Major increases across the board on Day 1 of November Breeding Stock

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Vibrant trade continued at Goffs November Sale today with consistent demand from the off on Day 1 of the Breeding Stock resulting in a clearance rate of 86% and rises of 30% in turnover, 19% in the average price and median was up 28% over the same day last year.

The four year old winning Galileo mare Snowflakes (Lot 997 - pictured) was the star of the show as The Castlebridge Consignment’s own-sister to dual Classic and four time Group 1 heroine Winter, in foal to US Navy Flag, sold to Eamon Reilly of BBA Ireland for €525,000.  

Reiley McDonald of Eaton Sales in Kentucky was one of many international buyers in action today, acquiring several high class mares headed by Qatar Princess (Lot 873) from Linacre House Stud.  Selling for €330,000 to McDonald on behalf of Diane Nagle, the Marju mare is the dam of a Listed two year old winner this year in Flaming Princess and she is a sister to two Group winners in Hawksmoor and Royal Dornoch. 

Eaton Bloodstock also bought the Galileo mare Height Of Elegance (Lot 861) from the Peter Magnier dispersal consigned by Grenane House Stud.  In foal to Caravaggio, the three-parts sister to the dam of Henrythenavigator, sold for €210,000. 

John McCormack secured another of the day’s highlights in Etoile Filante (Lot 950) from Kiltinan Castle Stud for €300,000.  The So You Think mare is a half-sister to the Champion and Classic winning filly Alpha Centauri as well as this year’s Group 2 Debutante Stakes winner Alpine Star and is in foal to Mastercraftsman. 

Broadhurst Agency later went to €230,000 for the Pivotal mare Danseuse D’Etoile (Lot 972), a sister to Listed winner and Group 1 placed Walk In Marrakesh in foal to Fast Company from Mount Coote Stud, while Imad Al Sagar’s Blue Diamond Stud purchased a pair of €200,000 mares in Godolphin’s winning Kitten’s Joy mare Rivercat (Lot 910) out of a Group winning dam and in foal to Raven’s Pass, as well as Kiltinan Castle Stud’s Group 1 Qatar Prix de l’Abbaye winner Gilt Edge Girl in foal to Saxon Warrior (Lot 949).

Significant Gains At Record Goffs November Sale

A record renewal of the Goffs November Sale drew to a close with returns for the week showing significant gains on 2018, including a 25% rise in turnover, 24% increase in average and 21% up on median while the sale set an all-time highest price for a colt foal of €1,200,000 on Wednesday.

Today’s final session featured Parts 2 of both the breeding stock and foal sales and saw good demand for the better lots on offer.  The mares were topped by a Group 1 producer from Ballylinch Stud in Lidanski (Lot 1130), the dam of the Group 1 Prix de l’Abbaye winner Wizz Kid.  In foal to Fascinating Rock, she was purchased by Tullogher House Stud for €32,000.

Looking back on a memorable five days at the November Sale, Goffs Group Chief Executive Henry Beeby said:

"What a week. Goffs November Sale has a rich history and the 2019 renewal is one that only adds to the story in a largely positive way.
 
Our Part 1 Foal Sale set records in every area headed by the world’s highest priced foal of the year so far at €1.2 million. He headed a trade of true strength and depth that reflected the quality of the foals entrusted to us by so many leading breeders who continue to send a bigger share of their best to Goffs. Indeed, our Day 3 sale was a superb representation of the cream of the 2019 foal crop with the very best of Irish foals joined by some notable UK bred youngsters leading to an average of just short of €100,000 and a whole sale median of €30,000. The quality of the catalogue allowed us to make significant advances at every level as we welcomed a wide cross section of pinhookers and end users to Kildare Paddocks.
 
The Breeding Stock Sale also recorded significant gains as an international audience battled it out for lot after lot on Day 1 (yesterday) and that trend continued through to this morning when a 71% clearance rate was returned. This is a sale with a tremendous track record on the racecourse and we have no doubt this year’s graduates will be responsible for their share of top class performers. Of course we would like more as we had several overseas buyers with unfilled orders so our task next year will be to attract a larger catalogue of quality to meet demand as our feedback is that our international visitors love their trips to Ireland and to Goffs as they see quality and value at every level.
 
Whilst the week is a statistical success and the headlines are very positive, it would be naïve of us not to recognise the ongoing challenges facing breeders. We have seen a relentless hunger for the best of the best at Goffs which underlines the enduring appeal of the best Irish bred bloodstock across the globe. However the trends that became clearer at the yearling sales meant that the foal market was increasingly selective for those that the pinhooking fraternity have doubts about for the 2020 sales. The polarisation of the market only appears to be increasing, and the double whammy of Brexit uncertainty and poor UK prize money is making the market tougher for the commercial breeder and trader. As an Auction House we will continue to work tirelessly to deliver the most vibrant market place possible at all levels and a look back at our Autumn Yearling Sale was testament to the hard work of our international network of agents and Irish Thoroughbred Marketing, as reliance on the domestic market would have led to a very different result. However, along with a satisfaction of a good week overall, we will reflect on how we can further improve the market at every level in 2020.
 
For now we extend our thanks to every vendor, as we really are nothing without their horses, and our appreciation and best wishes to each purchaser as both groups have confirmed the Goffs November Sale’s market leading status once again".
 
 
COMPARATIVE FIGURES

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Comparative Figures:
November Breeding Stock Sale, Day 1

 

Offered

Sold

Aggregate (€)

Average (€)

Median (€)

2019

216

185 (86%)

7,699,300 (+30%)

41,618 (+19%)

23,000 (+28%)

2018

215

169 (79%)

5,919,400

35,026

41,618

 

TOTAL NOVEMBER SALE

 

Offered

Sold

Turnover (€)

Average (€)

Median (€)

Top Price (€)

2018

1280

868 (69%)

27,640,100

31,843

16,500

350,000

2019

1,097

873 (80%)

34,452,200 (+25%)

39,464 (+24%)

20,000 (+21%)

1,200,000