Galileo Mare Tops Final Day At November Breeding Stock Sale

Galileo Mare Tops Final Day At November Breeding Stock Sale

Following a day of strong international demand yesterday, Goffs November Breeding Stock Sale concluded with a more subdued final session today that was headed by the Galileo mare Philippa from Croom House Stud (Lot 1062 – pictured).  Dam of four winners including a Group placed filly, she was sold in foal to Fascinating Rock for €27,000 to Paul Nataf.  A few lots earlier, Thomastown Castle Stud’s Lady Heart (Lot 1053), a half-sister to the Group 1 placed Son Of Rest, sold for €26,000 to Cavalier Bloodstock.
 
Click here to view all results for the two day November Breeding Stock Sale.
 
Reflecting on the polarised mare trade over the past two days, Group Chief Executive Henry Beeby said:
 
“In recent years Goffs has been privileged to handle a number of significant dispersals at our November Breeding Stock Sale. Who can forget the amazing atmosphere as Chicquita sold in front of a packed house for a record breaking €6 million whilst the Wildenstein Stables mares also added a real buzz before and during their sale? Last year was another catalogue with plenty of star appeal leading to a top price of €1.9 million.
 
When this year’s edition was launched we highlighted 16 stand out mares that we felt held international appeal and set about promoting them to the widest audience. As it turned out 10 of them were withdrawn from the catalogue and we feel that was the difference when comparing yesterday with 2017. I stress we make no criticism of the vendors as it is absolutely their prerogative whether or not to sell but to an extent it does help explain the big drops in yesterday’s statistics. That said those that stood out and commanded six figure sums enjoyed a vibrant trade as a truly international group of buyers fought it out for the best we presented. In fact the top five lots sold to interests from China, Australia, Japan, Spain and France to clearly illustrate the global appeal of the best at Goffs.
 
Away from the top lots it was a very different story however and I would be deluded not to refer to the stark state of the market beneath the top. Some of yesterday and most of today has proved extremely tough for breeders and we should not underestimate the ongoing challenges the industry is facing. In my 36 years in the bloodstock business I have seen many highs and lows, enjoyed selling in several strong markets and worked through some very trying times. However I have rarely, if ever, seen a trade that is both so strong and so weak at the same time. As we saw on Wednesday with the best foals, and at the Orby, there is an ongoing hunger for the best bred but today is just one of several days in recent months that would give huge cause for concern especially with the ongoing uncertainty of Brexit looming. “Polarised” is an overused description of the market at present but it is very accurate in our view and all we can do is double down on our efforts to seek out new buyers and promote the horses entrusted to us to the widest number of potential purchasers. As ever we are grateful for the support of our vendors, and never more so in such trying times, and our simple promise is to keep endeavouring the repay their trust as best we are able”.
 
 
 
Comparative Figures:  November Breeding Stock
 

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

2017

445

345 (76%)

14,924,450

43,259

15,000

2018

363

233 (64%)

6,285,300 (-58%)

26,967 (-38%)

10,000 (-33%)

 
The November Sale will continue tomorrow at 10am with Part 2 of the November Foal Sale, a sale that saw several pinhooking successes at the 2018 yearling sales.