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Seventy-eight bulls were offered; 77 of them sold at an average price of $9753 and the highest price was $21,000.
"We had a pretty good sale in what seems to be a down market.
"Far less bulls are being sold this year compared to 2019 and I assume it has something to do with people taking care of their finances in an unpredictable future," Mr Hargreaves said.
"Farmers are taking good care of the stock they already have. A $7000 average was thought to be good four years ago, so with our $9000 average, we are quite happy."
It was Kakahu’s first use of online auction platform Bidr.
While no bulls were sold using the website, Mr Hargreaves recommended its use.
"We expect to use the online auction for a hybrid type sale in future, having some people keen to come down to the farm and some checking in from their computer.
"Hopefully as time goes on more adopt it, as it does create more opportunity for buyers and sellers."
The stud is based on a 1200ha property just south of Geraldine.