'Extremely good value' at closing NZ Festival sale
THE two-day Festival Yearling Sales completed a week of auctions held by New Zealand Bloodstock in Karaka, with the top price being claimed by an Nz$60,000 (28,634/€34,039son of the Zabeel horse Don Eduardo.
Bought by New Zealand Bloodstock, acting as agent, the colt matched the first day's day top price for a colt by Gallant Guru, a son of Montjeu.
The two-day auction produced a greater level of activity from local purchasers, headed by Wexford Stables, who bought nine yearlings for $218,000 at an average of $24,278.
Wexford Stables' Lance O'Sullivan said the the strength of the Premier and Select sessions impacted on his plans.
"We didn't deliberately target the Festival Sale as we made five purchases inthe Select Sale as well, but due to the strength of the Premier and Select sales, with the Australian buyers staying on, the Festival became the most viable option," he said.
"My highlight was the number of very good horses that we were able to purchase for extremely good value. Horses that were selling at the Festival Sale last year for $50,000 - $60,000 were selling this year for $15,000 - $20,000."