Showcasing: son of Oasis Dream is off to a great start at studPICTURE: Mark Cranham
Showcasing fee up by a third in New Zealand
SHOWCASING, who has made an excellent start to his stud career both sides of the equator, has had his stud fee in New Zealand raised by a third for the upcoming southern-hemisphere season.
The eight-year-old son of Oasis Dream will command a fee of NZ$10,000 (£5,043/€6,967) at Haunui Farm in Karaka, up from NZ$7,500 in 2014.
Showcasing's first New Zealand-conceived two-year-olds have been running in the current southern-hemisphere season, and they include Karaka Million winner Hardline, Group 2 scorer Showboy, stakes performer Platinum Express and unbeaten colt Boodles.
In Europe last year Showcasing - who stands at Whitsbury Manor Stud in Hampshire during the northern-hemisphere season - supplied plenty of winners including Group scorers Cappella Sansevero and Toocoolforschool.
Showcasing's fee at Whitsbury Manor was increased to £15,000 from £4,500 on the back of that success.
Fees for the two other stallions who stand at Haunui Farm have been left unchanged for 2015: Darley shuttler Iffraaj will stand at NZ$15,000 and Australian Guineas scorer Ferlax at NZ$7,000.
Haunui Farm managing director Mark Chitty said: "We couldn't have asked for a better start to Showcasing's career and Iffraaj's progeny just keep getting better, with him not only the leading three-year-old sire but sitting third on the general sires table behind Savabeel and Darci Brahma and ahead of O'Reilly, Pins and Tavistock.
"Both stallions have seen service fee increases in the northern hemisphere and they are certainly in far superior positions in terms of racetrack and sale ring performance than they were at this time last year.
"That being said, we are mindful of the current climate in the New Zealand breeding industry and it is with that in mind, that we have set our fees for 2015 at what I am sure breeders will agree, are very reasonable and competitive levels."