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New Zealand Bloodstock happy with large rise in clearance rate on second day of Book 1
After the first day of selling on Sunday at Karaka 2021 - Book 1, New Zealand Bloodstock managing director Andrew Seabrook said he would be happy if the clearance rate could rise to the mid 70s, this was surpassed after Monday’s session with the figure now sitting at a very respectable 80 per cent.
“Climbing from a 73 per cent clearance rate to 80 per cent is no mean feat in one day's selling,” said bloodstock sales manager Danny Rolston.
“This strong result is a testament to our vendors who were willing to meet the market, as well as buyers involvement both locally and internationally, who are keen to invest in the New Zealand thoroughbred.”
After two days of selling, the aggregate sits at NZ$34,711,000 for 278 horses sold with one day left of Book 1. The average of NZ$124,860 is down ten per cent from the 2020 sale average of NZ$138,698 whilst the median fell seven per cent from NZ$107,500 a year ago to NZ$100,000. The clearance rate of 80 per cent is comparable to the 2020 figure of 79 per cent.
The median price for colts was up NZ$2,500 to NZ$102,500 from a year ago whilst the average price of colts decreased 5.5 per cent to NZ$130,402. The average price of fillies however showed a greater decline, down 13 per cent from NZ$133,730 a year ago to NZ$116,235.
Savabeel is the leading sire by average (3 or more lots sold) with 19 yearlings having sold for NZ$3,725,000 at an average of NZ$196,053. Coolmore Australia’s Pierro (Lonrho) is not far behind with four lots having sold for NZ$770,000 at an average of NZ$192,500.
Trelawney Stud finished Day 2 as the leading vendor by average, selling eight lots at an average of NZ$246,875. Hallmark Stud and Woburn Farm followed a similar trend, selling eleven and twelve lots for an overall average of $175,455 and $175,417 respectively.
The third and final day of Book 1 will be conducted on Tuesday.