Gisborne bull sells for record $100,000

Rangatira Angus Stud's "lot 18" that has been sold for an on-farm New Zealand record price of $100,000.

Rangatira Angus Stud's "lot 18" that has been sold for an on-farm New Zealand record price of $100,000.

A Gisborne bull has entered the six figure mark for the first time at a New Zealand farm sale after making $100,000.

History was made at Charlie and Susie Dowding's, Rangatira Angus Stud bull sale in Muriwai, Gisborne, when Rangatira 13-38 generated feverish bidding and was eventually sold to the Bayly family of Cricklewood Angus, Wairoa.

The rising two year old angus bull - born August 14, 2013 - was lot 18 on the catalogue and was sired by Mt Mable Thor 660 who is a son of the stud's well known Fat Boy, who is still going strong as a nine-year-old.

The previous high price this season was $35,000 for a Te Mania Angus bull at the Beef Expo in May.

Angus New Zealand confirmed the final bid was the highest price paid for a New Zealand bull at an on-farm sale. The sale auctioneer was PGG Wrighston genetics manager Bruce Orr.

Five bulls at the auction made more than $37,000 and all 63 of the bulls offered were sold, reaching an average price of $10,755.

The Rangatira stud was founded by John and Shirley Dowding at Rangatira, Te Karaka in 1960 and Charlie and Susie Dowding have been breeding angus stud cattle for many years, initially as Rangatira Angus.

In 1999, Susie's parents, Colin and Jackie Williams, gave her and her husband the opportunity to farm and breed Kaharau Stud cattle at Coventry Station with the support of Alistair MacPherson and Dollar Maxwell.

This year saw the return of the original stud prefix, Rangatira Angus.

- The number of bulls sold and the average price has been corrected

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