Fewer horses sold at Karaka but clearance rate up

Tue, 29 Jan 2013

Jan. 30 (BusinessDesk) - New Zealand Bloodstock’s 2013 premier sale wrapped up at Karaka on Tuesday with 323 of the 441 lots sold. The total raised of $51.05 million was $3.085 million less than in 2012, with 27 fewer horses sold. The sale average of $158,054 is a 2 percent increase on last year’s figure, while the median was unchanged at $120,000. The clearance rate of 79 percent was up from 74 percent in 2012. The top price of $1.975 million on the first day was paid by Ireland’s Tom Magnier for a colt by Fastnet Rock from the Peintre Cel...

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