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High Praise For International Premier Sale

Wednesday, 1st February 2017

This year’s edition of New Zealand Bloodstock’s Premier Yearling Sale has held steady off the back of last year’s record-smashing Sale. After 17% increases in median and average last year, this year saw the average settle at $172,803, down 2%, while the aggregate rose 5% to $58,407,500 ($2,720,000 more than last year’s figure). Clearance equalled last year’s figure of 78% with 338 horses sold and Managing Director Andrew Seabrook was confident vendors and buyers alike should be pleased with the overall results. “While we couldn’t match last year’s record average, the more important median has stuck firm at $140,000 and turnover is up," said Seabrook. “We’ve offered more Premier Sale horses this year and had a buying bench with enough extra depth to compete for them. The sale clashing with Chinese New Year wasn’t ideal however increased participation from Dubai countered its effect.” He added: "Again, we are grateful to our domestic buyers and overall leading buyer David Ellis and his Te Akau Racing team who continue to really bolster the Sale.” In total, international investment accounted for 70% ($41.1 million) of the Premier Sale turnover with Australian buyers set to take home just over half the horses sold and their spend accounting for 53% or $30.9 million in receipts. New Zealand buyers secured 122 of the Lots on offer spending $17.3 million. David Ellis’ combined spend over the two days cemented his spot as the leading buyer by aggregate ($4,197,500) with 26 yearlings set to be prepared by Champion NZ Trainers Jamie Richards and Stephen Autridge. His highest priced purchase saw Ellis fend off fierce international competition for Cambridge Stud’s Lot 312 with the Exceed and Excel colt knocked down for $625,000.

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