Karaka Select maintains momentum on day two
TODAY'S second day of selling at New Zealand Bloodstock's Karaka Select yearling sale maintained the flying start itmade yesterday, registering across the board increases on last year's renewal.
The average price for the day leapt by 39 per cent from the final average at last year's Karaka Select sale, to NZ$52,061 (£22,900, €26,200), while the median rose by a third to NZ$30,000 (£13,200, €15,100).
The clearance rate is also up, standing at 79 per cent today, up from 73 per cent overall last year.
Those figures are on a par with the 2008 Select Sale average of NZ$59,709 and clearance rate of 79 per cent, before the auction registered major declines last year.
The second session top lot was a NZ$200,000 (£87,900, €100,500) son of Elusive Quality out of a sister to dual Australian Group 1 winner Flitter, purchased by New Zealand agent Phil Cataldo on behalf of a Melbourne-based owner.