Frankel colt tops NZ yearling sale at $1.3 million

The first yearling by racetrack sensation Frankel offered for sale in the Southern Hemisphere was sold for $1.3 million at New Zealand's Karaka sales this week.
The first yearling by racetrack sensation Frankel offered for sale in the Southern Hemisphere was sold for $1.3 million at New Zealand’s Karaka sales this week.

The first yearling to be auctioned in the Southern Hemisphere by Frankel has topped New Zealand’s 2016 Premier Sale at Karaka, with a $1.3 million price tag.

The colt by the world’s highest rated racehorse of all time and out of Our Echezeaux (by Zabeel), catalogued at Lot 445, stole the show with Adrian Nicoll of BBA Ireland landing the final blow after a bidding duel with Peter Moody, on behalf of a syndicate comprising Tom Magnier of Coolmore Stud, Sheikh Mohammed bin Khalifa Al Maktoum from Dubai, the Niarchos family from France and Apollo Ng from Hong Kong.

The colt, offered by Pencarrow Stud, helped drive significant increases to the aggregate, average, median and clearance rate from last year’s Premier Sale.

With 316 horses sold, 18 more than last year, the aggregate for the two-day sale finished at $55,687,500, an increase of 24% from last year and the highest figure for the Premier Sale since 2011.

Colts by Savabeel (by Zabeel)  filled four of the next top five sales, led by a colt from O’Reilly Rose selling for $825,000, the highest price achieved by the stallion at auction, while his Premier Sale gross of $11,545,000 represented over 20% of the Sale aggregate. Those achievements helped set Waikato Stud on the path to their third consecutive leading vendor title, selling 45 horses for $8,257,500. The top price of $775,000 achieved for Lot 200 was a record price for the stud.

Also creating headlines was David Ellis of Te Akau Racing as he became the leading buyer for a record 11th consecutive year at the Karaka Premier Sale. Ellis purchased 17 horses for a total of $4,775,000 with his highest priced purchase coming at Lot 200 for a Savabeel colt from Bling, where he outlaid $775,000 – the top lot on the first day of the Sale.

“This Savabeel colt is quite outstanding, he is one that Te Akau had on the must-have list and to get what you want sometimes you have to exceed your budget,” Ellis said.

The average price for the sale was $176,226 compared with $150,881 last year, another big increase of 17% and the highest average price since 2010. Also increasing by 17% was the median price as it reached $140,000, up from last year’s figure of $120,000. All of these milestones were achieved at a clearance rate of 78%, better than last year’s 75%.

Also getting attention on the first day of the sale was a pure white filly by High Chaparral, who was sold to Japan for $450,000.

The diverse buying bench was underpinned by 12 countries buying horses at the sale including Australia, New Zealand, Hong Kong, Singapore, Ireland, Japan, Macau, Netherlands, United Kingdom, USA, South Africa and Malaysia.

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