NZB Kiwi Online auction Feb 27

[Hesi]

Will post a link when/if it is available.

If you want to attend in person, then dress code is cocktail, which rules out most on this site lol

[PWJ]

1 hour ago, Hesi said:

Will post a link when/if it is available.

If you want to attend in person, then dress code is cocktail, which rules out most on this site lol

Can we go as a couple ? Jammo has got a tail and I have got a ....  ohh never mind 😆

[Hesi]

2 minutes ago, PWJ said:

Can we go as a couple ? Jammo has got a tail and I have got a ....  ohh never mind 😆

Sounds like?

[Hesi]

Show this classic to Jammo

 

[Hesi]

The Manawatu Sires Produce Stakes being the first qualifying race for the NZB Kiwi bonus, has certainly seen the nominations for the race skyrocket to 54, of which Velocious will be the favourite, but she certainly wont get it all her own way after watching the 2 Matamata races yesterday

[Hesi]

I have highlighted the points of interest

Fierce Competition Awaits The NZB Kiwi

26 February 2024

The Karaka Sales Centre will be set alight next Tuesday 27 February.

The countdown is well and truly on for New Zealand's highly anticipated Slot Auction.

The Karaka Sales Centre will be set alight next Tuesday 27 February, with Australasia’s heavy hitters all looking to secure a spot in the Southern Hemisphere’s richest three-year-old race, The NZB Kiwi.

Held on the newly established Champions Day at Auckland Thoroughbred Racing’s Ellerslie Racecourse, The NZB Kiwi has already generated immense excitement ahead of the 8 March 2025 running.  

New Zealand Thoroughbred Racing (NZTR) Chairman, Cameron George, is thrilled by the hype heading into the Slot Auction next week.

“The buzz surrounding The NZB Kiwi has transformed into an incredible level of interest in the auction, not only from New Zealand and Australia but also from people beyond our borders.”

“We have garnered more than 40 registered bidders, with additional confirmations expected before the auction kicks off next week.

“With only nine slots up for grabs, the anticipation of fierce bidding competition is expected.

“We are thrilled by the diverse interest, with renowned names like Ozzie Kheir, Chris Waller, Gai Waterhouse, Entain and Yulong already hinting at their participation in the auction.

“We can’t wait to see how next Tuesday plays out and are looking forward to partnering with our foundation Slot Holders, as we look to take The NZB Kiwi and New Zealand racing to the next level,” George said.

The NZB Kiwi, announced earlier this year by NZTR, Entain Australia and New Zealand and TAB NZ, is the pinnacle event on NZTR’s revamped summer calendar for season 2024/25.

NZTR Chief Executive Officer, Bruce Sharrock, is looking forward to seeing the next crop of three-year-olds dominate The NZB Kiwi on Champions Day next March.

“Interest in The NZB Kiwi has been incredibly strong to date, with several stables already targeting their current two-year-olds for this race.”

“We have opened eligibility to horses conceived in New Zealand, meaning any mare that has been served by a New Zealand-based sire situated on a Stud Farm in New Zealand at the time of covering will be able to run.

“It’s also open to all New Zealand-breds and horses sold through NZB and its online subsidiary Gavelhouse.com,” he said.

Sharrock also believes the race will take the promotion of the domestic racing scene to new heights.

“We see The NZB Kiwi as a chance to increase the presence of our summer racing carnival on the global stage.”

"The race's promotional, marketing, raceday, and operational endeavours will be self-funded through the proceeds of the Slot Auction, enchancing it over the next three years and beyond.

“The overall goal will always be to ensure that the race gets promoted as effectively as possible and that Slot Holders (especially foundation Slot Holders) get a high degree of exposure in return for their support of The NZB Kiwi,” Sharrock said.

NZTR invites industry participants to join in on the bidding action and attend The NZB Kiwi Slot Auction held at the Karaka Sales Centre on 27 February from 5.30pm.

If you require accommodation for The NZB Kiwi Slot Auction, NZTR has acquired a preferential rate for Auction attendees at the DoubleTree by Hilton Karaka Hotel. To book your accommodation using this rate, please click here.

Full coverage of the TAB Trackside New Zealand Derby Barrier Draw and The NZB Kiwi Slot Auction will be available to view on Trackside 1 (Sky Channel 62) and the TAB Facebook page from 7.00pm onwards.

View more information about The NZB Kiwi here.

[Hesi]

I note also that there has been no announcement of what the Aus bonus races are going to be. 

[Hesi]

Well, that was exciting.........NOT

All 9 slots went for around $700K

[pete]

[richie]

Good to see people like Daniel Nahkle in conjunction with the successful Barneswood Farm,and also  the Clotworthys getting a syndicate together involved.Having the likes of John Chew and Ozzir Kheir can only be a positive.Everybody just seems so.positive and buoyant about the industry at the moment.

[Hesi]

Going to be a very interesting 12 months to see how it all unfolds.  First up in April with Velocious trying to win the first bonus race, the Manawatu Sires

[mardigras]

I'm surprised they went that high. With negotiated entries, the winning stake is likely going to be the only one that can come out on top. 

High prices for a low return. Similar slot prices to The Everest which has far greater payouts.Or does the slot holder get that slot for more than one year without future investment?

Some may not have to negotiate if they have their own horse to enter.

Edited February 27, 2024 by mardigras

[Hesi]

They get the slot for 3 years

[mardigras]

1 minute ago, Hesi said:

They get the slot for 3 years

Without further investment?

[Hesi]

Yes, but I will check

[Hesi]

Adding a new layer of fascination to The NZB Kiwi will be the unique process of allocating the Slot Holders. Interested parties will have the opportunity to acquire a slot in the race, with a number of slots expected to be auctioned off with a minimum reserve price of NZ$450,000 (+ GST if any) – covering the slot entry fees for the first three years of the race. 

[curious]

9 hours ago, mardigras said:

Without further investment?

Yes. That's~the total for 3 years with 450 split over the 3 years and whatever else they bid payable up front.

Results

Average - $691,667

Aggregate: $6,225,000

Median: $700,000

 

Slot 1: John Chew - $725,000

Slot 2: Kerri Spence Bloodstock and Clotworthy Racing - $675,000

Slot 3: Wexford Stables - $700,000

Slot 4: Daniel Nakhle - $675,000

Slot 5: Te Akau Racing - $675,000

Slot 6: Ozzie Kheir - $700,000

Slot 7: Entain New Zealand - $700,000

Slot 8: Andrew Forsman - $675,000

Slot 9: Cambridge Stud - $700,000

[mardigras]

Are the other slots for Racing clubs/NZTR free slots? 

So do I have this correct.

$6.3m in from slot buyers over the 3 years. 

$12m in stake over the 3 years with potential for $3m extra in bonus races.

So potentially payout of $15m. Where does the extra $8.7m come from or is that expected to somehow be made up due to this wonderful promotion that is going to rapidly increase attraction to NZ Racing?

Or will there be additional fees along the way? Or is Entain/NZB stumping up with the cash?

NZB should be the ones who do that, not Entain. Otherwise it is just like the days of when Winston put a bunch of millions into a few races. Which was poorly spent money.

Edited February 27, 2024 by mardigras

[Hesi]

Those figs bid have to have GST added on

[mardigras]

11 minutes ago, Hesi said:

Those figs bid have to have GST added on

GST doesn't matter as that is merely the government using organisations to act as a tax collector.