Kiwi Pinhook Winners

Tara Madgwick - Monday February 6
The practice of pin-hooking weanlings from Australian sales into the NZB Yearling Sale Series is one that has proved very lucrative for canny investors in the past, but with a strong Australian dollar the stakes were made much tougher this year.

That said, there were still some good results and many vendors did very well in pin-hooking youngsters from the NZB National Weanling Sale as well, with Savabeel (pictured) providing three of the top 10 best pinhooks.

Bruce and Maureen Harvey of Ascot Farm, did best at this caper from a vendor perspective, selling three of the top four pinhooks.

Best return was achieved by a Savabeel colt from Dancing Brunette that was purchased for $42,500 at the NZB Select Weanling Sale and then made $270,000 at NZB Premier when purchased by DGR Thoroughbreds, yielding a profit of $227,500.

Not far behind in terms of profit was a Fastnet Rock colt from Snake Mary, that was snapped up for $130,000 from the Inglis Australian Select Weanling Sale and made $340,000 when sold by Ascot Farm to the Hong Kong Jockey Club, resulting in a face value profit of $210,000, albeit with a readjustment for the difference between purchase price in Aus dollars to sale price in Kiwi dollars.

Below is a list of the Top 10 Kiwi Pinhooks (Premier and Select) in terms of profit.


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Weanling Sale Price

Vendor/ Yearling Sale Price

Profit

C Savabeel x Dancing Brunette

NZ $42,500

Ascot Farm $270,000

$227,500

C Fastnet Rock x Snake Mary

Inglis $130,000

Ascot Farm $340,000

$210,000

C Savabeel x Primera x Dama

NZ $90,000

Curraghmore Stud $240,000

$150,000

C Magic Albert x Hearth

Inglis $71,000

Ascot Farm $220,000

$149,000

C Northern Meteor x Espuela

MM $40,000