Strong growth reported at Irish Yearling Sales

September 2017 saw the Irish yearling sales at Tattersalls and Goffs produce an increase of eight percent on figures the previous year.

Leitrim Observer Reporter

Reporter:

Leitrim Observer Reporter

Strong growth reported at Irish Yearling Sales

The €1.2million Galileo (IRE) filly after selling to Godolphin at Goffs.

The September Yearling Sale at Tattersalls Ireland in County Meath kicked off proceedings on September 19 and 20, and a buzzing sales complex produced the highest turnover in the sale’s history at €11,451,000; an increase of 12%.

The average and median were also the highest recorded and adding to a landmark renewal were high-profile purchases made by first-time buyers Godolphin, Rabbah Bloodstock and Hong Kong Jockey Club.

Part II of the sale, which took place on September 21, rounded off an ultra-successful week for the County Meath auction house with an all-time high aggregate, average and median. The top lot of €60,000 was also the highest paid in the sale’s young history.

The following week was also a historic one at Goffs in County Kildare, where two seven-figure yearlings wrote their own piece of history for the company’s Orby Sale. The first, a daughter of Galileo (IRE) from Ballylinch Stud, sold for €1.2million to Godolphin, acquiring progeny of Coolmore Stud’s champion stallion for the first time since 2004. The second, a beautifully-bred colt from Marlhill House Stud, sold to US buyer Zayat Stables of American Pharoah fame for €1.6million, and will now become their first horse trained in Ireland by none other than champion trainer Aidan O’Brien.

An exciting two days yielded a sales total of €40.7million (+9%*), with an average price of €109,122 and median of €65,000. It was followed by improved figures at the Sportsmans Sale, which reverted to its successful one-day format, and saw the turnover increase by 5%** to €4,834,500, while both the average and median grew by 7%**.

The strong demand for Irish horses is clear in year-on-year figures, which show encouraging growth of 10% across all Irish thoroughbred sales. CEO of Irish Thoroughbred Marketing, Charles O’Neill, commented: “It was great to see so many local and international buyers at both sales, contributing to very strong clearance rates. The number of first-time buyers is once again a testament to the demand for Irish bred and consigned horses, and hopefully these horses will prove to be champions in the seasons ahead.”

*Not including 2016 Wildenstein Dispersal yearlings
**Compared to Part 1 of the 2016 Sportsmans Sale