John Galvin attending Karaka Yearling Sales commencing 28th January
FORTUNA Director, John Galvin, as been his custom for the past few years, will be spending the next few days at the annual New Zealand Bloodstock Karaka Yearling Sales, looking for further additions to the FORTUNA team of thoroughbreds.
“My expectation of this year’s sale is that prices will be solid, rather than spectacular, the well presented lots with top pedigrees will sell very well as usual, but there will be excellent buying opportunities for buyers such as FORTUNA,” says John Galvin. ” In particular, I think there will be great buying at the Select Sale, especially with Fillies.”
John’s strategy at this Sales will be to acquire two nicely bred, athletic Colts that have the potential to be competitive in the Classic 3yo Guineas and Derby events plus a nicely bred filly by a top Sire to be aimed at the 2014 Karaka Million event.
A further option this year is to acquire a filly that will go to Singapore to race under the care of Mark Walker. ” This is an idea that Mark Walker has been promoting to me for a while. Not many fillies race in Singapore, but those that do have performed very well as they are well suited by the weight allowance they obtain there. The plan is to buy a nice type at the Karaka Sales, take advantage of the excellent growing and climatic conditions that NZ provides for young horses by breaking her in and giving her a preparation through to trial level, and then transport her to Singapore with the initial aim of contesting the very rich 2yo events run in Singapore from April through to July 2104.”
Readers who wish to register interest with FORTUNA for any purchases he may make at the Sales can contact John directly by cellphone 021 921 460 or email john@fortuna-nz.com
Typically a 5% share in a FORTUNA acquired yearling will be in a price range of NZ$5,000 to NZ$9,000; this initial cost includes ALL initial costs such as purchase of the horse, GST, 12 months insurance costs, Promoters fees plus a healthy amount of working capital. Monthly ongoing costs (commencing April 2013) will be NZ$150 per month per 5% share.