It's been a solid start to the 83rd National Yearling Sales Series at Karaka, with a day one average of just over 150 thousand dollars.
That's 25 percent down on the average for the entire sale last year... the turnover for the day was almost 26 million.
The top price of the day came in the very first run with the colt by Encosta de Lago fetching 800 thousand dollars. Offered by Lyndhurst Farm, the colt from the four-time Group 1 winning racemare Giovana was knocked down to Matamata trainer Lance Noble and his wife, Leigh.
Managing Director Sales & Marketing Petrea Vela said the company was pleased with the day's trade.
She says before the sale began the general expectation was that, given the current economic environment and the record-breaking sale last year, if they could produce something close to the 2007 figures then the sales would be deemed a success... so far they're on target for that to be the case so we're pleased with how it has started.