Sir Patrick Hogan’s Cambridge Stud has unveiled its offerings for the Karaka Yearling Sales online, the first vendor showcase video footage of its 2012 yearling draft.

Spending at this year’s national yearling sales at Karaka was 20% up on the previous year by the time sales wrapped up yesterday.

Seven days of yearling sales saw a total of $93.6 million spent, up 20% on the previous year’s total of $74.9 million, according to minister of racing John Carter.

The final day of the two-day festival session –which wrapped up the seven-day sales series – saw the previous record price broken three times.

Funds transacted in Day Two of the New Zealand Bloodstock sales at Karaka yesterday outdid the success of Day One, with the highest price achieved for a single colt being $2 million.

The colt was by seven-time winner Zabeel, now retired to sire, and was purchased by Sydney bloodstock agent James Bester who bought it for a party he wouldn’t name.

The last time a price that high was achieved in these sales was 2007 when another colt by Zabeel sold for $2 million. In 2008 the highest price for a single colt was $1.4 million, and only $800,000 last year.

The first big New Zealand Bloodstock sale of the year at Karaka yesterday saw 177 purebred horses sold, with a total sale price of $32.6 million up from the $25.8 million netted on day one last year.

The top buyers were Australian. Graeme Rogerson was the biggest spender buying ten horses for $2.18 million, Victoria’s top trainer Peter Moody who spent $1.77 million on 12 racehorses, Patinack Farm spending $1.6 million on six horses and Gai Waterhouse buying four at $1.59 million.