A colt by Excellent Art topped the final day of the Karaka SelectPICTURE: Edward Whitaker
Excellent sale concludes three-day Select session
A SON OF Coolmore sire Excellent Art topped the third and final day of the Karaka Select Sale when sold to Tom Magnier and Adrian Nicholl of BBA Ireland for Nz$250,000 (£119,765/ €141,848). The colt is a half-brother to recent New Zealand Group 1 winner Fears Nothing.
Matching last year's top price, he helped put Excellent Art at the top of the sires table for the Select session with three of his four entries sold for an average of $155,000.
Heading the table by aggregate was another first season sire in Iffraaj, with 34 of 42 entries sold for $2,620,500 at an average of $77,074, including the top price on each of the first two days.
The Select sale closed with aggregate of Nz$ $19,107,000, and an average of $45,711 at a clearance rate of 73%.
Co-managing director Petrea Vela said: "Given the strength of the 2010 Select Sale (when turnover increased by 35 per cent and the average by 44 per cent), to be within striking distance of those figures is a good result. One of the most pleasing aspects has been the median holding up well against last year reflecting the solid demand that was still very evident on quality horses.
"The clearance rate has strengthened over the three days but is still a bit disappointing ,which unfortunately seems to reflect the confidence lacking from our domestic market. Still our local buyers have been far more active here than we saw at the Premier Sale, and with two days of selling still to go hopefully they will be back in action at the (two-day Festival Sale."