ePrivacy and GPDR Cookie Consent by Cookie Consent

Successful First Live Online Sale At Goffs Autumn HIT


Today's Goffs Autumn Horses In Training Sale, the first fully online live auction to be held Ireland or the UK, enjoyed vibrant trade via the Goffs Online platform and telephone bidding to return a higher turnover and average price than the 2019 renewal, while two lots surpassed the top price of last year.   

 

Top billing went to Godolphin’s Paso Doble (Lot 553 - pictured), a dual winning three-year-old colt by Dawn Approach out of the Group 1 winning mare Baile Me, who sold to Tom Malone for €125,000.  The highlight of a hugely popular draft from HH The Aga Khan Studs was Taramansour (Lot 574).  The winning son of Dansili is Australia-bound having been purchased by JS Bloodstock and Matt Cumani for €105,000.
 
The Aga Khan Studs draft also provided the third and fourth highest prices of the day, with the winning Ruler Of The World three-year-old gelding Alatar (Lot 572) selling to John McConnell for €64,000, and Zarzyni (Lot 577), a winning and multiple Group placed son of Siyouni, going to David Barron for €62,000. 

Click here to view full results.

Reflecting on the sale, Goffs Group Chief Executive Henry Beeby said:

"2020 is proving to be a year of firsts and the overwhelming majority are largely negative caused by the Covid-19 pandemic. However today’s Goffs HIT Sale has been a positive as it has the distinction of being the first live auction conducted purely online in UK or Ireland. Whilst we are not pretending this was by design as we were forced to react to the current restrictions in Ireland, we have been very pleased with the reaction from both vendors and purchasers with plenty of spirited online bidding as well as several telephone bids leading to a very acceptable trade for the catalogue on offer headed by a very respectable six figure top price that comfortably surpassed last year’s and a proper rise in the average price. Indeed, today’s experience has been encouraging enough for us to decide that our Autumn Yearling Sale will also be run as a live online auction in a couple of weeks’ time.
 
We would like to thank those vendors that stood their ground and gave us the chance to prove the worth of our online platform as it was truly a leap of faith for every one of them. We are also very grateful to the large number of purchasers who interacted with us remotely and wish them the very best of luck with their purchases, all of which were offered with veterinary certificates, online films and as much information as we could provide. Indeed, we were overwhelmed by the level of interest with 250 individual registrations to bid online which is quite something for an 86 lot sale.
 
I confess that today was quite surreal in many ways as we auctioned to an empty sales arena but it certainly proved that the bloodstock industry is extremely adaptable which gives us all belief that we will navigate a way through this terrible time".

 

Comparative Figures

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

Top (€)

2019

104

75 (72%)

991,400

13,219

9,000

70,000

2020

86

62 (72%)

1,019,800 (+3%)

16,448 (+24%)

7,000 (-22%)

125,000