Top Price Of €52,000 On Busy Day For Pinhookers At Goffs November Foal Sale Part 2

Top Price Of €52,000 On Busy Day For Pinhookers At Goffs November Foal Sale Part 2

 

A top price of €52,000 was the highlight of a busy day for pinhookers at Part 2 of the November Foal Sale, a price that surpassed last year’s top lot by some margin.  Tally Ho Stud, the day’s leading buyers, secured the sale topping Fast Company colt (Lot 1381 - pictured) that had been consigned by Collegelands. 

Some other highlights on the concluding day of the November Sale included a son of Footstepsinthesand (Lot 1314) from Ballybin Stud that sold to Woodtown House Stud for €33,000, as well as Glenanore Studs’s colt from the first crop of Estidhkaar (Lot 1414) that was knocked down to Grangemore Stud at €32,000, while Yeomanstown Stud purchased a daughter of Dandy Man (Lot 1507) for €30,000 that was consigned by Cafre Enniskillen Campus.

Click here to view the full results.

At the end of the six day November Sale, Goffs Group Chief Executive Henry Beeby said:

“Everything is relative. Whilst today’s trade could not be described as strong it has moved up a notch compared to yesterday and those foals that were deemed to have residual value have enjoyed keen competition from a large group of pinhookers right up to the very last lot. Today’s top price of €52,000 is a fair bit higher than at last year’s comparable sale and it was perhaps revealing that the clearance rate was two points ahead of Day 1.
 
None of this however should detract from the issues we highlighted yesterday and we recognise the major challenges facing breeders in the current climate. Our commitment is to continue to work tirelessly to provide the best market possible and we continue to invest around the world as we strive to attract the biggest number of buyers to each sale. We appreciate the support we receive from so many breeders and were pleased that the upper end of our Foal Sale earlier in the week enjoyed a strong and vibrant trade for the best with several very happy vendors. That the four day Foal Sale median price held steady is interesting but it must be viewed against a clearance rate that was short of 2017 as well as the fact that last year’s Foal Sale made huge advances so we are still well ahead of 2016 by every measure.
 
The format of the sale is now well established and the addition of the new Barns X, Y and Z to give us an additional 96 stables, taking the total to 762, has been universally well received. They are part of the ongoing programme of investment we continue to make in Kildare Paddocks to ensure it maintains its place as simply the best sales ground for vendors, purchasers and horses. At this point I want to pay tribute to our Facilities Manager, Ger Hennessy and his superb team who literally worked night and day to complete the new blocks whilst at the same time delivering the impeccable service for which we are renowned. Nothing is too much trouble for Ger and his colleagues, and we are lucky to have them on our team”.
 
COMPARATIVE FIGURES
 
Part 2 Foals

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

Top Price (€)

2017

292

195 (66%)

1,604,250

8,227

5,800

39,000

2018

252

154 (61%)

1,033,800 (-36%)

6,713 (-18%)

3,700 (-36%)

52,000

 
Total Foals

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

Top Price (€)

2017

952

730 (77%)

27,137,000 (+35%)

37,174 (+29%)

20,000 (+33%)

1,100,000

2018

917

635 (69%)

21,354,800 (-21%)

33,630 (-9%)

20,000 (-)

350,000