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Strong Orby Sale records increased median and clearance rate

29/09/2011

Goffs Orby Sale drew to a close with increases in median and clearance rate days illustrating the strength of demand over the three day sale.

A daughter of Acclamation from Rathbarry Stud (Lot 625) took top billing at today’s Orby part 2 sale when selling to Paddy Twomey for €53,000.  The filly is a half sister to Stakes winner Ceremonial Jade and is out of a winning Danehill own sister to the Group 1 French Guineas placed Firth Of Lorne.  Bought for the Breeze Ups.

A number of horses making the €50,000 mark included Glenspring Farm’s son of Jeremy (Lot 522) who was purchased by Willie Browne of Mocklershill, as well as Ballylinch Stud’s Elusive City filly (Lot 562) out of multiple Stakes winner in Italy My Funny Valentine who was knocked down to Robin O'Ryan.

Commenting at the conclusion of the three day Orby Sale Goffs Chief Executive Henry Beeby said: 

“Steady without being spectacular” is probably the most apt phrase to describe the last three days trade although so many buyers have also commented “the good ones are as hard as ever to buy”.

Our first thought is to thank the Irish breeders who have sent us a superb bunch of yearlings especially to Days 1 and 2. Some significant buyers felt they were the most level collection of quality yearlings we have presented at Goffs for many years and they are testament to the faith placed in the Goffs service by our vendors. There is absolutely no doubt in our minds that they will continue the Goffs tradition of winning at the highest level over the next few seasons and we look forward to following their progress.

We have welcomed increased numbers to Kildare Paddocks with buyers from 20 countries following the focussed work of the Goffs team alongside our partners at Irish Thoroughbred Marketing. Our global work to promote the catalogue is clear evidence that Goffs is, indeed, the gateway to the world for Irish horses and it is heartening that more and more breeders heed our call for the best each year. That so many British trainers converged on Goffs also demonstrates the quality of the catalogue and the enduring appeal of the Irish horse together with recognition of the value and customer service for which we are renowned. 

To some a top price of €350,000 may seem a disappointment after a high of €950,000 last year and it is clear that the average has slipped marginally for that reason but it is noteworthy that the three day median price has risen by 3.4% illustrating the solidity of the market whilst a clearance rate of 79% (up 2 points) is a real triumph in the current climate. The middle market between €50,000 and €200,000 was generally accepted to be the most competitive and that is borne out by the increased number surpassing the €150,000 barrier (25 as opposed to 20 last year). Indeed to trade over €22½ million of horses against the backdrop of the headlines we have all endured in the eurozone countries in recent months is a definite positive and we continue to defy the gloom and doom that seems to dominate so much of our lives at the moment. It is probably also noteworthy that we catalogued more fillies than last year and a greater number of yearlings following a huge demand for places. Those factors may have had some consequences for some of the statistics but Goffs exists to serve the Irish breeder where possible and tinkering with the format of the sale unnecessarily is not going to help those that support us each year.  

Yes, we are perfectly happy with these results. A huge crowd of international buyers battling for the cream of the Irish foal crop; a clearance rate that would stand up to scrutiny in any year; an improvement in the all important median price; a real buzz from start to finish – the Orby Sale is a must for all serious buyers of the Classic racehorse and we wish each buyer the best of luck on the track, safe in the knowledge that we will be cheering every win home as if they were our own.

Click here to view full results and statistics for Goffs Orby Sale.

Orby Sale 2011 Comparative Figures 

Whole Sale (3 days) 

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

2010

610

467 (77%)

22,322,500 (-10%)

47,800

29,000

2011

614

487 (79%)

22,522,500 (+1%)

46,247 (-3%)

30,000 (+3.4%)

Days 1 and 2 

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

2010

388

305 (79%)

19,952,000

65,416

45,000

2011

414

333 (80%)

20,494,000 (+3%)

61,544 (-6%)

42,000 (-6%)

 

 

 

 

 

 

 

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