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Massive Gains At Record Breaking Land Rover Sale

A sensational Land Rover Sale concluded today with record breaking figures right across the board.

 

Storming trade yesterday was followed by strong demand on Day 2, resulting in a 40% increase in turnover, 27% jump in average and median price up 17% across the two days.  The clearance rate rose to an excellent 88% for the entire sale – all capped by the new record top price of €215,000.   

Reflecting on the flagship store sale, a delighted Henry Beeby said:

“What can we say?

The last two years of the Land Rover Sale have made serious progress as we increased our investment in this sector of the market and we felt the resultant 2013 catalogue was as good as ever, but nothing prepared us for the extraordinary trade we have witnessed. Yesterday was one of those days that we will remember for some time and I don’t think it is too much to say that it was a market leading performance. The record price of €215,000 was the highlight but the day was about so much more with frenzied bidding at all levels from start to finish. A 91% clearance rate tells its own story and that was backed up by a 33% increase in average and median to take the sale to new heights. The trend continued right through today with more big advances that resulted in the whole sale growing by 40% on the back of a staggering two day 88% clearance rate. Analysis of every sector of the market shows improvement and we were delighted to welcome a mass of buyers from the UK as well as high profile buyers from France and, of course, Ireland. They travelled following a concerted push by the team at Goffs working in harmony with our colleagues at Irish Thoroughbred Marketing that ensured that every visitor was given a welcome like no other and was able to focus on the horses.

And that has been the key to the sales success as there is no doubt that the catalogue was the best we have compiled both on paper and in the flesh. For that we must thank the Irish breeders who have supported the sale with growing enthusiasm and worked with our excellent and focussed team of NH Agents. That our numbers catalogued have remained steady from a significantly smaller foal crop speaks volumes and demonstrates the increasing belief in National Hunt Sales at Goffs. 

We said we were serious about National Hunt and this was, by any measure, a serious National Hunt Sale…”

Cian Hughes and Jim McCartan purchased the top lot on Day 2 when paying €32,000 for a good looking son of Milan () that was consigned by Barnadown Stud for Louise Holohan.  Robin Des Champs was responsible for yesterday’s record breaking €215,000 sales topper and a filly by the sire () sold today for €28,000 to Tom Lacey.  From the family of Wither Or Which and Alexander Banquet, she was offered by Knockmarshal Stables on behalf of Kathleen Wickham.  Nina Carberry meanwhile went to €27,000 for a son of Court Cave offered by Martin Byrne (). 

Comparative Figures

Day 1

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

2012

221

194 (88%)

3,883,100

20,016

16,500

2013

240

219 (91%)

5,832,500 (+50%)

26,632 (+33%)

22,000 (+33%)


Day 2

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

2012

219

174 (79%)

1,621,100

9,317

7,500

2013

226

188 (83%)

1,895,900 (+17%)

10,085 (+8%)

9,000 (+20%)

 

Whole Sale

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

2012

440

369 (84%)

5,519,200

14,957

12,000

2013

466

408 (88%)

7,739,400 (+40%)

18,969 (+27%)

14,000 (+17%)