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NZ Yearlings Festival Sale Median Up 18%
Overall the 1-day Festival Sale posted a record median, plus increased average & clearance rate over last year. With the catalogue reduced this year to just 310 lots (435 last year) 222 yearlings sold at a clearance of 81% (79% last year). The average rose 11% to NZ$12,593 (from NZ$11,313) & the record median of NZ$10,000 was up 18% (from NZ$8,500 in 2006). The NZ$2,795,700 turnover was down from NZ$3,122,250 with 120 fewer lots catalogued this year.