Following the government's announcement on Monday that New Zealand will go into lock-down due to the coronavirus, New Zealand Bloodstock has decided to cancel the 2020 Karaka May Sale, which was due to take place on May 15.
New Zealand Bloodstock consulted with a number of vendors and buyers, and the auction house found the overwhelming feedback from them was the sale should be cancelled and alternative options should be looked in to.
"Even though the lock-down period may finish in four weeks, it is highly likely that travel and public gathering restrictions will remain in place," managing director Andrew Seabrook said.
"We want to give our vendors and buyers some direction and clarity, thus we have made the call now.
"Gavelhouse.com provides a great opportunity for those clients that still wish to offer their horses to the market. As recent results demonstrate, the success of the online sale keeps going from strength to strength.
"New Zealand Bloodstock is confident that its subsidiary will handle the overflow well."