General News
2 May, 2024
Records fall at auction
TEAM Te Mania’s annual online commercial female sale defied the odds to gross more than $2.5 million in sales this year.
The recent 2024 sale had more than 5000 catalogue views and 132 bidders competing from 15 team members with more than 800 bids, amounting to a market leading demand on the AuctionsPlus platform.
In a sale which was $300 to $500 per head stronger than similar AuctionsPlus female sales, the sale grossed more than $2.5 million to average $1947 for the 1293 lots sold.
Team Te Mania director Hamish McFarlane described the sale as a “vindication that whatever the market, genetic quality always rules”.
“With team vendors from SA, Victoria and NSW, the sale had strong demand through all those states and well into Queensland,” he said.
“Demand from there, and northern NSW, set the pace for the day although buyers did have to compete against strong bidding from other Team Te Mania members, who took a fair piece of the catalogue, which has to be an incredible positive,” he says.
“Cows and heifers to calve in spring were really sought after, with 640 head averaging $1936 with two pens from Susie Chisholm at Adelong, NSW, dominating proceedings at $2470 and $2420.
“Michael and Sallie Carroll from Widgeegonga (Derrinallum) also sold a pen of maxed age cows to calve in spring for $2300.”
Mr McFarlane said eight vendors put up a combined 376 heifers with the best result $2525 for Thring Pastoral (Mandurama, NSW) followed by Duncan Clowes (Milthorpe, NSW) with $2450.
He said Wave Hill’s top price at $2700 came in the cows and calves section, where three vendors had pens.
“The Wave Pastoral cattle went to a fellow Team member after some spirited bidding,” Mr McFarlane said.
“We were delighted to see a strong contingent of previous clients operating on the sale, along with plenty of new buyers and, of course, the outstanding support from a number of Team Te Mania members.
“Once again the Team Te Mania online commercial female sale was a blue-ribbon opportunity to acquire quality replacement, or foundation, females, giving buyers a genetic fast-track to boosting the profile of their own herds.”
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