NZ – Hong Kong spend at the sale fell by 25 percent this year
NZB managing director Andrew Seabrook was happy with an ncreasing clearance rate yesterday after a tough start to the sale on
Wednesday, but he admitted that the increasing political tensions in Hong Kong compromised the depth of the buying bench this week.
Hong Kong spend at the sale fell by 25 per cent this year, with buyers from the jurisdiction having spent NZ$7,012,500 at last year’s sale
compared with NZ$5,235,000 over the last two days.
“I think the sale was hurt by the political unrest in Hong Kong. We had people cancel from Hong Kong due to the political situation. When
we wake up (today) we might be over the 75 per cent clearance rate,” Seabrook told ANZ Bloodstock News.