Chief Stipe Posted March 7, 2022 Share Posted March 7, 2022 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted March 7, 2022 Author Share Posted March 7, 2022 Million Dollar Moment on Day One 7 March 2022 Lot 161 (Savabeel x Chandelier) was purchased for $1,000,000 by Kacy Fogden. New Zealand Bloodstock saw an exhilarating start to its 96th National Yearling Sales Series, with a strong buying bench welcomed both on the grounds and online, at the Karaka Sales Centre. At the close of trading for the opening session of Book 1 at Karaka 2022, 126 yearlings sold for a total turnover of $20,042,500, with most key Sale indicators climbing significantly on 2021’s results. Day One saw an 18% increase in total aggregate, while the average increased by 22% and the median climbed significantly by 25%. NZB’s Director of Sales, Danny Rolston, was pleased with the increase in statistics. “To have nearly every statistic up is fantastic, we would like a higher clearance rate obviously, but the turnover has been great and the push on the proven sires was there.” “We have seen a really good day for the New Zealand breeding and racing industry. A million dollars is great, we don’t get a million dollar yearling every year and Savabeel has done that for us this year. “The confidence level is really high and once the lots get above $400,000 or $500,000, what it takes is competition. You certainly need people to value them that highly, which is what we saw. “A lot of the Australian-based New Zealanders that have come home have been so strong today. It was a huge advantage to have them here and is great to have that flavour added back into the Sale. This, coupled with the strength of our domestic buying bench, sees us anticipate another great five days of trading,” Rolston said. The highlight on day one came during the afternoon, when Lot 161, a full brother to Group One-winner Mo’unga (NZ) was knocked down for $1,000,000 to Kacy Fogden on behalf of Mr T Fung and Annabel Neasham Racing. The colt by New Zealand’s Champion sire Savabeel is out of prominent Waikato Stud broodmare Chandelier. Fogden, who was in a bidding dual against New Zealand industry titan David Ellis to secure the colt, commented on the monumental purchase. “It helps when you have a nice judge underbidding, but it probably isn’t a match I would like to do again in a hurry.” ”I think with Aquis owning Mo’unga he’s obviously a pretty special horse to us. We were prepared for it, we would have liked him to be not as much, but that is the colt he is, he’s a quality colt so you’ve got to buy the one you want.” “We love New Zealand, obviously I’m a little bit biased but it’s a beautiful Sale to come to and the stock is always fantastic. There’s horses that come out of here and perform on the world stage so we love it,” she said. Kiwi expat Andrew Williams, in partnership with trainer Andrew Forsman and agent Bevan Smith, purchased the second highlight lot late in the session, after securing Lot 217 for $600,000 from Blandford Lodge’s draft. Lot 217 (Snitzel x Eleonora) was purchased for $600,000 by Andrew Williams, Andrew Forsman and Bevan Smith. The filly by Snitzel out of Group One placed and Group Three-winning mare Eleonora (NZ) (Makfi) heralds from Sir Peter Vela’s blue-blooded Romanee Conti family. Forsman knows the family well having trained Eleonora and explained what it is that drew him to her daughter. “She was actually very similar to her mother so obviously that’s a nice trait because she was a very good racehorse and a horse we’ve had a lot to do with. Being by Snitzel with the pedigree behind, her she’s got a lot of residual value heading forward anyway.” “We’re just wrapped to have secured her, we missed out of couple earlier today and that was the number we had settled on, so we were lucky to get her,” he said. Still maintaining his throne as leading purchaser by aggregate, David Ellis of Te Akau Racing purchased 16 yearlings for a total spend of $4,020,000, averaging $251,250. Ellis was elated to be a part of the ringside action during the opening of Karaka 2022. “We have seen an incredible day given the circumstances and I’m proud to be a part of this great industry.” “I just look at the horses and if I really want to train them, then I just have to buy them and we’ve purchased some excellent horses today. “After looking at the quality of athletes in the Sale, I knew that it would achieve good results, but you have just got to take your hat off to NZB given the way that they run it,” Ellis said. To enquire about Passed Lots contact Regan Donnison on +64 21 512 466 or email regan.donnison@nzb.co.nz or Kane Jones on +64 27 274 4985 or email kane.jones@nzb.co.nz. Catch the highlights and Lot-by-Lot footage from Day One online. View the full of Book 1 Day One results here. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted March 7, 2022 Author Share Posted March 7, 2022 There seemed to be a lot more withdrawals than normal. 36 out of 216 lots. Is that due to the later sale date? Did some of those get sold overseas in other sales or directly? Quote Link to comment Share on other sites More sharing options...
Huey Posted March 8, 2022 Share Posted March 8, 2022 I can't get my head around why anyone their right mind would be paying these prices to race a horse in NZ? 1 1 Quote Link to comment Share on other sites More sharing options...
Doomed Posted March 8, 2022 Share Posted March 8, 2022 2 hours ago, Huey said: I can't get my head around why anyone their right mind would be paying these prices to race a horse in NZ? I was amazed when I heard that derby winner had cost $500,000. He has now broken even, but only one horse a year can get that amount back in NZ, other than a sweepstake horse. 2 Quote Link to comment Share on other sites More sharing options...
mumbles Posted March 8, 2022 Share Posted March 8, 2022 Full sister just sold for $160k. Quote Link to comment Share on other sites More sharing options...
Huey Posted March 8, 2022 Share Posted March 8, 2022 6 of the top 15 sold to date are by Aus. based sires and 5 by Savabeel doesn't take a rock scientist . Also a real worry for NZ has to be finding an heir apparent to Savabeel. Quote Link to comment Share on other sites More sharing options...
nod Posted March 8, 2022 Share Posted March 8, 2022 I note there is real money for those by Tivaci. 1 Quote Link to comment Share on other sites More sharing options...
Huey Posted March 8, 2022 Share Posted March 8, 2022 1 hour ago, nod said: I note there is real money for those by Tivaci. Yes appears as though that amazing stud has got another one right. Quote Link to comment Share on other sites More sharing options...
nod Posted March 9, 2022 Share Posted March 9, 2022 Yes, Waikato has gone from cornering the silver market, now they are cornering the gold. Quote Link to comment Share on other sites More sharing options...
billy connolly Posted March 9, 2022 Share Posted March 9, 2022 Certainly kicked some goals since the days of Thornton Park and Super Grey. Anyone who can make money out of horses has my respect, good luck to them. 2 Quote Link to comment Share on other sites More sharing options...
Huey Posted March 10, 2022 Share Posted March 10, 2022 Book 2 yesterday surely an example of what happens when incompetent leadership within the industry kick the grassroots to the kerb one too many times? I'm sure it'll be all blamed on Covid though. Hopefully for the hardworking vendors there is some recovery in the next 2 days. Quote Link to comment Share on other sites More sharing options...
Peanut Posted March 11, 2022 Share Posted March 11, 2022 9 hours ago, Huey said: Book 2 yesterday surely an example of what happens when incompetent leadership within the industry kick the grassroots to the kerb one too many times? I'm sure it'll be all blamed on Covid though. Hopefully for the hardworking vendors there is some recovery in the next 2 days. More blood on the floor today. Thank goodness Book 3/Carnival no longer exists. 1 Quote Link to comment Share on other sites More sharing options...
Tesio Posted March 12, 2022 Share Posted March 12, 2022 On 3/11/2022 at 9:28 AM, Huey said: Book 2 yesterday surely an example of what happens when incompetent leadership within the industry kick the grassroots to the kerb one too many times? I'm sure it'll be all blamed on Covid though. Hopefully for the hardworking vendors there is some recovery in the next 2 days. NZB dont care, they just list the horses, collect the listing fees and charge a non sale commission to all those not sold also, more horses in the sales the better for NZB bank account. Trying to sell 1,103 horses in this sale is a joke! 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted March 12, 2022 Author Share Posted March 12, 2022 22 minutes ago, Tesio said: NZB dont care, they just list the horses, collect the listing fees and charge a non sale commission to all those not sold also, more horses in the sales the better for NZB bank account. Trying to sell 1,103 horses in this sale is a joke! Why is it a Joke? A lot less than the Aussie sales so far. Where do you sell you yearling if not in NZ'S only yearling sale? Quote Link to comment Share on other sites More sharing options...
Tesio Posted March 12, 2022 Share Posted March 12, 2022 3 minutes ago, Chief Stipe said: Why is it a Joke? A lot less than the Aussie sales so far. Where do you sell you yearling if not in NZ'S only yearling sale? Tell me how many horses Inglis catalogued at the recent Melbourne sale Chief Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted March 12, 2022 Author Share Posted March 12, 2022 31 minutes ago, Tesio said: Tell me how many horses Inglis catalogued at the recent Melbourne sale Chief How many NZ breeders can afford to fly their yearlings to OZ? What are they supposed to do? Stop breeding from their mares because NZB decides to limit the number of horses catalogued for sale? @Tesio answer this question - how many yearlings have been sold in OZ in the last 3 months? Quote Link to comment Share on other sites More sharing options...
Tesio Posted March 12, 2022 Share Posted March 12, 2022 3 minutes ago, Chief Stipe said: How many NZ breeders can afford to fly their yearlings to OZ? What are they supposed to do? Stop breeding from their mares because NZB decides to limit the number of horses catalogued for sale? @Tesio answer this question - how many yearlings have been sold in OZ in the last 3 months? How about you answer my question first chief, but you probably will not as you are good and dodging direct questions, You obviously don’t understand simple Supply v Demand Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted March 12, 2022 Share Posted March 12, 2022 Per Incanto flying the flag...2 in the Newmarket...Lost @ still running....and Roch'n' Horse!🙃 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted March 12, 2022 Author Share Posted March 12, 2022 19 hours ago, Tesio said: How about you answer my question first chief, but you probably will not as you are good and dodging direct questions, You obviously don’t understand simple Supply v Demand So are you suggesting that Breeders/Vendors should have decided two years ago not to put their mares in foal i.e. reduce supply? Quote Link to comment Share on other sites More sharing options...
Tesio Posted March 12, 2022 Share Posted March 12, 2022 2 hours ago, Chief Stipe said: So are you suggesting that Breeders/Vendors should have decided two years ago not to put their mares in foal i.e. reduce supply? As it was less horses were catalogued this year in Book 2 than last year. You seem to be inferring that NZB should have catalogued even fewer horses. You really don't get it do you Chief and I note you still haven’t respond to my original question. Book 2 catalogued was 15 fewer horses than last year, but Book 1 had 57 extra therefore = more horses cataloged than last year, and the same results again…very poor clearance rate. Now go and tell us how many Inglis catalogue for their Melbourne sale and what their clearance rates are. Yes we need fewer horses in the sale, there is other avenues for people to sell $10k horses, but a pass in on $10k reserve horse is still $1,650 revenue for NZB. Now 100 horses that maybe should not have been there = $165,000 to NZB bottom line. Do NZB have those honest/ feedback conversations with breeders like Inglis do? Quote Link to comment Share on other sites More sharing options...
Tesio Posted March 12, 2022 Share Posted March 12, 2022 2 minutes ago, Tesio said: You really don't get it do you Chief and I note you still haven’t respond to my original question. Book 2 catalogued was 15 fewer horses than last year, but Book 1 had 57 extra therefore = more horses cataloged than last year, and the same results again…very poor clearance rate. Now go and tell us how many Inglis catalogue for their Melbourne sale and what their clearance rates are. Yes we need fewer horses in the sale, there is other avenues for people to sell $10k horses, but a pass in on $10k reserve horse is still $1,650 revenue for NZB. Now 100 horses that maybe should not have been there = $165,000 to NZB bottom line. Do NZB have those honest/ feedback conversations with breeders like Inglis do? Actually chief the numbers are a lot worse that my response above as your screen shot was only for day 1 and 2 2021 Book 1 - 579 2021 Book 2 - 339 2021 Total horse = 918 now 2022 Book 1 - 636 2022 Bok 2 - 467…yes Chief 467 2022 Total horse = 1103 But hey NZB still get their revenue if horses don't sell Now you be the judge Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted March 12, 2022 Author Share Posted March 12, 2022 14 minutes ago, Tesio said: Yes we need fewer horses in the sale, there is other avenues for people to sell $10k horses, but a pass in on $10k reserve horse is still $1,650 revenue for NZB. Now 100 horses that maybe should not have been there = $165,000 to NZB bottom line. So I'm correct you are just having a go at NZB? Yes there may be other avenues for Vendors to sell their yearlings but at the end of the day it is THEIR choice where they sell them. No one is forcing their hand to sell at Karaka. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted March 12, 2022 Author Share Posted March 12, 2022 17 minutes ago, Tesio said: Do NZB have those honest/ feedback conversations with breeders like Inglis do? Why would they? You keep referring to Inglis as if they are the only option available in Australia. Do the Magic Millions have these "honest conversations"? There are ELEVEN Yearling Sales in Australia. How many "honest conversations" were had? Quote Link to comment Share on other sites More sharing options...
Tesio Posted March 12, 2022 Share Posted March 12, 2022 6 minutes ago, Chief Stipe said: So I'm correct you are just having a go at NZB? Pretty bloody obvious chief… Quote Link to comment Share on other sites More sharing options...
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