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NZB Festival Sale Day-1: Average Up 17%

Monday, 3rd February 2014

The final day of New Zealand Bloodstock's 88th National Yearling Sales Series at Karaka concluded yesterday, with the one-day Festival Sale posting gains across all key indicators. The average price of NZ$14,210 for the session represents an increase of 17 per cent from NZ$12,117 last year, while the median jumped 25 per cent NZ$10,000. The 81 per cent clearance rate was the highest recorded in 5 years. With a smaller catalogue of 290 Lots, 150 less than in 2013, 207 were sold for NZ$2,941,500, compared with NZ$3,429,200 for the 283 sold over two-days last year. A total of 1372 yearlings were catalogued over six days of selling at Karaka this year, with 959 lots selling for NZ$69,652,000 compared with NZ$72,387,700 for 64 more lots in 2013. The top seller on the final day was Lot 1272, a colt by Bachelor Duke which was knocked down to Danny Walker of Brookby Stables for NZ$77,500. "He's just a lovely horse, a big, athletic nice type of horse. He sold himself really," said Walker. For NZB co-managing director Petrea Vela, one of the highlights of this year's Karaka sale series was the renewed confidence of the domestic market. "We're extremely pleased to post results in line with last year, with notable gains made across the Select and Festival Sales. The New Zealand presence throughout the week has been significant to the Sale and is a very encouraging sign of renewed confidence."

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