Further Strong Trade Completes NZB Book 1

A solid day of trading on Day 3 has concluded Book 1 of New Zealand Bloodstock’s ninety-fifth National Yearling Sales Series with encouraging results for the New Zealand industry. The turnover reached $50,998,000, representing an average of $123,184 for 414 horses sold. The median closed at $95,000, with the clearance rate climbing to an impressive 81%. The conclusion of Book 1 brought a feeling of optimism to the domestic thoroughbred industry moving forward. NZB’s Managing Director Andrew Seabrook was heartened by the strong clearance rate, buyer participation and vendors willingness to meet the market. “I think the big winner in this whole digital online space is New Zealand. We’re the most remote country in the bloodstock world and I think going forward we will benefit more than any other country and it’s exciting.” The leading buyer by aggregate was Karaka king pin David Ellis (CNZM), who purchased 38 yearlings for a total turnover of $7,425,000 at an average of $195,395. There are a further 300 horses to go under the hammer on Wednesday and Thursday, with some exceptional types expected to emerge from Book 2, as is invariably the case.