SBSR Delighted With Result
Now that the dust has settled and the numbers have been crunched, the Southern Reared Southern Reared group can properly reflect on their remarkable results at last month’s New Zealand National Standardbred Yearling Sale in Christchurch.
Once again the group produced the sale topper in Moet Shard owned by Mark and Debbie Smith of Shard Farm and prepared by Debbie.
The outstanding colt by Bettor’s Delight out of eleven win Christian Cullen mare Pemberton Shard was knocked down to first time buyer Graham McClintock for $280,000.
It was the second time the Smiths and Pemberton Shard have topped the Christchurch sale. The mare’s first foal The Shard, a full-brother to Moet Shard, sold at last year’s sale for $170,000.
Mark Smith spokesperson for SBSR said the groups clearance rate was 82% compared to the national figure of 78%.
“If you take a group of 55 horses to the sale and sell 82% you have to be happy,” he said.
The SBSR average was $49,320.00 compared with the national average of $44,870.00 and five SBSR lots sold for $100,000 or more.
Smith says one of the most pleasing things in the final analysis was the fact that 53% of the buyers who participated in the SBSR tour purchased one or more SBSR horses at the sale.
“The tour we had in 2020 was the best. The buying bench that came on the tour was fantastic. Although 53% bought, which was great, we also had a few under bidders like Barry Purdon who was the under bidder on Republican Party which sold for $210,000. We see that as a great success as well.”
Smith says the main concern for SBSR and the National Sale is the middle market.
“I think the whole industry has to look at how we promote the cheaper priced stallions.”
The SBSR results compare favourably with last years numbers when the group had 47 yearlings at the sale which grossed $2,065,500 for an average of $43,946.00. Five lots sold for $100,000 or more.
It’s interesting to note that the top five lots in 2019 sold a total of $650,000 compared to 2020 when the top five SBSR lots sold for $915,000.
At this year’s sale SBSR vendors featured in the top ten with Shard Farm at the top with an average of $97,250 from the eight yearlings they offered. The White Stable offered three yearlings for an average of $61,667 and they were the fifth top vendor while Arden Lodge which sold seven yearlings for an average of $35,429 was in seventh place.
Top Southern Bred Southern Reared lots in the 2020 sale were; Moet Shard (Debbie and Mark Smith – Shard Farm) $280,000, Republican Party (Katrina and John Price – Price Bloodstock) $220,000, Dream Breaker (Vin and Daphne Devery – Shard Farm) $160,000, Strength And Honour (Paul and Mandy Pierce – Braeview Limited) $150,000 and Let’s Fly Together (Lex and Heather Williams – White Stable).