European Horse of the Year Frankel had his first yearling sire sold today at the Southern Hemisphere as part of New Zealand Bloodstock’s Karaka 2016 Premier Sale. The sire in question sold for NZ$ 1.3 million, or $843, 232 USD.
A combination of parties joined forces to purchase the sire, including Adrian Nicoll of BBA Ireland, who said, “The two best Frankels I have seen have been this horse here and the filly at Goffs that sold for €1.7 million. He’s a lovely horse, he’s got immense presence and we started trying to make this happen about three days ago.”
Frankel sires are quite the draw. His sires accounted of the top average during the Book 1 stage of the Keeneland September yearling sale, with two colts going for an average of $650,000. He also led the way at the Arqana August yearling sale, with six of his sires being sold for an average of $619,582.
This year’s Karaka Premier Sale brought in an aggregate total of NZ$ 36,121,100 during its two day sale. That number is an increase of 24 percent from last year’s sales total, and is the highest sales figure the event has seen since 2011.
Both the average sales price (NZ$ 176,226) and the median sales price (NZ$ 140,000) saw increase in year-over-year from 2015, as well as a boost in clearance (78 percent).
“We are delighted with the results that have been achieved over the past two days,” said New Zealand Bloodstock Managing Director Andrew Seabrook. “An extremely diverse buying bench was active, leading to some great bidding spectacles in the ring.
“We achieved the best average since 2010 and the best aggregate and median since 2011 which shows the depth of the catalog. Credit must go to our vendors for putting together a catalog of great strength and for presenting their horses in immaculate condition.”
The event’s biggest spender was Te Aku Racing’s David Ellis for the 11th year in a row, walking away with 17 horses for NZ$ 4,775,000.