Strong trade exceeds expectations at Karaka
EXPECTATIONS were exceeded during the opening session of the Premier Yearling Sale at Karaka in New Zealand on Mondaythanks to a trade that surpassed last year's levels across-the-board.
Most notably, the session produced the year's first Australasian seven-figure yearling in a son of Fastnet Rock who was knocked down to Singapore buyer Jayven See for NZ$1 million (£444,069/€508,427).
The colt, who was offered by Tom & Shelley Murtagh's Esker Lodge, is outof New Zealand Derby heroine Popsy and a three-parts brother to Listed winner Lilakyn as well as the 2008 NZ$1.45 million Karaka sale-topper, a colt by Redoute's Choice.
"He has been bought to race here in New Zealand and possibly Australia into the future, but will definitely be entered for the Karaka Million as a two-year-old next year," said Tom Murtagh on behalf of See.
"Jayven had his first major success with a horse he bought from Esker Lodge (Revolte) so he was happy to go on my recommendation and try again. He likes Fastnet Rock and loved this colt as a type and we're thrilled that he's had the confidence in Esker to step out in such a big way."
All told, the day's turnover increased by almost $7 million from last year to NZ$32,600,000 (£14,473,234/€16,571,848). The average of NZ$184,181 (£81,762/€92,263) is up 24 per cent while the median has increased 40 per cent to $140,000 (£62,145/€71,165). The clearance rate is 76 per cent.
Leading Australian trainer Gai Waterhouse struck for the dearest filly of the day, a Pins half-sister to Group 2 winner Hips Don't Lie who cost NZ$650,000 (£288,531/€330,419).
Among the European buyers in action was the BBA Ireland, who paid NZ$310,000 for a colt from the first crop of Darci Brahma.