Yearling Sales

[Nowornever]

Looked like quite a few getting passed in today. A few lots were sold over 200K.

On the other end of the scale a couple of bargain buys at around 2-3K were purchased. Will be interesting to see the numbers when they come out.

[Brodie]

HRNZ And NZ Bloodstock will say what a food sale it was and that is what they need to say even if they are stretching the truth a bit.

Many passed in and so many bred and sold will have returned a loss and that will make many current vendors reassess things going forward!

The average is always skewed due to the highest ones sold whereas the median is more accurate but with so many taking their yearlings back unsold, does this actually tell the true story?

We are at a crossroads with breeding and racing and whether current breeders continue to have the appetite to breed in the future knowing that there are going to be much fewer buyers in the future due to the $ from Entain stopping!
Indeed interesting times and good luck to those breeders who continue to provide horses to race.

Costs to breed to a top stallion and present a horse at the sales you wouldnt get any change out of $50k 

[Brodie]

14 minutes ago, Brodie said:

HRNZ And NZ Bloodstock will say what a food sale it was and that is what they need to say even if they are stretching the truth a bit.

Many passed in and so many bred and sold will have returned a loss and that will make many current vendors reassess things going forward!

The average is always skewed due to the highest ones sold whereas the median is more accurate but with so many taking their yearlings back unsold, does this actually tell the true story?

We are at a crossroads with breeding and racing and whether current breeders continue to have the appetite to breed in the future knowing that there are going to be much fewer buyers in the future due to the $ from Entain stopping!
Indeed interesting times and good luck to those breeders who continue to provide horses to race.

Costs to breed to a top stallion and present a horse at the sales you wouldnt get any change out of $50k 

Good not food sale 😂

[mikeynz]

What you are seeing in harness racing is a small number of rich buyers buying all the top stuff for a few serious large numbers trainers hogging up everything leaving the scraps for the rest, eventually it becomes mostly uninteresting and uncompetitive, financially as it stands the ones at the top are most likely doing extremely well as a business module....if the stakes fall as could be the case will their bisuness module stand up ?..

[Brodie]

You are correct Mikey, the well heeled owners are buying the best bred ones and dont worry about buying the others!

Reality is that in 2 years time there is absolutely no doubt whatsoever the stake money is going to be decreased substantially for all harness races!

How much that is is but a guess but it is going to be substantially reduced without a doubt, unless someone from Entain or HRNZ can advise us that I am wrong, and mire than happy to be proven wrong?

They wont as they know that I am correct and they are actually doing a disservice to harness racing by operating the way they currently are!

These horses being bred now and being sold as yearlings now are going to be racing for much less money in a couple of years time and reduced owners and trainers.

However, many of these owners can afford to race for less but the average owner probably can not.

The frustrating part for myself is that it was not hard to utilise the cash splash from Entain so much better than it has been.

Does anyone at all believe that the way the money from Entain that has been donated to HRNZ has been spent wisely??

 

 

 

[Withadream2]

20 hours ago, Brodie said:

what a food sale it was

Sounds like the Ham sandwichs tomorrow will be discounted 😁