Goffs has announced a new improved format for their flagship November Foal and Breeding Stock Sale.
This year’s sale will take place in two parts from Monday 19 to Sunday 26 November. Part 1 will begin with what were traditionally “Day 3” foals, building to a climax on Wednesday when the top tier foals will be offered at the session that regularly sells Europe’s highest priced foals with recent top prices of €1.8 million (pictured), €1.1 million etc. These “Book 1” Foals will total no more than 660 lots meaning all three days will be stabled from the outset which will provide potential purchasers with ample time to inspect prior to the commencement of the sale in a format that mirrors the approach of the very successful Orby Yearling Sale.
The premier breeding stock, the sale which sold Chicquita (€6 million), Banimpire (€2.3 million) and Beauty Parlour (€1.6 million) amongst others in recent years, will sell on Thursday followed by another full day of mares on Friday. Part 2 will feature a further two days of foal sales on Saturday and Sunday.
All foals will be catalogued together with a separate catalogue for breeding stock. There will be a lower entry fee for Part 2 of €460 plus VAT, a €200 reduction on the Part 1 fee.
Announcing the new format for the November Sale, Goffs Group Chief Executive Henry Beeby said:
“This restructuring is a considered decision based on consistent feedback from vendors and purchasers alike. A significant number of buyers have told us that the sale’s traditional format did not give enough time to inspect the better foals. This is a market leading foal sale, as evidenced by it selling Europe’s highest priced foal again in 2016, and the new format will help reinforce its position by allowing these foals to be stabled earlier and provide more inspection time at the beginning of the week which is a proven and successful format.
Additionally, the year on year increases in the level of international investment by end users at the top of the foal market makes it logical to continue to stage the premier breeding stock immediately after the premier foals to capitalise on the global buyer presence at Goffs. The overwhelming majority of Part 2 foal buyers, which were the first two days in 2016, are based in Ireland and therefore the revised format should not impact the level of trade for those sessions.
We have put our customers’ feedback and interests, both vendors and purchasers, at the centre of this decision and have restructured the sale in such a way as to maximise the potential returns for all vendors and give buyers sufficient time to view our superb selection of foals”.
The Irish National Stud offered 30 foals in 2016 and Chief Executive John Osborne is delighted with the new format commenting:
“This sounds like the perfect format, with room for the best foals to show themselves off and opportunities for all”.
Jacqueline Norris’ Jockey Hall Stud is another regular consignor of quality foals and she also approves of the changes saying:
“This is a very good move by Goffs and will make the sale much easier to work for both vendors and purchasers”.