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Bluebloods : Karaka 2012 Yearling Sale Preview
Q: What are NZB's expectations of the National Yearling Sales given the current global economic climate? A: In 2011 we saw the Karaka Yearling Sale market hold up considerably well in spite of some challenging global economic factors, and there are some positive signs that there hasn't been any weakening to demand since then. We're very encouraged by the strength of our recent Ready to Run Sale, which showed that there's still high demand for the horses we have to offer here in New Zealand. The exchange rate still represents good value, particularly for Australian buyers and there are some positive results from the sales markets both here and in the northern hemisphere which all bodes well. Importantly, our catalogues are very good and our horses keep performing well, so hopefully Karaka 2012 will be an appealing option for buyers and we will be well placed to capture any demand. Q: Are the results out of the northern hemisphere sales series a reliable guide? A: Yes and no. On one hand the industry is getting more and more international, and seeing some vitality restored to the market in the northern hemisphere gives all buyers and vendors more confidence. There are usually similar trends from north to south and certainly we take heart from seeing signs of recovery up there. On the other hand, our local markets throughout Australia and Asia play a much bigger and more direct role in the success of our sales and have their own unique economic factors that come into play, so it's important for us that the economies and racing industries of those regions, Hong Kong, Singapore and Australia in particular, are robust. Q: Is the quality of the Premier catalogue a match for recent years? A: The catalogues this year are as strong as ever and we're thrilled with the selection. The catalogues benefit from the burgeoning strength of our local sire ranks, with stallions like Savabeel, Darci Brahma, Thorn Park, Falkirk, etc complementing the likes of Zabeel, Pins, O'Reilly, Pentire and so on. We are also lucky to be able to offer a good flavour of international sires, with the likes of High Chaparral, Fastnet Rock and more. There are a number of interesting first season sires like Alamosa, Henrythenavigator, Guillotine, Northern Meteor, Sakhee’s Secret and Sir Percy all represented, which also add plenty of interest to the line-up. Q: You must be delighted Cambridge Stud has lifted its commitment to the sales series with so many well-credentialled fillies entered? A: Yes absolutely, with Cambridge Stud’s reputation and success it’s a huge boost to the sale to have Patrick’s commitment to sell all his yearlings at Karaka. This year he decided that everything he bred was destined for the sale ring so, save for one or two that have had interrupted preparations and can’t make it to sale, every yearling he has bred in New Zealand this season will be at Karaka. That means that in addition to his usual strong line-up of colts, buyers also have a rare opportunity to acquire fillies from his blueblood families which is bound to tempt a few to Karaka. Q: Are overall yearling numbers on a par with recent years? A: We have catalogued 1444 this year, which is down by about 100 on last year. The only place that has impacted on the selling schedule is at the Festival Sale, which will be a one-day sale this year instead of two. Other than that, the entries will be divided along very similar lines to previous years, with 516 in Premier, 620 in Select and 308 in Festival. Selling will start one hour earlier at Premier and Festival this year (10am), but will be the usual 11am at the Select Sale. Q: Your thoughts on the strength of the Select and Festival catalogues? A: Our Select Sale catalogue is such a strong book, we couldn’t be happier. That sale is a real gold mine these days, there were eight individual Select Sale Gr.1 winners last season with horses like Shamrocker, Mufhasa, and Sangster this season, which from a sale average of between $NZ50,000 and $NZ60,000 presents enormous opportunity for buyers. As our Premier Sale gets stronger and stronger the Select and Festival Sales are also benefiting. Yearlings that a few years ago might have made the Premier Sale are now in the second session as the quality improves from the top down. There are fewer and fewer buyers these days who only consider shopping at the Premier Sale which we hope will continue. Q: When did sales planning swing into overdrive? A: Sales planning starts as early as May when we call for entries. Entries close in July then each yearling is inspected by the bloodstock team before being assigned a sale session. We wait for the results of the Melbourne Cup POSITIVE SIGNS POINT TO BUOYANT KARAKA SALE New Zealand Bloodstock (NZB) Managing Director (Sales and Marketing) Petrea Vela offered her thoughts on the National Yearling Sales series at Karaka. KARAKA 2012 YEARLING SALE PREVIEW 4 Q&A KARAKA 2012 M.K.
Feb 2011 Issue - Sale Previews
Magic Millions Gold Coast Yearling Preview 2012