Date posted May 5, 2010 | Posted by Michele Cullen | Filed under
Pins,
Premium Updates,
Sales NewsA strengthening of the market on day two of the National Weanling & Broodmare Sale at Karaka saw the weanling session close with results improving further.
The top price of 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 sessions.
“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.
“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 offerings went under the hammer during the 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.
