New Format Pays Dividends at Karaka 2018

Today's highest-priced yearling (Lot 612).
Today's highest-priced yearling (Lot 612).

It has been an extremely successful conclusion to the new Book 1 of Karaka 2018, highlighted by total takings already exceeding the entire sales week at Karaka 2017 with three days of selling to go.

Book 1 turnover (700 lots catalogued) is $83,549,000, representing an average of $155,007 across 539 horses sold at a median of $110,000, with all key measures – turnover, median, average and clearance – surpassing the Premier, Select and Festival Sales combined results in 2017.

“This Sale has already exceeded all expectations,” said New Zealand Bloodstock’s Managing Director Andrew Seabrook.

“For the Book 1 turnover to exceed 2017’s total Sale aggregate is remarkable. One of our ambitions in designing the new format was to retain international buyers onsite for longer, so to see today’s activity so strong right to the end, with a clearance of 85% for Day Four, goes a long way towards validating the success of the new format.”

The appeal of young fillies couldn’t have been better illustrated with seven of the 10 top-priced yearlings at Book 1 being fillies. Even more remarkably, the average for fillies has settled at $167,857 - higher than the colts at $147,504.

An exceptionally strong buying bench has seen the spend by Australia, Hong Kong and Singapore all exceed their combined Premier and Select Sale spend last year. Amongst the leading international buyers was Dean Hawthorne buying for Melbourne-based GSA Bloodstock with nine horses secured for $3.875 million; Hong Kong Jockey Club with seven purchases for $2.060 million; and Lindsay Park Racing with Mark Pilkington accounting for three purchases together for $1.810 million and an additional three by Pilkington and others.

But not to be outdone, the Kiwis featured prominently, led by David Ellis who is on track to receiving his 13th consecutive leading buyer title. Having purchased the top-priced yearling of the Sale - a Savabeel colt (Lot 301) for $1,025,000 – along with three other top lots, he has spent $7.613 million on 27 yearlings, already exceeding his spend last year.

The other Kiwis that are featuring in the leading buyers list are Bruce Perry with 12 lots secured for $2.245 million, expat Kiwi trainers Trent Busuttin and Natalie Young with 14 lots for $2.295 million, Paul Moroney with 14 lots for $1.880 million and Go Racing with six lots for $1.455 million.

The Sale day opened with a farewell to Sir Patrick and Justine Lady Hogan after 44 years at the helm of Cambridge Stud (view here). Leaving on a high note, the Stud produced the top lot of Book 1 (Lot 301) and their sire Tavistock has had a strong sale with 62 sold at an average of $177,016. At the end of Day Four, Cambridge Stud are second on the leading vendor table with 51 yearlings sold for $9.763 million.

The new owners of Cambridge Stud, Brendan and Jo Lindsay, were already active ring side with five purchases for $1.365 million.

Leading the vendors table by aggregate for the fifth year in a row was the Chittick family’s Waikato Stud, with receipts totalling $12.845 million for 70 yearlings sold. Their star sire Savabeel has had a great sale, providing the sale-topping colt while two of his fillies also performed in the top 10 lots, while their freshman sire Sacred Falls has been received exceptionally well by the market, with a top price of $300,000 for Lot 572.

“The new format to me has just been a masterstroke and so successful,” said Waikato Stud’s Mark Chittick. “Everybody in the NZB team has been Group 1 quality.”

With a 100% clearance, Sam & Libby Bleakley’s Highden Park was the leading vendor by average, with six sold and a top price of $500,000 for Lot 48.

Australian sires Snitzel, Fastnet Rock, I Am Invincible and More Than Ready have all featured throughout the highlights at Book 1 alongside local sires Savabeel, Tavistock, and Per Incanto.

A second seven-figure lot was presented at Lot 156 with the Fastnet Rock colt making $1 million, while Tavistock provided the third highest lot, and today’s top lot, with a filly at Lot 612 selling for $975,000. Three other lots by Tavistock finished in the top 10 lots.

Snitzel lead the sires by average (with three or more sold) selling three yearlings at an average of $441,667, with Fastnet Rock averaging $394,167 for 12 yearlings sold and I Am Invincible closing the top three with an average of $343,333 for three yearlings.

The leading first season sire by average (three or more sold) was Newgate Farm’s Deep Field with eight horses sold for an average of $141,875, and a top price of $300,000 for Lot 363 bought by Tartan Meadow Bloodstock and Mr Peter KS So for Hong Kong.

Haunui Farm provided the top-priced lot of Day Three with the royally-bred Not a Single Doubt filly (Lot 371) fetching $900,000. Bolstering their results at the end of Book 1, Haunui Farm are currently the third leading vendor with 23 yearlings sold for $5.019 million.

Click here for today’s highlight Lots:

The first day of Book 2 commences tomorrow with Lot 701 to Lot 900 going under the hammer from 11am.

2018 Book 1 Yearling Sale Statistics – Total

  BOOK 1 TOTAL
AGGREGATE $83,549,000
AVERAGE $155,007
MEDIAN $110,000
CLEARANCE 82.5%
CATALOGUED 700
SOLD 539
TOP LOT $1,025,000 (B. C) Savabeel - Katie Lee, Lot 301

Top Lots

LOT TYPE BREEDING VENDOR PURCHASER PRICE
301 B.C Savabeel / Katie Lee Cambridge Stud Mr DC Ellis (Te Akau) $1,025,000
156 BR.C Fastnet Rock / Diademe Curraghmore Mark Pilkington Management / Lindsay Park Racing (Victoria) $1,000,000
612 B.F Tavistock / Special Diamond Cambridge Stud China Horse Club (China) $975,000
290 B.F Savabeel / Joy's Choice Cambridge Stud Mr DC Ellis (Te Akau) $900,000
371 B.F Not a Single Doubt / Meleka Belle Haunui Farm Mr DC Ellis (Te Akau) $900,000
487 BB.F Savabeel / Posy Waikato Stud Dean Hawthorne Bloodstock (Victoria) $875,000
159 B.F Tavistock / Diamond Like Cambridge Stud Moody Racing (Victoria) $750,000
455 B.C Exceed and Excel / Our Ella Belle Pencarrow Stud Mr DC Ellis (Te Akau) $750,000
172 B.F Fastnet Rock / Dragon's Tail Hallmark Stud BBA Ireland (Ireland) $725,000
503 BB.F Tavistock / Pussy O'Reilly Cambridge Stud Dean Hawthorne Bloodstock (Victoria) $700,000
667 B.C Tavistock / Tricia'o Cambridge Stud Dean Hawthorne Bloodstock (Victoria) $700,000

Leading Purchaser by Aggregate

Purchaser Bought Aggregate Average Top Price Top Lot
Mr DC Ellis (Te Akau) 27 $7,612,500 $281,944 $1,025,000 301
Dean Hawthorne Bloodstock (Victoria) 9 $3,875,000 $430,556 $875,000 487
Busuttin Racing (Victoria) 14 $2,295,000 $163,929 $320,000 255
Bruce Perry Bloodstock (Wellington) 12 $2,245,000 $187,083 $420,000 10
Hong Kong Jockey Club (Hong Kong) 7 $2,060,000 $294,286 $500,000 190
Paul Moroney Bloodstock (Victoria) 14 $1,880,000 $134,286 $280,000 473
Mark Pilkington Management / Lindsay Park Racing (Victoria) 3 $1,810,000 $603,333 $1,000,000 156
Go Racing (Auckland) 14 $1,660,000 $118,571 $280,000 265
Kaha Syndicate / Mulcaster Bloodstock (New South Wales) 5 $1,595,000 $319,000 $425,000 108
Yulong Investment (Victoria) 6 $1,455,000 $242,500 $625,000 595

Leading Vendor by Aggregate

Vendor Sold Aggregate Average Top Price Top Lot
Waikato Stud 70 $12,845,000 $183,500 $875,000 487
Cambridge Stud 51 $9,762,500 $191,422 $1,025,000 301
Haunui Farm 23 $5,019,000 $218,217 $900,000 371
Westbury Stud 38 $4,670,000 $122,895 $370,000 472
Windsor Park 35 $4,325,000 $123,571 $410,000 355
Curraghmore 20 $4,205,000 $210,250 $1,000,000 156
Trelawney Stud 20 $2,960,000 $148,000 $420,000 608
Pencarrow Stud 15 $2,795,000 $186,333 $750,000 455
Hallmark Stud 15 $2,380,000 $158,667 $725,000 172
The Oaks Stud 13 $2,320,000 $178,462 $550,000 479

Leading Vendor by Average (three or more sold)

Vendor Sold Average Aggregate Top Price Top Lot
Highden Park 6 $238,333 $1,430,000 $500,000 48
Jamieson Park 9 $220,000 $1,980,000 $520,000 695
Haunui Farm 23 $218,217 $5,019,000 $900,000 371
Curraghmore 20 $210,250 $4,205,000 $1,000,000 156
Henley Park 6 $202,500 $1,215,000 $400,000 26
Inglewood Stud 4 $192,500 $770,000 $280,000 473
Cambridge Stud 51 $191,422 $9,762,500 $1,025,000 301
Monovale Farm 6 $190,000 $1,140,000 $260,000 628
Pencarrow Stud 15 $186,333 $2,795,000 $750,000 455
Waikato Stud 70 $183,500 $12,845,000 $875,000 487

Leading Sire by Average (three or more sold)

Sire Sold Average Aggregate Top Price Top Lot
Snitzel 3 $441,667 $1,325,000 $625,000 215
Fastnet Rock 12 $394,167 $4,730,000 $1,000,000 156
I Am Invincible 3 $343,333 $1,030,000 $410,000 355
More Than Ready 4 $287,500 $1,150,000 $500,000 84
Savabeel 61 $261,066 $15,925,000 $1,025,000 301
Tavistock 62 $177,016 $10,975,000 $975,000 612
Per Incanto 12 $159,583 $1,915,000 $370,000 212
Holy Roman Emperor 3 $146,667 $440,000 $160,000 458
Deep Field* 8 $141,875 $1,135,000 $300,000 363
Pierro 3 $141,667 $425,000 $200,000 216

*First season sire

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