[28 January/Radio NZ]

The first day of the annual Karaka bloodstock sales saw almost $11 million worth of yearlings sold, a very positive start to the week. This week, 1284 horses will go under the hammer, with 70 sold on day one at an average cost of $150,000. The highest priced horse on day one fetched $800,000. New Zealand Bloodstock Sales Manager, Danny Rolston, hoped that figure would be topped this week. Savabeel – a sire who has made New Zealand thoroughbred history with a clean sweep of stallion awards for domestic, Australasian and worldwide earnings in each of the past three seasons – fathered 71 yearlings. New Zealand Bloodstock Managing Director Andrew Seabrook said seven of his progeny sold yesterday at an average of more than $250,000 each. Mr Seabrook said there were also cheaper options and buying as part of a syndicate meant it was possible to put as little as $500 into a horse.