Originally Posted by
triplev123
G'day The Big Mile,
Mate, just one thing that's worth noting in relation to the Oz Yearling Sale values and in particular, the biggest sale here...the APG as compared to buying going horses out of NZ.
Going horses from NZ are NOT eligible for the APG, NSW Breeders Challenge etc...in fact for the most part they're not eligible for a whole lot at all...and this, combined with a 26-27% & sometimes as high as 30% kick in the Fx means that NZ going horses can be purchased rather advantageously as compared to their Oz bred compatriots.
I don't for one minute doubt that the going concern end of the market here in Oz is more often than not overpriced however to be totally fair you really need to compare apples to apples if you're looking to aim up on relative asking prices.
An Oz bred yearling that's sold in the APG and is eligible for a swag of futurities has one price tag relative to its earning potential while an NZ bred going concern with few if any futurity eligibilities has another.