Yearling Sale's

[eliteblood]

Fair enough Dan & I understand where you are coming from but I'm talking harness racing only & seriously its getting worse. Someone used the word 'evaporating' not that long ago, I think he may be right...... how can these guys make a living, it can not be easy. More & more will leave because of this & everything else thats going on. Victorian results were 76% compared to our 51%. Even though other states are finding it hard NSW should be declared a disaster zone & marshall law employed.

The sales have been a total disaster for breeders and I expect there will be carnage within the industry as a result. If you take the results of the Sunday sale in Melbourne, the average price was $11,964. That constitutes a loss.
Breaking the results down further
111 (55%) sold for less than $10k - (absolute disaster)
41 (20%) sold for less than $15k - (in almost all cases that would be a loss)
25 (12%) sold for less than $20k - (small profit or loss depending upon service fee)
26 (12%) sold for less than 30k - (in most cases a small profit depending upon service fee)
4 (2%) sold for more than $30k - (a good result for the vendors of these 4 lots)

The figures are flattering because they include buy backs, so 32% of those results would not have been achieved at all. I excluded the $80k top priced buyback from the figures.

Looking at fillies in isolation,
21 failed to draw a bid
43 sold for less than $10k
12 sold for less than $15k
7 sold for less than $20k
4 sold for less than $30k
1 sold for more than $30k

After looking at the service fees of the top 12 fillies, I would suggest that there were only 2 fillies in the whole sale that produced a good profit to their vendors.
73% fall into the category of absolute disaster (<$10k).