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November Sale: Records Smashed And Increases Across The Board

A truly outstanding Goffs November Sale concluded with substantial increases across the board and records set for the highest priced foals and mare to ever sell at Goffs.

Turnover for the five day sale increased by42%, average price soared by 31%, median was up 25% while a strong clearance rate of72% was recorded.  Today's final session of Breeding Stock saw turnover, average and median grow by 38%, 63% and 11% respectively.

Reflecting on a spectacular week at Goffs, Chief Executive Henry Beeby said: 

“The modern day Goffs was established to sell the best Irish horses to a global audience and this week has ensured that goal was achieved in some style. 

To establish one record at a sale is always a big deal but to smash both the foal and filly/mare records in successive days is very special and, of course, we are hugely indebted to Jim Bolger for placing his faith in Goffs with his magnificent stock. The atmosphere in the auditorium for the top lots was something quite unique as we sold in front of a full house that came to see some truly world class lots come under the Goffs hammer.

Banimpire’s price of €2.3 million proved a massive point for Goffs as we have always maintained that we will achieve the highest prices possible when we have the quality that appeals to a global audience. That her buyer travelled from Florida for this one mare speaks for itself but also underlines the high respect in which Irish horses are held around the world.

Sea The Stars was the star of the show at this sale last year when we sold the first mares he had covered and he dominated the headlines this week with three of his first crop smashing our foal record. Again a global audience converged on Goffs to get involved with buyers from all over the world competing at the top of the market.  

For both categories the Goffs Team continue to work alongside our friends at Irish Thoroughbred Marketing and it bears repeating that no other country enjoys such a focused approach to international bloodstock marketing. 

These highlights have gained us some very enjoyable headlines and drive home the point we make with mares, foals and yearlings. That is that Goffs will get the best for the best; we just need more top Irish breeders to follow Jim’s example and we will not let them down. 

But the week has been about so much more than the headline lots, starting with a rejuvenated foal trade on Tuesday and finishing with a vibrant market for the lots on offer today. In between there was sustained demand for quality Irish foals and breeding stock as well as a very successful first November Yearling section. 

Yes this has been a very encouraging week, not just for Goffs but for the industry in general. We’ve taken the knocks over the last while but there was a real feeling of positivity from start to finish and it gives us huge pleasure to return some excellent results for the Irish vendors who have supported us. Our hope and our goal is to do more of the same for increased numbers next year”.

STATISTICS

Foals 

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

2010

585

399 (68%)

10,134,900

25,401

15,000

2011

654

496 (76%)

14,423,200 (+42%)

29,079 (+14%)

16,000 (+7%)

 

Yearlings 

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

2011

14

11 (79%)

212,400

19,309

6,000

 

Breeding Stock 

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

2010

497

310 (62%)

5,031,500

16,230

9,000

2011

394

262 (66%)

6,948,200 (+38%)

26,520 (+63%)

10,000 (+11%)

 

TOTAL SALE (5 days) 

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

2010

1082

709 (66%)

15,166,400

21,391

12,000

2011

1062

769 (72%)

21,583,800 (+42%)

28,067 (+31%)

15,000 (+25%)