Brodie Posted February 18, 2019 Share Posted February 18, 2019 Been watching the Standardbred Sales and it does appear that they are struggling quite a bit! Not a lot of people in the seating and same ones buying by the look of it! Yes he is there with his merry men! Bettors Delight who stands at 25k plus gst so effectively 30k have some struggling to make the service fee and they are from pretty good families. The odd one is going for reasonable money but there would not be a helluva lot of profit in it breeding them by the time you pay the service fee, rearing costs for 18months or so and sales fees etc. Hopefully this doesn’t bode well for the Christchurch sale over the next couple of days. The average may well hold up but you need to factor in the high service fees being paid by the vendors for the ones that dominate the numbers at the sales. There are going to be many vendors who are going to have to reconsider the value of breeding in the future! 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted February 18, 2019 Author Share Posted February 18, 2019 I meant that hopefully our sales in ChCh is better! But going by Karaka doesn’t bode well unfortunately! Very strong catalogue though so hopefully! Quote Link to comment Share on other sites More sharing options...
LongOwner Posted February 18, 2019 Share Posted February 18, 2019 Too much of the same (Bettors etc ) so the good get good prices and the middle get hard time as too many to choose from . Christchurch worse as same v’s same - a market needs spread to get interest . Everyone cannot get $75k plus and vendors don’t expect it but a lopsided book in any market buggers the whole sale/market . Quote Link to comment Share on other sites More sharing options...
Rangatira Posted February 18, 2019 Share Posted February 18, 2019 looks roughly like 48k average with 68% clearance Quote Link to comment Share on other sites More sharing options...
Rangatira Posted February 18, 2019 Share Posted February 18, 2019 10 minutes ago, Rangatira said: looks roughly like 48k average with 68% clearance a few passed in now sold looks roughly like 47k average with 72% clearance Quote Link to comment Share on other sites More sharing options...
Brodie Posted February 18, 2019 Author Share Posted February 18, 2019 (edited) XBearing in mind that Bettors Delight stands at about 30k with gst there is nothing in it breeding to sell nowadays, Racing wise unless you are in the top stables then you are on a loser racing wise but some still do it for the fun! Not many there and next to no one close to the end if the day! Im sure that NZ Bloodstock will paint a rosey picture but really with the amount of money meant to be in Auckland and the stake money on offer up there, you wouldn’t say it was that buoyant ! Without Breckon Farm and Woodlands stud providing over 40% of the catalogue, the sale would possibly not take place, so hopefully they are happy with the result. Hope ChCh sale does well! Edited February 18, 2019 by Brodie 1 Quote Link to comment Share on other sites More sharing options...
JJ Flash Posted February 18, 2019 Share Posted February 18, 2019 5 hours ago, Brodie said: Been watching the Standardbred Sales and it does appear that they are struggling quite a bit! Not a lot of people in the seating and same ones buying by the look of it! Yes he is there with his merry men! Bettors Delight who stands at 25k plus gst so effectively 30k have some struggling to make the service fee and they are from pretty good families. The odd one is going for reasonable money but there would not be a helluva lot of profit in it breeding them by the time you pay the service fee, rearing costs for 18months or so and sales fees etc. Hopefully this doesn’t bode well for the Christchurch sale over the next couple of days. The average may well hold up but you need to factor in the high service fees being paid by the vendors for the ones that dominate the numbers at the sales. There are going to be many vendors who are going to have to reconsider the value of breeding in the future! Your off course again Brodie with your negative posts. At the close of trading, 100 Lots were sold for an aggregate of $4,675,000 with 30 less horses catalogued than in 2018. The clearance rate was a healthy 73% with the average and median both reaching an all-time high of $46,750 (up 38% on 2018) and $34,000 (up 46% on 2018) respectively. “I’m very pleased for our first foray into the Standardbred Sales,” commented NZB Managing Director Andrew Seabrook. “At the end of the first day of selling, feedback from buyers has been positive and it shows in the results. “The atmosphere has been very encouraging and the clearance will climb over the coming days.” 1 Quote Link to comment Share on other sites More sharing options...
hunterthepunter Posted February 18, 2019 Share Posted February 18, 2019 sale was just like any other year the eyes picked out of top end of the sale and no money for horses below the top lots 1 Quote Link to comment Share on other sites More sharing options...
boobybec Posted February 18, 2019 Share Posted February 18, 2019 39 minutes ago, JJ Flash said: Your off course again Brodie with your negative posts. At the close of trading, 100 Lots were sold for an aggregate of $4,675,000 with 30 less horses catalogued than in 2018. The clearance rate was a healthy 73% with the average and median both reaching an all-time high of $46,750 (up 38% on 2018) and $34,000 (up 46% on 2018) respectively. “I’m very pleased for our first foray into the Standardbred Sales,” commented NZB Managing Director Andrew Seabrook. “At the end of the first day of selling, feedback from buyers has been positive and it shows in the results. “The atmosphere has been very encouraging and the clearance will climb over the coming days.” Yeah i attend to agree JJ. Not very often you are wrong Brodster, but that's a pretty positive sale. I watched a couple sell and didn't notice Peter Lagan doing his usual spiel prior to a horse selling. A great result hopefully he doesn't do this in CHCH either. 1 Quote Link to comment Share on other sites More sharing options...
hunterthepunter Posted February 18, 2019 Share Posted February 18, 2019 so are you going too sale Bec??? chch will go good Quote Link to comment Share on other sites More sharing options...
boobybec Posted February 18, 2019 Share Posted February 18, 2019 Very strong catalogue, but no I want be at sales. Have got a very small share in one, Im not allowed anymore ☹️ 1 Quote Link to comment Share on other sites More sharing options...
hunterthepunter Posted February 18, 2019 Share Posted February 18, 2019 I going to have a look have had good run buying at chch sale Quote Link to comment Share on other sites More sharing options...
Brodie Posted February 18, 2019 Author Share Posted February 18, 2019 (edited) 1 hour ago, JJ Flash said: Your off course again Brodie with your negative posts. At the close of trading, 100 Lots were sold for an aggregate of $4,675,000 with 30 less horses catalogued than in 2018. The clearance rate was a healthy 73% with the average and median both reaching an all-time high of $46,750 (up 38% on 2018) and $34,000 (up 46% on 2018) respectively. “I’m very pleased for our first foray into the Standardbred Sales,” commented NZB Managing Director Andrew Seabrook. “At the end of the first day of selling, feedback from buyers has been positive and it shows in the results. “The atmosphere has been very encouraging and the clearance will climb over the coming days.” As I said previously of course they are going to say that they were pleased with the sale, as it is their first one and they want positivity. There were quite a few passed in and only 100 sold! BEar in mind that a lot of them were Bettors Delight that stands at 30k approx. many were struggling to get much more than service fee and many vendors would have lost money on the exercise. Yes there were some 100k plus sales for the top lots which obviously raises the average price when there are only 100 sold! There were not very many active buyers there either, just the regular ones which will syndicate the horses. Doubt there were very many individuals buying to race going by the results! You can put any spin on the sales results and if the vendors are happy then good on them. If you go thru the results carefully you will notice that there are some reasonably big sales but the mid range sales are pretty mediocre bearing in mind that the no. sold at Karaka is down on previous years. From these results I am sure that many vendors will not bother breeding this coming year if they have little chance of making money especially when you need to shell out 30k for a service fee. Personally far easier ways to make money than breeding standardbred horses! Take away the Woodlands Stud and Breckon Farms horses and there were probably only 50 or so horses sold without working it out accurately, Edited February 18, 2019 by Brodie 2 1 Quote Link to comment Share on other sites More sharing options...
boobybec Posted February 18, 2019 Share Posted February 18, 2019 (edited) Yeah I hear you brodster but how many have the disposable income to be buying yearlings in nz. As you quite rightly say unless you have the means or are fortunate to be in with Mark and Nat you are almost wasting your time and money. For me it illustrates the dominance of Bettor's Delight, I believe there should be more incentive in having NZ bred only races. More reason to buy an Auckland Reactor or Changeover. In today's commercial market if the new NZ bred stallions don't have something above average running at 2 in their first crop they are in trouble. Edited February 18, 2019 by boobybec 2 1 Quote Link to comment Share on other sites More sharing options...
boobybec Posted February 18, 2019 Share Posted February 18, 2019 14 minutes ago, hunterthepunter said: I going to have a look have had good run buying at chch sale if you don't mind me asking what have you bought hunter? Quote Link to comment Share on other sites More sharing options...
Brodie Posted February 18, 2019 Author Share Posted February 18, 2019 The median was $34,000 for the 100 sold. There were 36 Bettors Delights and that service fee is$30k approx. That tends to paint a different picture doesn’t it? I would love people to be able to breed horses and be able to put them in the yearling sales and make a profit, as we certainly need people to be breeding horses to enable our harness industry to thrive. Must admit that thebreeders are certainly breeding from far better mares than what they used to. The poorly bred or non black print mares just aren’t at the sales like they used to be, so we would expect averages and medians to be increasing and bearing in mind that many weren’t sold. 3 Quote Link to comment Share on other sites More sharing options...
hunterthepunter Posted February 18, 2019 Share Posted February 18, 2019 17 minutes ago, Brodie said: The median was $34,000 for the 100 sold. There were 36 Bettors Delights and that service fee is$30k approx. That tends to paint a different picture doesn’t it? I would love people to be able to breed horses and be able to put them in the yearling sales and make a profit, as we certainly need people to be breeding horses to enable our harness industry to thrive. Must admit that thebreeders are certainly breeding from far better mares than what they used to. The poorly bred or non black print mares just aren’t at the sales like they used to be, so we would expect averages and medians to be increasing and bearing in mind that many weren’t sold. just talked to sum one that was at sale and was saying how weak the sale was Quote Link to comment Share on other sites More sharing options...
hunterthepunter Posted February 18, 2019 Share Posted February 18, 2019 49 minutes ago, boobybec said: if you don't mind me asking what have you bought hunter? told you one of them in a email other day lol Quote Link to comment Share on other sites More sharing options...
Rangatira Posted February 18, 2019 Share Posted February 18, 2019 1 hour ago, Brodie said: As I said previously of course they are going to say that they were pleased with the sale, as it is their first one and they want positivity. and you want to balance things out 1 Quote Link to comment Share on other sites More sharing options...
Rangatira Posted February 18, 2019 Share Posted February 18, 2019 1 hour ago, boobybec said: if you don't mind me asking what have you bought hunter? MWM and DML spring to mind 1 Quote Link to comment Share on other sites More sharing options...
hunterthepunter Posted February 18, 2019 Share Posted February 18, 2019 28 minutes ago, Rangatira said: MWM and DML spring to mind and smart GDS next super star c9 Quote Link to comment Share on other sites More sharing options...
Brodie Posted February 18, 2019 Author Share Posted February 18, 2019 (edited) 1 hour ago, Rangatira said: and you want to balance things out You are “The Riddler” Brodie tells it the way it is, Riddler, I mean Ranga! They are hardly going to come out and say it was a crap sale and Pynes would have done it far better are they? Look, I hope it was a very successful sale, we need that and other things to go our way! Looking at the sales, it doesn’t really appear that way, although you will always have a different opinion! 100 sales is not a large no. for Karaka, in fact very small no. Many years ago didn’t Karaka have 2 days and well over 250 sales? Yes the big spenders are taking home the pick of the yearlings and paid sizeable amounts for them as they always do! The Rest that were sold and not passed in, hardly sets the world on fire and many will breed again this year, despite not making a profit. There were some Bettors Delights that didn’t bring the service fee!!!!! Anyway, proof will be over the next couple of years sales won’t it Ranga? Hope the sale at Addington is a success! Edited February 18, 2019 by Brodie 3 Quote Link to comment Share on other sites More sharing options...
Rangatira Posted February 18, 2019 Share Posted February 18, 2019 14 hours ago, Brodie said: There were quite a few passed in and only 100 sold! they have sold less in the past of course with a 72% clearance Quote Link to comment Share on other sites More sharing options...
JJ Flash Posted February 18, 2019 Share Posted February 18, 2019 25 minutes ago, Rangatira said: they have sold less in the past of course with a 72% clearance I see the major Auckland vendors spoken to were happy as was the turnout from Australian buyers. I think NZBS have done a great job thus far. 46% increase in Median price bodes well. Always going to be the odd negative Nelly around Ranga Quote Link to comment Share on other sites More sharing options...
Rangatira Posted February 18, 2019 Share Posted February 18, 2019 3 minutes ago, JJ Flash said: Always going to be the odd negative Nelly around Ranga takes all sorts 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.