The Ready to Run sales have commenced at Karaka in New Zealand with seven lots bringing over $200,000 on the first day of trade.
The highest priced lot to pass through the ring was a Casino Prince colt out of Grand Lodge mare, Ausbred Chic. He fetched a $300,000 and was sold to highly regarded Hong Kong trainer, Mr Dennis Yip. Yip also purchased the third top price to make him the leading buyer for the day, with the Towkay gelding at Lot 72 bought for $240,000.
Yesterday's top lot, a Casino Prince colt out of a Grand Lodge mare
It is not unusual to see the Asian buyers at the Ready to Run sale and this year looks to be no different as Singapore, Indonesia, Malaysia, Korea and Hong Kong have already been active at the sales.
After a steady start to the day, the 2012 edition of New Zealand Bloodstock's Ready to Run Sale of 2YOs gathered momentum to post just above average prices overall for the day.
The second highest price of the day came late on day one at Lot 192, with Lyndhurst Farm's Dubawi colt purchased by Michael Stedman Bloodstock for $250,000. This was one of 14 entries catalogued today for Mark & Shelley Treweek's Lyndhurst Farm, and has kept them on target to be the leading vendor for the sixth year in a row. Yesterday they had nine sell for an average of $142,111 including four of the top ten lots of the day. They have firmly established themselves as the leading vendor in New Zealand and have a huge amount of respect and trust throughout the industry. Lyndhurst Farm has a further 11 entries catalogued tomorrow included two extremely well bred Dynamic Syndications purchased horses; an Encosta De Lago – Petta Gaye colt (Lot 259) and a Northern Meteor – Villa Valencia colt (Lot 387).
Lyndhurst Farm have established themselves as the leading vendors over the past years
With 53 more entries than last year, 204 of this year's 407 catalogued lots were featured today, with 111 sold for $8,063,000. This represents a sale average for the day of $72,640 which is ahead of last year's record final average of $71,125. The Sale median is tracking at $52,500, 17% ahead of last year's record final median of $45,000 however the clearance rate after 204 lots is 67%, down from last year's 72% at the end of the first day.
NZB Co-Managing Director Petrea Vela had this to say about the Sale's progress so far.
"The buying bench at Karaka today is probably the best we have ever seen at this Sale which was a great start. There were some quiet patches earlier in the day and buyers are being discerning as you would expect, but this afternoon it did pick up. To have our figures for the day in line with last year's record Sale is a great result in the current climate and a credit to the vendors. I hope that the good momentum we saw today can continue into tomorrow.”
The second and final day of New Zealand Bloodstock's Ready to Run Sale of Two-Year-Olds can be viewed via live webcast by
clicking here.
Day two is already underway and can be viewed online
Dynamic will be looking to head back across the ditch with at least one or two horses in our possession.
The webcast will cover the final 203 lots set to go under the hammer today as the two-day Sale commences. There are 407 lots catalogued in total for the Ready to Run Sale. Day two started from 9:00am AEST this morning and will go until approximately 3.30pm AEST.
Stay tuned to the Dynamic Syndications website for more information on the final day of the New Zealand Ready to Run sale and what Dynamic end up doing.
Jay Mathieson