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NZB Thrilled By Online Growth

Online auctioneers gavelhouse.com’ held a record breaking sale on Monday when the NZ Bloodstock subsidiary hit major milestones.

NEW ZEALAND BLOODSTOCK

NZB Thrilled By Online Growth

Online auctioneers gavelhouse.com’ held a record breaking sale on Monday when the NZ Bloodstock subsidiary hit major milestones.

A total of 40 lots were sold for an aggregate of $587,800, pushing the total turnover for gavelhouse.com sales to over $3 million since it was launched 14 months ago.

The top lot Ampin, a broodmare by Pins, was purchased by renowned bloodstock agent John Foote in his first foray into buying online.


Ampin is in foal to New Zealand’s award-sweeping G1 sire Savabeel and sold for a record $211,000.

The increased popularity of online trading has had a positive influence on clearance rates. This sale achieved a 93% clearance.

Mixed bloodstock listings on the auction site continue to grow as vendors embrace the cost-effective selling option while the convenience and regularity of the trading opportunities drive purchasing behaviour.

This trend has seen a significant reduction in the number of entries received for NZB’s Winter Mixed Bloodstock Sale.

Many vendors are now choosing to sell their mixed bloodstock online and as a result the sale scheduled for July 28 at Karaka has been cancelled.

“Gavelhouse.com has well and truly exceeded our expectations. In a little over a year the company has sold 531 horses for just under $3.1 million dollars,” said NZB managing director Andrew Seabrook.

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