Record Clearance in Latest gavelhouse.com New Zealand Auction
Breednet - Media Release - Tuesday, 7 March 2017
A clearance rate of 86% and turnover of just over $100,000 in the most recent gavelhouse New Zealand fortnightly online auction highlights what a valuable addition to the thoroughbred trading landscape the site is.

In less than 12 months in business as an online auction site, a total of 312 horses have sold via gavelhouse.com New Zealand while over $1.9million worth of bloodstock has changed hands.

"As we approach our first birthday we're thrilled with the results we are consistently achieving for our users whether it be exceeding price expectations or just providing an avenue for people to cut costs and move horses on in a more timely manner," commented Sales and Marketing Manager Haylie Martin.

"Our user-base is still growing exponentially and it's great to see people right across the age spectrum getting confidence in buying and selling online."

Of the 32 Lots sold last night, the highest price paid was $20,000 for a quality two-year-old colt (pictured) by champion sire O'Reilly. On account of Brighthill Farm atLot 8, he is from the Redoute's Choice mare Baheeya who is a half-sister to Group One place-getter Solid Choice.

Having suitably impressed buyers in his two trials to date there was plenty of competition on him with the winning bidder planning to race him in New Zealand.

Other highlights included Brighthill Farm'sLot 1, a weanling colt by Dalghar, fetching $9,500 to Hallmark Stud whileLot 11, a two year old Zed gelding on account of The Oaks Stud, andLot 31, a three-in-one package, both fetched $8,000 each to a Singapore-based buyer who took home a total of 11 lots on the night.

View full results hereand to make an offer on any of the passed in Lots, contact the gavelhouse.com NZ team viainfo@gavelhouse.comor 09 296 4436.

Entries for the next NZ auction are now open and will close at 7pm on Monday 13 March. The catalogue will go online at 5pm (NZ time) on Tuesday 14 March with bidding set to close from 7pm on Monday 20 March.



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