The China Horse Club has moved decisively to bolster its elite broodmare band and ensure it remains well positioned to capitalize on the ever-strengthening Australian thoroughbred industry. Thirteen elite mares, headed by the exceptional Nurse Kitchen and regally bred Inspired Estelle, were secured at the Magic Millions National Broodmare Sale continuing an extensive investment in premium mares over the last four years.
The returns on the club’s early investments into the Australian breeding industry have been rewarding and the China Horse Club is ensuring its members that are participating in its Australian breeding program are uniquely placed to capitalize on the uplift in major yearling markets across Australasia where the average price of the five major sales has risen a staggering 20 percent to 105 percent since 2014.
The growth has been most spectacular at the premium end of the market with the Inglis Easter Yearling Sale this year seeing no less than 65 yearlings sell for AUD500,000 of more, including 17 yearlings that sold for between AUD1 million and AUD2.5 million. Only three years earlier, in 2014, the number of million dollar sales stood at seven.
In 2017, an astonishing 112 yearlings have sold for AUD500,000 or more across Australia’s four major yearling sales. A further nine matched the equivalent sum in New Zealand Dollars at the 2017 New Zealand Bloodstock’s Premier Sale – a 143 percent increase since 2014 where 49 yearlings sold for AUD500,000 or more across these combined auctions.
“We have been very bullish about the prospects of the Australian industry over the last five years and have invested heavily during this time and with some wonderful rewards,” said Eden Harrington, Vice President of the China Horse Club.
“It is hard to recall the Australian thoroughbred industry being more buoyant than it is right now and we see it only continuing to strengthen off the back of a number of important indicators. The work done by our bloodstock division to source some exceptional broodmares will bear fruit for many years to come.”
Over the last three years the median price of thoroughbred yearlings has skyrocketed having made a solid recovery from the global financial crisis prior to this. The robust nature of both the premium market and the middle market has been built on top of enormous depth within the domestic and international buying bench which has been motivated by record prize money levels across metropolitan, provincial and country racing sectors, by positive sentiment and by proactive initiatives such as the creation of Sydney’s The Championships and The Everest.
These 13 new elite mares will join a program that is supporting a collection of outstanding stallions, including some of the most commercial young stallions in Australia.
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