LongOwner Posted January 27, 2020 Posted January 27, 2020 I am no good at maths so can someone tell me - 2020 Sales : Catalogued 677 yearlings and 329 sold by NZB = 78% clearance 2019 Sales : Catalogued 698 yearlings and 398 sold by NZB = 77% clearance. How is the NZB clearance % calculated as at the moment I think they must have a good “spin” calculator ? Quote
Fred Posted January 27, 2020 Posted January 27, 2020 No -They sensibly relate the numbers sold to the numbers offered, Catalogued numbers reduce by withdrawals . Quote
LongOwner Posted January 27, 2020 Author Posted January 27, 2020 (edited) Why then not put the number of horses which went under the hammer and the number which sold - surely that is the clearance rate . Why publish the gross number before withdraws and therefore an error appeals in the summary . Say 329 sold at 77% clearance means 427 went to the hammer which means a (677 -427) = 250 withdraws or 40% of listings . Surely over a third of the book was not withdrawn . This doesn’t make sense ! Edited January 27, 2020 by LongOwner Quote
Murray Fish Posted January 28, 2020 Posted January 28, 2020 7 hours ago, LongOwner said: This doesn’t make sense ! lol very little about 'horse sales' do make sense! Quote
LongOwner Posted January 28, 2020 Author Posted January 28, 2020 Maybe NZB could explain the stats so we all know . It will save me the time and counting the withdraws so get actual horses put to auction and how many sold so true clearance rate . Quote
Fred Posted January 28, 2020 Posted January 28, 2020 The figures that confused you were for the entire catalogue which finished today. You were comparing total catalogue numbers with just two thirds offered. Quote
holy ravioli Posted January 29, 2020 Posted January 29, 2020 book 2 results...who would want to breed to sell! Big loss after stud fees and ongoing pre sale costs for the majority of..lots. Quality or..0 it seems. Book 3 will be interesting. 1 Quote
hunterthepunter Posted January 29, 2020 Posted January 29, 2020 2 hours ago, holy ravioli said: book 2 results...who would want to breed to sell! Big loss after stud fees and ongoing pre sale costs for the majority of..lots. Quality or..0 it seems. Book 3 will be interesting. would be some big loss on some horses was watching one from a new breeder was past in had a buy now at 20k and was sold for 15k so be big loss on it as it come all way from south island Quote
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.