28 Jan 2009

Lower prices at Karaka yearling sale

12:19 pm on 28 January 2009

More than $53 million worth of bloodstock changed hands during the two day Karaka Premier sale - a significant drop on last year's record $77 million.

The average price was was 27% lower than last year at $146,000.

The top price of $800,000 was paid by Matamata trainer Lance Noble on Monday for a colt by Encosta de Lago.

On the second day, a Stravinsky filly was knocked down to local bloodstock agent Dean Hawthorne for $775,000. The filly is the second foal of Zabeel mare Diamond Smile, a three-quarter sister to Octagonal, Mouawad and Shower of Roses.

The leading buyer of the premier sale for the fourth consecutive year was David Ellis of Te Akau Racing, who bought four horses for a total of almost $4.5 million.

The Hong Kong Jockey Club bought 25 yearlings for $4 million, leading the overseas contingent.

The leading vendor has been Sir Patrick Hogan's Cambridge Stud with 52 yearlings sold for almost $10.5 million. Cambridge sold two of the top three lots of the sale.