Strong Mare Trade Caps A Great Week At Goffs

A highly successful renewal of Goffs November Sale drew to a close today with figures for the two day Breeding Stock showing considerable advances on those posted last year.

A highly successful renewal of Goffs November Sale drew to a close with figures for the two day Breeding Stock showing considerable advances on those posted last year.  Average grew by 5.7%, turnover rose by 17%, median by 10% and the clearance rate jumped from 66% to 74% over 2011, while the number of six figure lots almost trebled, from 6 last year to 17 this week.

Following an excellent week of sustained demand for foals, yearlings and breeding stock, Goffs Chief Executive Henry Beeby said:

“The Goffs rallying cry for some time now has been that Irish breeders need not travel to sell as Goffs will achieve the very best prices for the best Irish horses. Our only real difficulty has sometimes been attracting the quality that would justify the price.

Last year we proved some massive points in this respect at this sale and none more so than with Europe’s highest priced filly Banimpire who made €2.3 million. Her sale allowed us to promote our Breeding Stock sale on a different basis and attract a significantly better catalogue of mares that we could promote to a global audience. Several major Irish breeders stepped up to the mark with some excellent drafts and we are just so pleased that their faith in Goffs has been richly rewarded by a trade of depth and consistency. That is best illustrated by the number of 6 figure lots rising from 6 last year to 17 at this sale. That those 17 lots were spread across 12 different buyers also points to the wide diversification of buyers who were attracted to the sale by the on-going efforts of the Goffs Marketing team working side by side with Irish Thoroughbred Marketing.

Indeed this year Goffs representatives have travelled the globe to promote our catalogues with trips to the likes of Argentina, Australia, China, Dubai, Hong Kong, India, New Zealand, Qatar, Scandinavia, Singapore, South Africa, USA, all over Europe and endless visits to the UK, not forgetting daily interaction with local buyers, to ensure the Goffs word is spread to any potential purchasers of the excellent Irish horses we promote every day of the year. Those Goffs trips compliment the work of ITM, some of them are joint initiatives and some solo runs but it should be clear to Irish Vendors that they are getting unrivalled promotion from two very proactive teams at Goffs and ITM, now enthusiastically led by Elaine Hatton who has slotted in to her new role so impressively.

At the start of the week it may have been hard to foresee building on a sale that was so impressive last year with the highlights of Banimpire and the highest priced foals in Europe. Whilst those individual highs have not been matched, the 2012 renewal of the Goffs November Sale, for mares, foals and yearlings have all made more significant advances, especially at the top and middle of the market, with the week’s totals all improving. These results follow superb editions of the Orby and Sportsman’s Yearlings Sales where, again, those Irish vendors that sent us their best reaped the dividend.

As ever we are indebted to our international band of buyers and to every single vendor for entrusting us with their stock, whether it made €1,000 or €450,000. Goffs exists to serve the Irish breeder and we will not rest in our quest to persuade more and more to sell in Ireland at Goffs".  

Goffs November Sale - Comparative Figures
 

Foals

Yearlings:

Breeding Stock: 

TOTAL SALE (6 days):