Average up 57 per cent at Karaka Select opener
BUSINESS at today's opening session of New Zealand Bloodstock's Select yearling sale at Karaka reflected the buoyancy of the Premier session, which concluded yesterday, by registering across-the-board increases.
Today's turnover increased by 60 per cent from last year's Select sale opener to NZ$8,237,000 (£3,680,000, €4,200,000), while the average rose by 57 per cent to NZ$55,655 (£24,900, €28,400) and the median went from NZ$30,000 to NZ$45,000 (£20,000, €24,000).
The clearance rate also showed improvement, going from 69 per cent to 77 per cent.
The top lot of the day was a son of Seeking The Gold stallion Ustinov who had a significant recent pedigree update, with his brother Vonusti winning the Group 1 Telegraph Handicap at Trentham on January 23.
The yearling colt, who was consigned by Nick and Anne-Marie King's Brighthill Farm, made NZ$210,000 (£94,000, €107,000), which was considerably more than the NZ$28,000 Vonusti made in the same sale in 2008.