Coolmore Australia Stars at Karaka Sale

Coolmore Australia Stars at Karaka Sale

The 2019 NZB National Yearling Sale Series Book One produced some good results for our young gun sires with Pride of Dubai leading the first season sire averages marginally ahead of Vancouver.

A dual Group I winning two year-old by Street Cry, Pride of Dubai had four yearlings average $160,000. His top seller was a filly from Mystique that made $220,000 for Inglewood Stud when secured by Ciaron Maher Racing / Eales Racing.

Not far behind was a colt from Emira that made $180,000 for Koru Thoroughbreds when bought by Paul Moroney Bloodstock / Ballymore Stables.

Golden Slipper hero Vancouver was also popular with nine yearlings averaging $142,222 and his top seller was a cracking filly from Ravenna that made $260,000 for Blandford Lodge when bought by Tom Magnier.

The next major Australian yearling sale is the Inglis Classic in Sydney next month with Pride of Dubai represented by 17 yearlings and Vancouver with 11.

With 698 horses now under the hammer at the National Yearling Sales Series, the turnover has reached $67,206,500, representing an average of $137,437 for 489 horses sold. The median closed at $100,000 and the clearance rate 77%.

“I believe the market has held up well considering the lack of pin hooking activity – which traditionally underpins the middle market, the drop off from Singapore buyers due to falling prizemoney, and the continued lack of confidence in the local market,” commented New Zealand Bloodstock’s Managing Director Andrew Seabrook.

“There were 49 Australian trainers here with more arriving today, so again they’ve proven that they are our most important market. It’s also been great to see massive international names like Alastair Donald, Shadwell and Godolphin on the buying sheets.

“I’d also like to congratulate Waikato Stud and Cambridge Stud who supported NZB with 100% of their yearlings this year and were handsomely rewarded as a result.”

One of those handsome results being Waikato Stud’s seven-figure Savabeel yearling at Lot 192 who David Ellis of Te Akau Racing secured as a foundation member of his 2019 Colts Breeding syndicate.

Ellis has outlaid $7,825,000 to secure a total of 41 lots, including yearlings not only by proven sires but first season sires in Mongolian Khan (18 lots sold at an average of $107,778) and Contributer (11 lots at an average of $86,591). An ecstatic Ellis landed the leading buyer title for the 14th year in a row.

“We visited every farm in New Zealand and my wife Karyn and I came to the Sale really charged because they were the most athletic bunch of yearlings we have seen for a long time,’ he said.

“We put in a lot of research, did a lot of homework and in the end bought off I think 15 different drafts – now we’re looking forward to selling shares in them.

“I take my hat off to NZB, it is incredible the job they do year in and year out.”

Waikato Stud have topped the leading vendor table by both aggregate (for the sixth straight year) and average (three or more sold) with 71 yearlings from their draft selling for $16,115,000 in receipts and an average price of $226,972, while their resident sire Savabeel provided six of the top 10-priced lots at Book 1 of Karaka 2019, bolstering his figures with a total of 47 lots sold at an average of $297,021 and aggregate of $13,960,000.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.