Karaka Select bounces back from 2009 declines
KARAKA'S three-day Select Sale came to its conclusion today, with figures bouncing back from declines last year toa level similar to 2007, but still below that of 2008.
The average of NZ$52,346 (£23,474/€26,526) was up 40 per cent on last year, though 12 per cent shy of that in 2008.
The clearance rate was 78 per cent, compared with 73 per cent last year, and just one per cent below that of 2008. The aggregate was NZ$22,927,500 (£10,281,390/€11,617,971), 35 per cent higher than last year's NZ$17,039,000, but still short of the NZ$28,839,500 traded in 2008.
With all measures up from last year but short of 2008 results, the top price, aggregate and average were this year above that of 2007, with the clearance rate and median slightly below.
The top lot of the sale was an Elusive City colt out of Bella Mimosa, by Generous, consigned by Haunui Farm near Auckland.
Bella Mimosa was unraced and is a half-sister to the Listed winner Pottinger, though she is as yet unproven as a producer.
Melbourne trainer Danny O'Brien paid NZ$250,000 (£112,108/€126,682) for the yearling on the sale's final day, and that was one of seven yearlings to break the NZ$200,000 barrier.
The biggest spender at the Select Sale was the New Zealand buyer David Ellis, who bought a total of 14 yearlings for NZ$792,500 (£355,381/€401,581).
Petrea Vela, co-managing director of New Zealand Breeding, said: "When we were selecting for the sale this year we saw a host of yearlings that in years past might have been in Premier now featuring in the Select session so we knew the strength was there. But it has been great to see the buyers still hard at battle for the lots they want.
"More and more buyers are staying on for this session and the results are reflecting this growing competition. We hope that some of the momentum from this incredible week can flow into our Festival session on Sunday and Monday."