Back Yourself!
Sign-up and start betting with Ladbrokes in 2 minutes!
Back A Winner with Neds!
Sign-up and start betting with Neds in 2 minutes!
Daily Racing Specials!
Sign-up and bet with Australia's best new bookmaker!
#1 Ranked New Bookie
Sign-up and bet with Australia's #1 ranked new bookmaker!
Best Of The Best Odds!
Bet With Palmerbet and get Paid Top Fluc or Top Tote!
Massive Odds on All Races!
Sign-up and start betting with PlayUp in 2 minutes!
Imagine what you could be buying instead.
Set a deposit limit.
Search
 

A weak Australian dollar has made selling tougher for New Zealand breeders at the premier yearling sale, but local buyers revelled in their new-found power.

Australian buyers usually dominate the locals at the premier sale but this year they could only get $A1.06 to the NZ dollar, much tougher for them than the $A1.25 they got a year ago.

Ultimately it made a difference to the sale, with most of the important selling statistics down.

At the end of the two-day sale, there were 326 yearlings sold at an average price of $NZ144,578, significantly down from last year’s average of $NZ158,054.

The median was also down from $NZ120,000 to $NZ110,000, though the clearance rate of 78 per cent was only one percentage point down from the year before.

Opinions varied about how the exchange rate affected the sale, though for Cambridge Stud’s Sir Patrick Hogan it impacted more at the middle to lower end of the market.

“The well-bred, good quality horses sold – at that end the exchange rate didn’t have such an effect,” he said.

“But at the lower end, at about $NZ120,000 to $NZ140,000, they had no margins.”

The big beneficiaries were the local buyers. They accounted for 42 per cent of turnover, much higher than the 30 per cent in 2013.

None benefited more than leading Waikato syndicator David Ellis, who spent $NZ6.42 million on 35 yearlings.

“It levelled the playing field, and the Australians haven’t got that huge advantage that they’ve had in the past,” he said.

“But having said that, there’s still been plenty of competition on the good horses.”

If the exchange rate remains the same it may make New Zealand buyers more competitive at the Sydney Easter sale, though they are still likely to need to spend much more money than they did at Karaka.

Waikato Stud headed off Cambridge Stud for the first time as leading seller at Karaka, while Australian-based stallion Fastnet Rock was easily the leading sire.

 
*Existing customers only. 2nd Racing bet. Excl SA & WA. T’s & C’s apply. Gamble responsibly.
Imagine what you could be buying instead.
Set a deposit limit.
Featured News

FREE BETS – Claim $1000’s in Bonus Bets at the TOP Betting Sites

We take a look at the BIGGEST and BEST Free Daily Racing Offers and Betting Promotions from Australia’s leading online...

Golden Slipper Likely Field – 2024

The biggest two-year-old race of the year will jump this Saturday in arguably one of the best fields in recent...

Former trainer handed a five-year ban for pulling stewards pants down

Former trainer Todd Balfour has been handed a five-year disqualification by Racing SA stewards after a misconduct incident at the...

Melbourne Cup champion Verry Elleegant passes away

Verry Elleegant, one of the great mares in the history of Australian racing, has died while giving birth to her...

Watch 📺 Jockey banned from all racing premises over ride

Jockey Dylan Kitts has been penalised with a disciplinary officer exclusion directive due to non-compliance with an inquiry regarding his...

Group 1 winner returns positive swab

Racing Victoria stewards are investigating a positive swab from Group 1-winning mare Prowess, the racehorse trained by Roger James and...

Alligator Blood injured, career in doubt

Cult galloper Alligator Blood may have run his last race, with trainers Gai Waterhouse and Adrian Bott confirming the star galloper had...

Nikita Beriman returns to the saddle

July 1, 2023 to January 26, 2024 … that period represents the just shy of seven months that Nikita Beriman...

Australia's Best Betting Sites

New Betting Sites Australia + Top List Bookmaker Apps $$$

Betting in Australia has never been more popular thanks to a large increase in new betting Agencies and Apps available...

Top 10 – Funniest Race Horse Names

Horse racing. Known as the ‘Sport Of Kings’, an industry worth billions, a very serious business…but to some, it’s a...

Best Horse Betting Sites in Australia

Best Horse Racing Betting Apps and Betting Sites – March 2024

We take a look at the best online betting apps to bet on horse racing in Australia for the month...

Golden Slipper

The Golden Slipper is one of the biggest and most prestigious horse races in Australia. Taking place each April at...

Australian Bookmaker Reviews – Online Bookie Ratings $$

Which bookmaker should you bet with? We Review each of the leading online Australian Bookmakers and rate them in order...

 
 
Imagine what you could be buying instead.
For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au