Colt by July Cup winner Stravinsky topped day two of the Karaka salePICTURE: Edward Whitaker
at Karaka yearling sale
ALTHOUGH the Premier New Zealand National Yearling Sale at Karaka closed on Tuesday with significant declines, officials were satisfied with the results.
A total of 366 yearlings sold during the two-day auction for an aggregate of NZ$53,330,000 (£19,966,186/€21,338,250), down 31 per cent, and an average of NZ$145,710 (£54,607/€58,357), a fall of 27 per cent. The medianalso suffered, dropping 33 per cent to NZ$100,000 (£37,476/€40,050), as did the clearance rate, which fell by nine per cent to 77 per cent.
However, given that last year's renewal smashed records across the board, it was felt that the sale performed creditably, especially as the figures were only just below those of 2007 when 363 yearlings were sold for an aggregate of NZ$56,834,000 and average of NZ$156,567.
"There's no doubt the market was strong in places but buyers are selective, as they can afford to be given the current climate," said Petrea Vela, managing director of New Zealand Bloodstock.
"Clearly the market is experiencing a downturn but in light of the fact that our 2007 figures were records at the time, to be in that range is still a good result for the industry. In particular, the activity of our local buyers has been very heartening and demonstrates their confidence in our industry even inthese uncertain times."
Monday's ceiling of NZ$800,000 (£300,027/€320,713) remained untouched on Tuesday with a daughter of July Cup winner Stravinsky topping proceedings at NZ$775,000 (£290,651/€310,945). Local agent Dean Hawthorne signed the ticket.
"I've purchased this filly for a Victorian client who is looking to build up a nice broodmare band. We rated her as one of the top fillies in the sale on type and with such a strong family so close up in her pedigree she's a filly anyone would love to have in their paddock," said Hawthorne.
Offered by Sir Patrick Hogan's Cambridge Stud, who ended the sale as leading vendor, the filly is thesecond foal of a placed sister to the Group 1 winner Don Eduardo and half-sister to Group 1 winner Tristalove, dam of Group 1 winner and former shuttler Viking Ruler. It is also the immediate family of leading Australian sire Octagonal.
Cambridge Stud was also responsible for a son of Encosta De Lago, who was knocked down to leading buyer David Ellis for NZ$750,000 (£281,409/€300,914). The colt is the first foal out of the Listed winner Wyndham Special, a daughter of Centaine.
European buyers were again in evidence with the BBA Ireland paying NZ$280,000 for a daughter of Stravinsky and Dick O'Gorman paying NZ$250,000 for a colt by Zabeel.
>>The supplementary entry for today's session at Doncaster called Elusive Dreams and not as previously published.