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Bit Of A Yarn

Standardbred Sales - Seem to be struggling?


Brodie

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2 hours ago, JJ Flash said:

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

Flash, I am pleased that you think the sales went great, doesn’t affect me one iota!

Hope ChCh sales goes great as well!

Think you need to look at it with more open eyes though as to whether it is profitable to be breeding nowadays for sale!

Of course some of the bigger vendors have done ok and I am pleased for them!

Some vendors have lost quite a lot of money and others have still got their horses as they didn’t achieve the reserve.

Cant be bothered discussing something with you when you are totally blinded! 

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10 minutes ago, Brodie said:

Flash, I am pleased that you think the sales went great, doesn’t affect me one iota!

Hope ChCh sales goes great as well!

Think you need to look at it with more open eyes though as to whether it is profitable to be breeding nowadays for sale!

Of course some of the bigger vendors have done ok and I am pleased for them!

Some vendors have lost quite a lot of money and others have still got their horses as they didn’t achieve the reserve.

Cant be bothered discussing something with you when you are totally blinded! 

Its actually you that's blinded about this and other issues but you appear to think you are always right even when a credible  case is put up which differs from your base case.

You keep going on about Vendors losing money , well i hate to tell you this but it happens in all industries where stock are involved. Your argument almost seems to be that the game should be a cost plus one based on service fees which is absolute nonsense. Did it not occur to you that with a median up 46% that vendors have done  sensationally better than the final PGG Wrightson one.

Try being positive  for once

 

Greg

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17 hours 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.

 

Thought I'd take a look at the results of the Bettor's Delight progeny at Auckland sale and share that with you guys. I'm not a breeder, and not sure what BD's service fee was, but somebody mentioned approx $30k above, I see it is currently $25K +GST.

Summary 36 lots, of which 1 withdrawn, 4 Passed In, 9 sold in the $16k - $30k range, 9 in the $31k - $40k range, 8 in the $46k - $75k range and 5 in the $100k plus range.

I note most of those sold for $30k and under are Woodlands Stud offerings.

If you were a vendor, what sale price would you be happy with? 

Will be interesting to do the same stats on the ChCh Sale with 80+ Bettor's on offer.

On Auckland sales, look like the Captaintreacherous and Muscle Hill's were the sought after stock, limited numbers but good sale price.

Here's the BD's by sale $ with the Passed In / Withdrawn at bottom.

Name Sire Dam Vendor Sex Sale $
Shirley Bassey Bettor's Delight Pocketmore Woodlands Stud (NZ) Ltd Filly 16000
Boris Yeltsin Bettor's Delight Kristallina Woodlands Stud (NZ) Ltd Colt 17000
Lifes A Cabaret Bettor's Delight Its Showtime Woodlands Stud (NZ) Ltd Filly 18000
Camila Cabello Bettor's Delight Queen Camille Woodlands Stud (NZ) Ltd Filly 21000
Instant Delight Bettor's Delight Lislady Woodlands Stud (NZ) Ltd Filly 22000
Head Strong Bettor's Delight Mach's Excuse Woodlands Stud (NZ) Ltd Colt 25000
Simply Delicious Bettor's Delight Delizioso Woodlands Stud (NZ) Ltd Filly 27500
Blaze Maguire Bettor's Delight Saccha Maguire Jubilee Park Colt 30000
The Dark Side Bettor's Delight Steel The Light Woodlands Stud (NZ) Ltd Colt 30000
John Wayne Bettor's Delight First Western Woodlands Stud (NZ) Ltd Colt 31000
Meetmeinsorrento Bettor's Delight Pocket Matao Breckon Farms Ltd Colt 32000
Rocco Maguire Bettor's Delight Zenola Starbuck Jubilee Park Gelding 32500
Romanee Bettor's Delight Meursault Woodlands Stud (NZ) Ltd Colt 34000
Harvey Maguire Bettor's Delight Miss Jubilee Jubilee Park Colt 35000
Sassy And Sweet Bettor's Delight Uptown Attitude Hollis & Robertson Equine Services Filly 35000
Road Runner Bettor's Delight Running On Faith Woodlands Stud (NZ) Ltd Colt 36000
Nyla Bettor's Delight Martine Maguire Rosslands Stud Ltd Filly 37500
Nevada Bettor's Delight La Bastille Woodlands Stud (NZ) Ltd Colt 40000
Polka Delight Bettor's Delight River Polka Hollis & Robertson Equine Services Filly 46000
Unconditional Bettor's Delight Dream Offer Woodlands Stud (NZ) Ltd Filly 50000
Pace N Pride Bettor's Delight Maid In Splendour Breckon Farms Ltd Colt 55000
Mr Fantastic Bettor's Delight Its All On Woodlands Stud (NZ) Ltd Colt 62500
Maybe Bettor's Delight Taylor Kate Breckon Farms Ltd Colt 65000
Good Bettor Best Bettor's Delight Good On Top Hollis & Robertson Equine Services Colt 75000
La Bet Bettor's Delight La Filou Woodlands Stud (NZ) Ltd Filly 75000
Serg Blanco Bettor's Delight Ca Cest Lamore Woodlands Stud (NZ) Ltd Colt 75000
La Rosa Bettor's Delight Safedra Wairau Farm Filly 100000
Star Of Africa Bettor's Delight Diamond Like Woodlands Stud (NZ) Ltd Colt 100000
Delightintrumpsdream Bettor's Delight Yankee Dream Hollis & Robertson Equine Services Colt 105000
Holyrood Bettor's Delight Eyre To The Throne Hollis & Robertson Equine Services Filly 120000
Dior Sauvage Bettor's Delight Kamwood Elsie Woodlands Stud (NZ) Ltd Colt 140000
High Flying Harry Bettor's Delight High Society Gal Breckon Farms Ltd Colt  
Bettor Power Bettor's Delight Nicky's Power Woodlands Stud (NZ) Ltd Colt  
Alta Euphoric Bettor's Delight Alchemist Alta Dream Lodge Colt  
Girls Love Pearls Bettor's Delight Andress Blue Chip Dancingonmoonlight Ltd Filly  
Bettor Call Me Bettor's Delight Callmemaybe Breckon Farms Ltd Colt  
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15 minutes ago, TheHorseman said:

Thought I'd take a look at the results of the Bettor's Delight progeny at Auckland sale and share that with you guys. I'm not a breeder, and not sure what BD's service fee was, but somebody mentioned approx $30k above, I see it is currently $25K +GST.

Summary 36 lots, of which 1 withdrawn, 4 Passed In, 9 sold in the $16k - $30k range, 9 in the $31k - $40k range, 8 in the $46k - $75k range and 5 in the $100k plus range.

I note most of those sold for $30k and under are Woodlands Stud offerings.

If you were a vendor, what sale price would you be happy with? 

Will be interesting to do the same stats on the ChCh Sale with 80+ Bettor's on offer.

On Auckland sales, look like the Captaintreacherous and Muscle Hill's were the sought after stock, limited numbers but good sale price.

Here's the BD's by sale $ with the Passed In / Withdrawn at bottom.

Name Sire Dam Vendor Sex Sale $
Shirley Bassey Bettor's Delight Pocketmore Woodlands Stud (NZ) Ltd Filly 16000
Boris Yeltsin Bettor's Delight Kristallina Woodlands Stud (NZ) Ltd Colt 17000
Lifes A Cabaret Bettor's Delight Its Showtime Woodlands Stud (NZ) Ltd Filly 18000
Camila Cabello Bettor's Delight Queen Camille Woodlands Stud (NZ) Ltd Filly 21000
Instant Delight Bettor's Delight Lislady Woodlands Stud (NZ) Ltd Filly 22000
Head Strong Bettor's Delight Mach's Excuse Woodlands Stud (NZ) Ltd Colt 25000
Simply Delicious Bettor's Delight Delizioso Woodlands Stud (NZ) Ltd Filly 27500
Blaze Maguire Bettor's Delight Saccha Maguire Jubilee Park Colt 30000
The Dark Side Bettor's Delight Steel The Light Woodlands Stud (NZ) Ltd Colt 30000
John Wayne Bettor's Delight First Western Woodlands Stud (NZ) Ltd Colt 31000
Meetmeinsorrento Bettor's Delight Pocket Matao Breckon Farms Ltd Colt 32000
Rocco Maguire Bettor's Delight Zenola Starbuck Jubilee Park Gelding 32500
Romanee Bettor's Delight Meursault Woodlands Stud (NZ) Ltd Colt 34000
Harvey Maguire Bettor's Delight Miss Jubilee Jubilee Park Colt 35000
Sassy And Sweet Bettor's Delight Uptown Attitude Hollis & Robertson Equine Services Filly 35000
Road Runner Bettor's Delight Running On Faith Woodlands Stud (NZ) Ltd Colt 36000
Nyla Bettor's Delight Martine Maguire Rosslands Stud Ltd Filly 37500
Nevada Bettor's Delight La Bastille Woodlands Stud (NZ) Ltd Colt 40000
Polka Delight Bettor's Delight River Polka Hollis & Robertson Equine Services Filly 46000
Unconditional Bettor's Delight Dream Offer Woodlands Stud (NZ) Ltd Filly 50000
Pace N Pride Bettor's Delight Maid In Splendour Breckon Farms Ltd Colt 55000
Mr Fantastic Bettor's Delight Its All On Woodlands Stud (NZ) Ltd Colt 62500
Maybe Bettor's Delight Taylor Kate Breckon Farms Ltd Colt 65000
Good Bettor Best Bettor's Delight Good On Top Hollis & Robertson Equine Services Colt 75000
La Bet Bettor's Delight La Filou Woodlands Stud (NZ) Ltd Filly 75000
Serg Blanco Bettor's Delight Ca Cest Lamore Woodlands Stud (NZ) Ltd Colt 75000
La Rosa Bettor's Delight Safedra Wairau Farm Filly 100000
Star Of Africa Bettor's Delight Diamond Like Woodlands Stud (NZ) Ltd Colt 100000
Delightintrumpsdream Bettor's Delight Yankee Dream Hollis & Robertson Equine Services Colt 105000
Holyrood Bettor's Delight Eyre To The Throne Hollis & Robertson Equine Services Filly 120000
Dior Sauvage Bettor's Delight Kamwood Elsie Woodlands Stud (NZ) Ltd Colt 140000
High Flying Harry Bettor's Delight High Society Gal Breckon Farms Ltd Colt  
Bettor Power Bettor's Delight Nicky's Power Woodlands Stud (NZ) Ltd Colt  
Alta Euphoric Bettor's Delight Alchemist Alta Dream Lodge Colt  
Girls Love Pearls Bettor's Delight Andress Blue Chip Dancingonmoonlight Ltd Filly  
Bettor Call Me Bettor's Delight Callmemaybe Breckon Farms Ltd Colt  

You ask the question about vendors and sales prices. You might be interested in this TH

"Local vendor Woodlands Stud are the leading vendor by aggregate having sold 30 lots for a total of $1,401,500, including four of the top 10 yearlings sold today.

“It was good to see the Australians here, NZB did a great job in getting buyers on the complex,” commented Woodlands Stud’s principal Andrew Grierson.

“There was a lot of buzz leading into today and it’s the way it went for us, we had a good Sale overall and are happy with the results.”

 

Greg

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JJ Flash, if you think it was a great sale then that is fine, but bear in mind that you were not a vendor as far as I know!

Have spoken to a couple of people who were at the sales and they said it was a very good sale!

For the buyers!

You need to put things into perspective when it comes to profit for the vendors, not just sale prices!

Anyway can’t be bothered arguing over something like this as no point, and there are going to be winners and losers!

Just know that there are far easier ways to make good money without the risk!!!!

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Watched some of the sales in ChCh this afternoon of the trotters.

Havent seen the average or median stats yet, but seemed like a bit of a struggle like in Auckland However I am sure a rosey picture will be posted.

The pacers come up for auction tomorrow being Wednesday.

Seems like a strong catalogue of pacers and is going to be very interesting to see if there are enough buyers willing to put their hands up and pay big money that most vendors are needing to cover their costs.

There will be some happy vendors and some very disappointed ones, and hopefully most are happy for the good of our industry.

Never have I ever seen a sale catalogue so dominated by 2 stallions, Bettors Delight and Art Major and between the 2 of them they have produced well over 50% of the catalogue!

With Bettors Delight service fee being close to 30k most will need to bring 50k minimum to cover costs I would’ve thought, but no doubt someone will tell me that I am wrong!!

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On 18/02/2019 at 8:25 PM, 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?

 

 

You're a numbers man, Brodie. 

Bettor's Delight results after a quick count up over the past few days. 

Auckland: 

Horses offered: 35

Horses sold: 31

Total spent: 1,451,000

Average: $46,800 (rounded)

Highest price: $140,000 + 4 x others $100k + 

-------------------------------------------------------------------------------------------

Christchurch: 

Horses offered: 76

Horses sold: 63 

Total spent: $3,268,000

Average: $51,870 (rounded) 

Highest Price: $170,000 x 2 + 4 x others $100k +

---------------------------------------------------------------------------------------------

Combined: 

Horses offered: 111

Horses sold: 94 

Total Spent: $4,719,000

Average: $50,200 (rounded)

So, the question is - how do we assess this based on your point that there is no money to be made from breeding to Bettor's Delight with the intention of sending the resulting foal to the sales.

Quite simply, I guess. You can. Yes, it might not be much in some instances, and there will even be instances where it won't result in a profit, but largely - by the numbers - if you breed a horse to him for $25k there is statistical data to show that you have a chance of making some form of profit on that original investment + other costs. 

IMO - the last three days have signaled a well overdue change in direction for the sales. Today's sale looked, on face value to be a huge success. By my count 43 horses today worth $50k and more, I can remember writing out a TOP 10 list from sales day a few years back where numbers 8,9 and 10 were below that. 

We needed improvement in this sector of the industry - and we've got it by the looks of it. 

 

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Christchurch second day sale I haven’t looked at the average or median yet, but did watch some of the live broadcast on the Webb until it broke down and kept going back to the same lot that sold.

Yes there were some quite big sales which were bought by the normal big players!

Yes there were too many Bettors Delight in the sale, and yes I know he is what buyers tend to be looking for but does mean that vendors do need a lot of money to cover their costs including the 30k service fee.

There seemed to be many Bettors Delight That did not achieve their service fee, so vendors would be disappointed.

The vendors that got plenty of course will be happy.

As I have said I want the Sales series to be a huge success, and some will say it was!

Call me negative call me what you like, but overall I believe that there will be many breeders who will be seriously considering whether it is worth the expenses of breeding in the future!

You can not just go on averages, you need to look at the median and compare that to what it costs to breed a yearling to the sales stage to see if there is any profit in it!

There were also quite a few vendors who had horses passed in as well that obviously didn’t achieve the price that they needed for their yearling!

 

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24 minutes ago, Brodie said:

Christchurch second day sale I haven’t looked at the average or median yet, but did watch some of the live broadcast on the Webb until it broke down and kept going back to the same lot that sold.

Yes there were some quite big sales which were bought by the normal big players!

Yes there were too many Bettors Delight in the sale, and yes I know he is what buyers tend to be looking for but does mean that vendors do need a lot of money to cover their costs including the 30k service fee.

There seemed to be many Bettors Delight That did not achieve their service fee, so vendors would be disappointed.

The vendors that got plenty of course will be happy.

As I have said I want the Sales series to be a huge success, and some will say it was!

Call me negative call me what you like, but overall I believe that there will be many breeders who will be seriously considering whether it is worth the expenses of breeding in the future!

You can not just go on averages, you need to look at the median and compare that to what it costs to breed a yearling to the sales stage to see if there is any profit in it!

There were also quite a few vendors who had horses passed in as well that obviously didn’t achieve the price that they needed for their yearling!

 

You can put a negative spin on it as per usual but the stats don't lie!

Turnover up $900K on last year with 85 less horses in the sales.

The average and median were $41338 and $30000.

Clearance rate of around 85% in Chch

 

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11 hours ago, Nowornever said:

You can put a negative spin on it as per usual but the stats don't lie!

Turnover up $900K on last year with 85 less horses in the sales.

The average and median were $41338 and $30000.

Clearance rate of around 85% in Chch

 

Nowornever, not a negative spin at all!

If the vendors are happy with what they achieved then I am pleased for them!

If the vendors are happy to take home their yearlings That didn’t meet Reserve then that is great to.

Median at 30k not that flash I would  have thought Seem Bettors Delight stands at 30k and he dominated the no.s.

There were a lot of Bettors Delight’s that didn’t get the service fee so how  that is successful I am unsure!

Does anyone know what the cost would have been up to the time the yearling sells including sales costs?

Anyway, it the vendors Bank are happy with the result, then that is what matters most isn’t it?

Hopefully the Sales Series goes from strength to strength.

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11 hours ago, Brodie said:

Christchurch second day sale I haven’t looked at the average or median yet, but did watch some of the live broadcast on the Webb until it broke down and kept going back to the same lot that sold.

Yes there were some quite big sales which were bought by the normal big players!

Yes there were too many Bettors Delight in the sale, and yes I know he is what buyers tend to be looking for but does mean that vendors do need a lot of money to cover their costs including the 30k service fee.

There seemed to be many Bettors Delight That did not achieve their service fee, so vendors would be disappointed.

The vendors that got plenty of course will be happy.

As I have said I want the Sales series to be a huge success, and some will say it was!

Call me negative call me what you like, but overall I believe that there will be many breeders who will be seriously considering whether it is worth the expenses of breeding in the future!

You can not just go on averages, you need to look at the median and compare that to what it costs to breed a yearling to the sales stage to see if there is any profit in it!

There were also quite a few vendors who had horses passed in as well that obviously didn’t achieve the price that they needed for their yearling!

 

Stop telling the same lie repetitively to suit your non existent  case which changes the more you are proven wrong.

For example, you keep quoting Bettors price as 30K which is factually wrong. For yearlings sold in the latest sale the stud fee was 15K plus GST or as most breeders took up 12K plus GST for 2 or more mares.

The sale was a fabulous success for breeders/vendors as long as they had the product buyers were looking for. Pass rate is indicative of that as well as over estimation of products value by breeder.

I was at the sale participating and that included talking to breeders as well as trainers etc so i think i have some feel for what was going on , were you???

 

 

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10 minutes ago, Brodie said:

Nowornever, not a negative spin at all!

If the vendors are happy with what they achieved then I am pleased for them!

If the vendors are happy to take home their yearlings That didn’t meet Reserve then that is great to.

Median at 30k not that flash I would  have thought Seem Bettors Delight stands at 30k and he dominated the no.s.

There were a lot of Bettors Delight’s that didn’t get the service fee so how  that is successful I am unsure!

Does anyone know what the cost would have been up to the time the yearling sells including sales costs?

Anyway, it the vendors Bank are happy with the result, then that is what matters most isn’t it?

Hopefully the Sales Series goes from strength to strength.

That's what I wondered as well Brodie, a lot of work for not a great deal of return in some cases.

Screenshot_20190221-081806.png

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1 hour ago, JJ Flash said:

Stop telling the same lie repetitively to suit your non existent  case which changes the more you are proven wrong.

For example, you keep quoting Bettors price as 30K which is factually wrong. For yearlings sold in the latest sale the stud fee was 15K plus GST or as most breeders took up 12K plus GST for 2 or more mares.

The sale was a fabulous success for breeders/vendors as long as they had the product buyers were looking for. Pass rate is indicative of that as well as over estimation of products value by breeder.

I was at the sale participating and that included talking to breeders as well as trainers etc so i think i have some feel for what was going on , were you???

 

 

JJ, it is great that you think the sale was successful for the breeders, which means that the buyers will not be as happy!

Seem you are this expert about sales yearlings can you kindly itemise the costs from the service fee, grazing and feeding, preparation costs and sales costs for a Bettors Delight yearliNg for the sales!

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4 minutes ago, Brodie said:

Seem you are this expert about sales yearlings can you kindly itemise the costs from the service fee, grazing and feeding, preparation costs and sales costs for a Bettors Delight yearliNg for the sales!

how about we see yours first given day after day you have failed to produce honest figures to support you repetitive rambling.

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34 minutes ago, Brodie said:

JJ, it is great that you think the sale was successful for the breeders, which means that the buyers will not be as happy!

Seem you are this expert about sales yearlings can you kindly itemise the costs from the service fee, grazing and feeding, preparation costs and sales costs for a Bettors Delight yearliNg for the sales!

Why, this from you earlier

" Flash, I am pleased that you think the sales went great, doesn’t affect me one iota! "

Another Brodie contradiction, no point me telling you anything as you wont believe anything that's going to show you up as i have already proven. 

Everyone i spoke to and listened to thought it was  a great sale and the Median numbers don't lie. You need to watch the box seat and especially Micks comments about anyone who thought the sale was anything but a success, might he be referring to you?

 

Greg

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Look, as I say if everyone is happy about the sales that is great.

Have spoken to a few people and who were there and yes there were some excellent results but also not so good.

The fact is that 30k is Bettors Delight’s service fee at the moment and there will be many that sold yearlings this year that will be questioning the rationale of spending that money to be lucky to get that back!

You need to look at the bottom line of is there any profit for the average breeder nowadays!

I would say that with a median of $30k there would be next to nothing for the average breeder!

You can say what you want about Brodie, but he does say it the way it is!

No I don’t breed horses nowadays, not worth my while and that is why I have been financially successful because I know what is a great investment and what is not!!

Breeding harness horses is not a profitable business for almost all Involved!

 

 

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