Bloodstock

NZ First gets tax change for race horse investors through the gates

[17 May/Stuff] The Government’s first budget saw Winson Peters secure a tax change that means new investors in race horses would be $5 million better off over the next four years. A rule change meant new investors in the industry would be able to claim tax deductions for the cost of horses, even if they...

Sir Patrick Hogan squeezes in one more sales pitch at Karaka – and it works

[31 January/ Stuff NZ] Sir Patrick Hogan has taken every opportunity he has been given over the years, and he made the most of the one he was given when he was being honoured for his forty plus years of leadership in the Bloodstock industry with Cambridge Stud. He took the opportunity to inform the...

Karaka yearling sale gets a makeover

[29 January/Radio New Zealand Business] The Karaka yearling sales have seen some changes this year with the intention of encouraging international buyers to stay longer and spend more.  The sales are the biggest week of the year for the New Zealand bloodstock industry as buyers fly in from around the world to source New Zealand...

Famous Cambridge Stud sold

[29 November/ Radio New Zealand] Champion Breeder, Patrick Hogan has sold his champion stud to Sistema Founder, Brendan Lindsay, and his wife Jo Lindsay. Mr Patrick said there had been strong foreign interest in the stud, but he wanted to wait for the right time and the right buyer. The stud had produced horses that...

Horses fetch $58m at Karaka Premier sale

[31 January/ NZ Herald] The National Yearling sales at Karaka has seen more than $58 million spent on 338 horses.  NZ Bloodstock, the sale organiser, notes that the total value of sales is up around $2.5 million on the previous year.  Sales included $825,000 for a bay colt from Beltana Stud and $610,000 for yearling...

Further increases conclude Fantastic Karaka 2016

[31 January/ New Zealand Bloodstock Media Release] The recent Karaka 2016 Festival Sale has posted an increase in figures, completing a successful National Yearling Sales Series. The Festival Sale aggregate increased by around 7 percent to $3.02 million, while the average sale increased by 10 percent to $16,065. The clearance rate at this year’s event...

Brendon McCullum goes shopping at the Karaka horse sales

[24 January/ Stuff: Sport] Blackcap and Vermair Owner, Brendon McCullum is to buy two new horses at this year’s Karaka horse sales. Mr McCullum said it is great to support the New Zealand bloodstock industry as it is contributing millions to the economy. Mr McCullum added that the country’s horses are the best in the...

China opens up to Kiwi racehorses

[2 January/ NZ Herald] Inner Mongolia Rider Horse Group Founder, Lang Ling said the Chinese horse racing industry offers huge potential for New Zealand breeders. Mr Lang has spent more than $11 million shipping more than 800 New Zealand racehorses back to China to race and breed from. Mr Lang said New Zealand horses have...