Market Strengthens at Karaka Weanling Sale

Market Strengthens at Karaka Weanling Sale

A strengthening of the market on day two of the National Weanling & Broodmare Sale today at Karaka saw the weanling session close with results improving further on yesterday's trade.

The top price of today's weanling offering came at Lot 356 with the colt by Pins from four-time winning Danehill mare, Dane Shakira, fetching $130,000. Offered by Shelby Park the colt was purchased by New Zealand Bloodstock as agent for a local breeder.

After 468 weanling lots, the final results showed total takings of $3,826,450 for 336 lots sold, up 59% on last year ($2,407,800 for 267 lots sold). The final session average was $11,388 (up 26% from last year's $9,018), with a median of $4,000 (up 23% from last year's $3,250), and a clearance rate that climbed steadily to finish at a respectable 80%.

Co-Managing Director Petrea Vela said the results reflect the mixed demand over the course of the weanling session yesterday and today.

"The general consensus amongst weanling buyers here is that nice horses were commanding good money, and there was good competition on the selection of most appealing lots. The reality though is that unfortunately there is very limited demand for the lesser pedigreed horses, particularly fillies, which was reflected in the clearance rate. However we can still take heart from the solid demand that continues for good commercial stock."

Gordon Cunningham's Curraghmore Stud stole the show as the leading vendor for the fifth year in a row, claiming 4 of the top 10 lots in the sale and selling a total of 19 lots for $789,200.

Curraghmore Stud claimed the top two priced of the weanling sale, with the $220,000 colt by Encosta de Lago (Lot 300) and the $200,000 Zabeel filly (Lot 125) that both went through the ring yesterday.

"We're very happy with the way the sale has gone for us," commented Gordon after the sale. "We had some lovely horses in our draft which commanded good interest and made their money, and certainly we come away with confidence that there's a good viable market here.

"The lower end was much harder - a function no doubt of a number of challenges facing our racing industry here in New Zealand. However as usual there was terrific demand for good quality horses and a number of our clients have been rewarded with very good returns." 

The first 136 of the broodmare offering went under the hammer this afternoon, with 91 sold for $884,850 at an average of $9,724.

The top priced mare of the day came at Lot 505, with Tim Stakemire bidding to $60,000 to secure Miller's Pride, in foal to Darci Brahma, for Sheikh Mohammed Bin Khalifa Al Maktoum from Pencarrow Stud.

Selling continues tomorrow from 10am with the remaining 201 broodmares, followed by yearlings, two-year-olds, unraced stock, racehorses, stallion shares and supplementary entries.

Click here to view today's Passed Lots or the full results summary.

2010 National Weanling, Broodmare & Mixed Bloodstock Sale
2010
2009
Catalogued
463
336

Sold
336
267

Clearance
80%
88%

Average
$11,388
$9,018

Median
$4,000
$3,250

Aggregate
$3,826,450
$2,407,800

Top Price
$220,000
$100,000

Top Lots
Lot
Type
Breeding
Vendor
Purchaser
Location
Price
300
B.C
Encosta de Lago / Breeze Hill
Curraghmore Stud Ltd
Ascot Farm
Cambridge
$220,000
125
BR.F
Zabeel / Primera Dama
Curraghmore Stud Ltd
Marcus Corban Bloodstock
Cambridge
$200,000
205
BR.C
Pentire / Stretto
Seaton Park Ltd
Beamish Bloodstock
Matamata
$130,000
356
B.C
Pins / Dane Shakira
Shelby Park Ltd
NZB as agent
Auckland
$130,000
254
B.C
Pentire / Abenezra
Rich Hill Thoroughbreds
Michael Wallace Bloodstock 
Cambridge
$90,000
382
G.C
Thorn Park / Egeria
Curraghmore Stud Ltd
Sequoia Lodge Ltd
Hamilton
$90,000
123
B.C
Pentire / Powergame
Esker Lodge Ltd
NZB as agent
Cambridge
$70,000
446
BR.F
Perfectly Ready / Join the Fun
Mrs L Stewart
Mr PM Liston
Victoria
$62,500
187
B.C
Darci Brahma / Soaring Spirit
Blandford Lodge
Mr PA Willetts
NSW
$60,000
363
B.C
Tale of the Cat / Desert Imp
Curraghmore Stud Ltd
NZB as agent
NSW
$60,000
Leading Purchasers by Aggregate
Purchaser
Bought
Aggregate
Average
Top Price
NZB as agent
35
$745,800
$21,309
$130,000
Ascot Farm
3
$290,000
$96,667
$220,000
Michael Wallace Bloodstock
6
$206,500
$34,417
$90,000
Marcus Corban Bloodstock
1
$200,000
$200,000
$200,000
Mr PA Willetts
6
$186,500
$31,083
$62,500
Beamish Bloodstock
3
$145,500
$48,500
$130,000
Maara Grange
5
$142,500
$28,500
$50,000
Anistay Lodge
4
$93,000
$23,250
$40,000
Sequoia Lodge Ltd
1
$90,000
$90,000
$90,000
Mulcaster Bloodstock
2
$76,000
$38,000
$50,000
Leading Vendors by Aggregate
Vendor
Sold
Aggregate
Average
Top Price
Curraghmore Stud Ltd
19
$789,200
$41,537
$220,000
Seaton Park Ltd
11
$236,950
$21,541
$130,000
Haunui Farm Ltd
12
$219,600
$18,300
$40,000
Waikato Stud
24
$197,000
$8,208
$32,000
Windsor Park Stud Ltd
18
$185,800
$10,322
$56,000
Esker Lodge Ltd
8
$164,000
$20,500
$70,000
Rich Hill Thoroughbreds
8
$163,400
$20,425
$90,000
Brighthill Farm
12
$159,100
$13,258
$37,500
Shelby Park Ltd
3
$138,800
$46,267
$130,000
Little Avondale Stud
12
$128,500
$10,708
$50,000
Leading Vendors by Average (3 or more sold) 
Vendor
Sold
Average
Aggregate
Top Price
Shelby Park Ltd
3
$46,267
$138,800
$130,000
Curraghmore Stud Ltd
19
$41,537
$789,200
$220,000
Seaton Park Ltd
11
$21,541
$236,950
$130,000
Esker Lodge Ltd
8
$20,500
$164,000
$70,000
Rich Hill Thoroughbreds
8
$20,425
$163,400
$90,000
Phoenix Park
3
$19,667
$59,000
$38,000
Haunui Farm Ltd
12
$18,300
$219,600
$40,000
Delph Common
3
$15,500
$46,500
$26,000
Wellfield Lodge
4
$14,650
$58,600
$50,000
Brighthill Farm
12
$13,258
$159,100
$37,500
Leading Sires by Average (3 or more sold) 
Sire
Sold
Average
Aggregate
Top Price
Pentire
5
$69,700
$348,500
$130,000
Pins
4
$45,500
$182,000
$130,000
Darci Brahma
3
$39,000
$117,000
$60,000
Iffraaj*
10
$22,860
$228,600
$50,000
O'Reilly
4
$21,000
$84,000
$25,000
Golan
6
$20,300
$121,800
$56,000
Perfectly Ready
15
$19,570
$293,550
$62,500
Chianti
3
$16,367
$49,100
$48,000
Dubawi
3
$15,333
$46,000
$26,000
Elusive City
10
$15,255
$152,550
$50,000
* first season sire

ends
 

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