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Encouraging market at National Weanling Sale

A beautiful day and a large buying crowd contributed to an encouraging National Weanling Sale at Karaka yesterday.

It was the first time New Zealand Bloodstock had presented weanlings at a stand-alone sale, following the company's well-received decision to transfer the broodmare and mixed bloodstock section of the traditional May sale to August. This was done to take advantage of the new broodmare depreciation rates which take effect from 1 August.

Yesterday, the impact of the other part of the new legislation, reduced taxation on betting, was evident in a sale average of $11,406, and a median of $6,000, up 37% and 107% respectively on last year. In all, 202 weanlings found new homes for a total of $2.3 million.

Lot 142, a colt by Van Nistelrooy from Durham Walk parades at Karaka. He sold for $17,000 to John Comber, Taihape, co-breeder of this season's G1 winner Baldessarini.
Part of the large crowd enjoying the warm autumn weather at New Zealand Bloodstock's first National Weanling Sale at Karaka, Auckland

Top price was $150,000 paid for Lot 218, the Galileo-Liberty Song colt, offered by Gordon & Robyn Cunningham's Curraghmore Stud and purchased by Mark and Shelley Treweek of Lyndhurst Farm for re-sale as a yearling. The colt is descended from English Oaks G1 winner and fine broodmare Lupe.
Curraghmore Stud sold six of the top 12 lots, and was leading vendor by average and aggregate, selling 19 lots for $612,200, an average of more than $32,000.

Second top price of $110,000 was paid for Lot 260, the half-brother by Pins to Group 2 winner Kerry O'Reilly. He was sold by Walnut Hill Farms, Matamata to Bruce & Maureen Harvey's Ascot Farm, Cambridge.

Top-priced filly at the sale was another Curraghmore entry, Lot 76, by Stravinsky from Amanpuri, a half-sister to G2 Danger. She went to Wellfield Lodge, Palmerston North for $80,000.

It was also pleasing to see several New Zealand-based first crop sires represented among the day's top prices. Thorn Park had two colts sell for $41,000; a Captain Rio colt made $40,000; while colts by Chianti, Danroad and Spartacus sold for $28,000, $27,000 and $21,000 respectively.
One experienced vendor commented that fillies he struggled to sell for $1,000 last year, made $5,000 this year.

If the mere anticipation of better prizemoney and yearling sale returns is enough to improve the business done at this sale, breeders have some reason to feel confident about what will happen when those expected rewards become reality.


- Susan Archer


 

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