Day At The Track

Strong middle market boosts Premier Sale

11:16 AM 19 Feb 2014 NZDT
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Bruce Barlass
Bruce Barlass - of PGG Wrightson

A strong middle market on the first day of the two-day New Zealand Premier Sale in Christchurch yesterday (Tuesday) saw the average price lift from $22,186 in 2013 to $25,191 in 2014. Canterbury rep for PGG Wrightson, Bruce Barlass put the 14 per cent rise in prices down to a strong Canterbury and Southland presence, as well as the healthy state of dairy farming in the South Island.

“We are pleased with what happened considering in it was 32 degrees outside and about 40 inside. I’ve never experienced a Sale in such hot conditions.

“But the people came out. The place was packed and there were an especially high number of Southlanders who turned out.

“It’s three years since our ‘earthquake sale’ and this year has shown us that people have been prepared to spend money. The middle market was especially high and I think that’s what lifted out average,” Barlass said.

Only two lots broke the $100,000 mark at the Australasian Classic Yearling Sale at Karaka on Monday. Yesterday three lots broke the magic six figure mark at Christchurch, but it was the $30,000 to $92,500 range that bolstered the statistics.

Thirty two of the 176 lots programmed achieved between $30,000 and $92,500.

“Lincoln Farm, Kerry Hoggard, Mark Purdon, Robert Dunn, Cran Dalgety and of course Mark Purdon were some of the big buyers on the day, but without the strong middle market the Sale would have suffered.

“It was also pleasing to see a strong Australian showing as well. Merv Butterworth bought big. That was pleasing because this is new territory for him,” Barlass said.

The highest price of the day paid was $140,000 - $10,000 more than the highest price at Karaka and $30,000 less than the top price paid on day one at last year’s Premier Sale – that being $170,000 for an Art Major-Asabella colt originally named Titanium, but now called Major Stride.

This year Lincoln Farms of Kumeu paid $140,000 for lot 124 – a Bettor’s Delight – Beaudiene Babe colt named Beaudiene Beaufighta. The vendor was W.D. Kennedy of Otautau.

The other two lots to fetch more than $100,000 or more were:

Lot 40, a Bettor’s Delight-Rona Lorraine colt named Bettor Think Quick bought by Rosslands Stud for $105,000. Vendor: Rosedale Farm.

Lot 59, a Rocknroll Hanover-Tallulah Bromac colt named Twinkle Bromac bought by Mark Purdon for $100,000. Vendor: Bromac Lodge.

Barlass was also delighted with the 77 per cent clearance rate compared to the 73 per cent at Auckland.

“It was a very good day clearance wise and I think this should improve on day two. In fact I think we can get close to last year’s overall clearance of 80 per cent,” said Barlass.

He believed the lift in the economy in Christchurch, especially from the dairy community was starting to filter into the standardbred industry.

“There’s a lot more money being pumped into Christchurch and I think the city has rebounded well from our tragedy three years ago. I’ve never seen so many Southlanders out in force either.

“I’m expecting an even better day tomorrow (Wednesday),” Barlass said.

Full sales results from yesterday can be viewed by clicking this link.

Published 19 February 2014

By Duane Ranger (Harness Racing New Zealand)

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