overall 2006 
Average
$94,918

$79,546
$63,012
Aggregate
$111,148,850

$81,375,700
$65,721,500
Lots Catalogued
1555

1362
1528
Withdrawn
136

123
202
Offered
1419

1239
1326
Passed
248

216
283
Lots Sold
1171

1023
1043
Clearance Rate
83%

83%
79%
Median
$52,250

$50,000
$35,000
2008 Top Price - Redoute's Choice x Popsy Colt (Lot 299)
$1,450,000
2007 Top Price - Zabeel x Sunline Colt (Lot 411)
$2,000,000
2006 Top Price - Stravinsky x Grand Echezeaux Colt (Lot 341)
$2,200,000

The strength of the middle market was evidenced at every session of the sales week, with a new record median and clearance rate posted in each case. The Premier Sale median climbed a massive 36% from $110,000 to $150,000 (just shy of last year's record average of $156,567); the Select Sale increased by 14% from $42,000 to $48,000 (also just off last year's average of $49,715); and the Festival Sale followed in a similar vein to post a new record median of $12,000, up 20% on last year's $10,000.

Despite just one horse selling for over $1 million, there was also strength at the top end of the market in each of the three sessions. This was particularly noticeable at the Select and Festival Sales which both boasted new record top prices. In addition, at the Select Sale 14 horses sold for $200,000 or more versus just one in 2007, and at the Festival Sale 29 horses were sold for $40,000 or more compared with just six the previous year.

Leading Buyers
One of the most successful outcomes of Karaka 2008 was the strength of the buying bench, both domestic and international.

The leading buyer of the Sale, Nathan Tinkler's Patinack Farm, was a new face at Karaka, and a dominant force ringside. With 24 yearlings purchased for $7,920,000, Tinkler's haul made up more than 10% of the entire Premier Sale turnover of $77,115,700. His top price was $925,000 paid for the One Cool Cat filly from Diamond Cashel on the first day of the Sale.

He spearheaded a powerful Australian buying bench that included prominent buyers Danny O'Brien, John Chalmers, Anthony Cummings, Blue Horizon Syndicate, Mark Pilkington and Robert Roulston, and accounted for in excess of $47 million in yearling purchases. This is a huge increase in the total spend by Australian buyers last year of just over $25 million.

But for the New Zealand industry it was just as heartening to see the local buyers giving the internationals some strong competition, with New Zealand buyers accounting for over $43 million worth of bloodstock purchases, up from $40 million last year and $31 million the year before.

The leading New Zealand buyer was David Ellis of Te Akau Stud who purchased 32 yearlings in total for $6,044,500. These ranged in price from $900,000 (Zabeel colt ex La Quinta Gold) to $20,000 paid at the Select Sale for the half-sister to Justa Tad by Traditionally.

Other New Zealand buyers Dean Hawthorne, Paul Moroney, John Sargent, Graeme Rogerson, Tony Pike, John Wheeler, Roger James and Trevor McKee were amongst those also prominent.

Also making a big impact on the Sale were the Hong Kong buyers at Karaka, lead by the Hong Kong Jockey Club (the fourth leading buyer overall) with 24 horses bought for $4,885,000. Of these, 12 yearlings are destined for the HKJC International Sale in December, with the other 12 set for the Subscription Griffin Scheme.

Second leading Hong Kong buyer was Willie Leung's Magus Equine Ltd who purchased 11 horses for $2,161,000. Together these buyers made a significant contribution to the total spend by Hong Kong buyers of $11.9 million, up from $9.5 million last year.

The buyers sheets also recorded purchasers from Singapore, Japan, Malaysia, Macau, USA, England and South Africa.

Leading Vendors
With record returns to the industry, there were many successful vendors from this year's Sale, but it was no surprise that for the 27th year in a row the leading vendor by aggregate at the Karaka Sales was Sir Patrick Hogan's Cambridge Stud.

With 62 horses sold for $15,780,500, at an average of $274,524 this exceeds his sale-topping results last year of 51 yearlings sold for for an aggregate of $9,473,500 and an average of $185,755.

Second leading vendor by aggregate was Gordon Cunningham's Curraghmore Stud who sold 40 yearlings for a turnover of $8,072,500, at an average price of $201,813.

The leading vendor by average was Bruce and Maureen Harvey's Ascot Farm who sold five yearlings at an average price of $317,000, with a top price of $850,000 for the Flying Spur colt out of Chicago Wonder bought by Shadwell Stud Australasia.

There are still 198 yearlings set to be offered at the 2008 Karaka Carnival Sale on 7 March. Catalogues will go out next week.

Top Lots
Lot
Type
Breeding
Vendor
Purchaser
Price
299
B.C
Redoute's Choice / Popsy
ESKER LODGE 
MR J SARGENT
$1,450,000
82
B.F
One Cool Cat / Diamond Cashel
CAMBRIDGE STUD
PATINACK FARM
$925,000
219
B.C
Zabeel / La Quinta Gold
CAMBRIDGE STUD
MR DC ELLIS
$900,000
342
B.C
Encosta de Lago / Sea of Faith
CURRAGHMORE STUD 
DEAN HAWTHORNE BLOODSTOCK
$870,000
41
B.C
Flying Spur / Chicago Wonder
ASCOT FARM
SHADWELL STUD AUSTRALASIA
$850,000
70
B.C
Zabeel / Dane Dancer
CAMBRIDGE STUD
MRS GM WATERHOUSE
$820,000
246
B.F
Rock of Gibraltar / Marquise
CAMBRIDGE STUD
MR BJ & MRS J LINDSAY
$800,000
137
B.F
Fastnet Rock / Galapagos Girl
TRELAWNEY STUD
BBA - IRELAND
$700,000
471
G.C
Fastnet Rock / Affirmed Lane
PENCARROW STUD
MR DC ELLIS
$700,000
333
B.F
Encosta de Lago / Rose Pompadour
CURRAGHMORE STUD 
PATINACK FARM
$680,000
428
B.C
Fastnet Rock / Tristachine
WINDSOR PARK STUD 
MARK PILKINGTON BLOODSTOCK
$650,000
425
B.F
One Cool Cat / Tricia Ann
CAMBRIDGE STUD
PATINACK FARM
$640,000
269
BR.C
Zabeel / Natalie Wood
THE OAKS STUD
HAWKES RACING
$625,000
14
B.C
Zabeel / Better Succeed
CAMBRIDGE STUD
PATINACK FARM
$620,000
197
B.C
Zabeel / Kerkira
BELTANA STUD
DEAN HAWTHORNE BLOODSTOCK
$600,000
398
B.C
Zabeel / Taimana
WHAKANUI STUD 
BLUE HORIZON SYNDICATE
$600,000
409
B.C
O'Reilly / The Dazzler
RODMOR STUD
MR JR WHEELER
$600,000
357
B.C
Zabeel / Silk Slipper
CAMBRIDGE STUD
PATINACK FARM
$575,000
80
B.C
Zabeel / Desert Lily
PENCARROW STUD
MR DC ELLIS
$550,000
100
B.C
Pentire / Excelo
RICH HILL THOROUGHBREDS 
DANNY O'BRIEN RACING
$550,000
Top 20 Purchasers by Aggregate
Purchaser
Bought
Aggregate
Average
Top Price
PATINACK FARM
24
$7,920,000
$330,000
$925,000
NEW ZEALAND BLOODSTOCK (as agent)
80
$6,243,700
$78,046
$360,000
MR DC ELLIS
32
$6,044,500
$188,891
$900,000
HONG KONG JOCKEY CLUB
24
$4,885,000
$203,542
$480,000
DEAN HAWTHORNE BLOODSTOCK
12
$3,192,000
$266,000
$870,000
DANNY O'BRIEN RACING
16
$3,030,000
$189,375
$550,000
JOHN CHALMERS BLOODSTOCK
20
$2,585,000
$129,250
$320,000
PAUL MORONEY BLOODSTOCK
25
$2,559,500
$102,380
$350,000
MR J SARGENT
13
$2,305,500
$177,346
$1,450,000
MAGUS EQUINE 
11
$2,161,000
$196,455
$440,000
MR AJ CUMMINGS
9
$1,760,000
$195,556
$375,000
BLUE HORIZON SYNDICATE
14
$1,619,500
$115,679
$600,000
ROGERSON BLOODSTOCK
10
$1,478,000
$147,800
$420,000
MARK PILKINGTON BLOODSTOCK
7
$1,380,000
$197,143
$650,000
ROBERT ROULSTON BLOODSTOCK
10
$1,203,000
$120,300
$420,000
IDL RACING 
7
$1,155,000
$165,000
$315,000
SHADWELL STUD AUSTRALASIA 
2
$1,140,000
$570,000
$850,000
TONY PIKE BLOODSTOCK
12
$1,135,500
$94,625
$210,000
HAWKES RACING
2
$1,125,000
$562,500
$625,000
LAKEVIEW STUD 
9
$961,000
$106,778
$520,000
Top 20 Vendors by Aggregate
Vendor
Sold
Aggregate
Average
Top Price
CAMBRIDGE STUD
62
$15,780,500
$254,524
$925,000
CURRAGHMORE STUD
40
$8,072,500
$201,813
$870,000
WINDSOR PARK STUD
70
$7,015,000
$100,214
$650,000
WAIKATO STUD
60
$6,937,000
$115,617
$480,000
TRELAWNEY STUD
29
$4,262,500
$146,983
$700,000
HAUNUI FARM
31
$3,865,500
$124,694
$525,000
PENCARROW STUD
16
$3,702,000
$231,375
$700,000
ESKER LODGE
24
$3,340,000
$139,167
$1,450,000
WESTBURY STUD
27
$3,080,000
$114,074
$500,000
LYNDHURST FARM
20
$3,052,500
$152,625
$500,000
THE OAKS STUD
30
$2,764,000
$92,133
$625,000
RICH HILL THOROUGHBREDS
31
$2,580,000
$83,226
$550,000
HALLMARK STUD
18
$2,464,000
$136,889
$420,000
PHOENIX PARK
18
$2,432,000
$135,111
$540,000
HIGHVIEW STUD
30
$2,116,500
$70,550
$340,000
LITTLE AVONDALE STUD
24
$1,910,000
$79,583
$200,000
WHAKANUI STUD
10
$1,843,000
$184,300
$600,000
FAIRDALE STUD
24
$1,757,000
$73,208
$250,000
SOLILOQUY LODGE
11
$1,701,500
$154,682
$480,000
WENTWOOD GRANGE
18
$1,681,500
$93,417
$330,000
Top 20 Vendors by Average (3 or more sold)
Vendor
Sold
Average
Aggregate
Top Price
ASCOT FARM
5
$317,000
$1,585,000
$850,000
CAMBRIDGE STUD
62
$254,524
$15,780,500
$925,000
PENCARROW STUD
16
$231,375
$3,702,000
$700,000
BELTANA STUD
3
$222,500
$667,500
$600,000
CURRAGHMORE STUD
40
$201,813
$8,072,500
$870,000
WHAKANUI STUD
10
$184,300
$1,843,000
$600,000
BELVEDERE FARM
5
$171,500
$857,500
$440,000
RODMOR STUD
8
$168,000
$1,344,000
$600,000
LONGLANDS STUD
3
$156,667
$470,000
$280,000
SOLILOQUY LODGE
11
$154,682
$1,701,500
$480,000
LYNDHURST FARM
20
$152,625
$3,052,500
$500,000
TRELAWNEY STUD
29
$146,983
$4,262,500
$700,000
ESKER LODGE
24
$139,167
$3,340,000
$1,450,000
BLANDFORD LODGE
11
$138,818
$1,527,000
$375,000
HALLMARK STUD
18
$136,889
$2,464,000
$420,000
TAMGALY NZ
7
$136,500
$955,500
$290,000
PHOENIX PARK
18
$135,111
$2,432,000
$540,000
HAUNUI FARM
31
$124,694
$3,865,500
$525,000
VALACHI DOWNS
5
$116,000
$580,000
$300,000
WAIKATO STUD
60
$115,617
$6,937,000
$480,000
Top 20 Sires by Average (3 or more sold)
Sire
Sold
Average
Aggregate
Top Price
Redoute's Choice
3
$773,333
$2,320,000
$1,450,000
Fastnet Rock
11
$385,455
$4,240,000
$700,000
Zabeel
36
$366,944
$13,210,000
$900,000
Encosta de Lago
16
$349,375
$5,590,000
$870,000
Flying Spur
7
$297,857
$2,085,000
$850,000
Rock of Gibraltar
10
$242,250
$2,422,500
$800,000
Exceed and Excel
3
$223,333
$670,000
$290,000
Danehill Dancer
6
$210,833
$1,265,000
$450,000
Elvstroem
5
$200,000
$1,000,000
$350,000
Lion Heart
3
$183,333
$550,000
$230,000
Stravinsky
22
$169,886
$3,737,500
$330,000
Red Ransom
3
$168,333
$505,000
$300,000
Royal Academy
3
$166,667
$500,000
$210,000
O'Reilly
29
$162,345
$4,708,000
$600,000
Tiger Hill
3
$155,000
$465,000
$250,000
General Nediym
4
$155,000
$620,000
$230,000
Cape Cross
12
$151,750
$1,821,000
$280,000
One Cool Cat
38
$140,303
$5,331,500
$925,000
Pins
41
$129,000
$5,289,000
$500,000
Pentire
20
$124,150
$2,483,000
$550,000
Top 20 First Season Sires by Average (3 or more sold)
Sire
Sold
Average
Aggregate
Top Price
Fastnet Rock
11
$385,455
$4,240,000
$700,000
Elvstroem
5
$200,000
$1,000,000
$350,000
Lion Heart
3
$183,333
$550,000
$230,000
Tiger Hill
3
$155,000
$465,000
$250,000
One Cool Cat
38
$140,303
$5,331,500
$925,000
Charge Forward
3
$117,000
$351,000
$240,000
Savabeel
39
$116,410
$4,540,000
$300,000
High Chaparral
36
$105,889
$3,812,000
$300,000
Johar
28
$94,946
$2,658,500
$400,000
Niello
3
$84,000
$252,000
$190,000
Not a Single Doubt
5
$79,000
$395,000
$110,000
Al Maher
5
$77,000
$385,000
$170,000
Shamardal
4
$64,125
$256,500
$100,000
Bachelor Duke
22
$60,068
$1,321,500
$200,000
Reset
4
$60,000
$240,000
$85,000
Scaredee Cat
12
$59,350
$712,200
$300,000
Footstepsinthesand
5
$52,000
$260,000
$72,500
King's Chapel
24
$43,129
$1,035,100
$260,000
Handsome Ransom
13
$36,077
$469,000
$60,000
Hawkeye
5
$22,900
$114,500
$30,000
 
ends

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