A burglary at the Golden Shears on Friday night is "really disappointing" and a blow to Masterton's reputation, said the Shears' master of ceremonies Kieran McAnulty.
Cash, laptops and a "top of the range" shearer's grinder was stolen during the break-in at Masterton War Memorial Stadium.
Mr McAnulty said even some prizes and dresses owned by the presentation girls had been taken.
"Someone's identified the Golden Shears as a rare event that fills up the stadium.
"They took their opportunity."