Media Centre

Arqana increases
market share in 2009

ARQANA increased their market share of all yearling sales held in France, Ireland, Britain, Germany and Italyin 2009 to 27 per cent, a significant rise from the 23 per cent the auction house occupied last year.

Annual turnover, including €3.7million worth of private sales, hit €79.5million, which is second only to 2007, while the cumulated aggregate for the August, October and December Sales set a new record of €51.4million.

Despite the tumultuous economic backdrop that prevailed throughout 2009, each of Arqana's major sales - the Saint-Cloud Breeze Up, August, October and December Sales - ended with increases across-the-board. Particularly strong was the December Sale, which welcomed money from Australia, Japan and Qatar as well as from all areas of Europe.

In addition, the company's flagship yearling sale in August supplied Europe's highest-priced yearling, a Storm Cat half-brother to Electrocutionist who was knocked down to John Ferguson for €900,000.

The August Sale saw more yearlings than ever consigned from Britain and Ireland, and in his end-of-year statement, Arqana president Eric Hoyeau acknowledged the importance of international support, saying: "Arqana's very good year shows that the globalisation strategy applied to both offer and demand has paid. This year again, and on all market segments, new vendors and buyers have placed their faith in the French market. This is the reward for the relentless marketing efforts put up by Arqana's foreign representatives as well as by the FRBC team."

Hoyeau also alluded to the growing levels of French prize-money and the carrot of lucrative premiums, saying: "The strength and rising appeal of the French racing and breeding system is also a major asset for our sales. With continuous growth of prize-money levels and owners recouping an average 56 per cent of their training expenses - one of the best rates in the world - France is more and more seen as the El Dorado of the thoroughbred world and attracts rising numbers of foreign breeders and owners."

As to what 2010 holds for Arqana, Hoyeau remains reasonably confident.

"While the international economic environment remains troubled and hard to foresee, the strength ofFrench racing and of the French bloodstock market should remain a major asset for Arqana," he said. "Moreover, Arqana has gained a ‘confidence capital' that should keep attracting new customers to Deauville and Saint-Cloud."


VISITORS to the August Sale next year will be greeted by a number of improvements at the Deauville sales complex.
From next month, the sales company will embark on the first stage of modernising the complex, starting with an extension to the back of the sales pavilion to provide space for a food hall on the first floor that can seat up to 200 guests and offices for the Arqana sales team and bloodstock agents on the ground floor.

The extension will be structurally completed by August 2010 and the restaurant will open for the December Sale.

"The best expression of our trust in the future is provided by the ambitious works that we are undertaking to enlarge and modernise the Deauville sales pavilion," said Eric Hoyeau.

"These works are part of a major modernisation plan of the Deauville sales complex, which started with the extension of yard C and construction of Pegase yard."

Stage two of the improvements will begin in January 2011 and will include the construction of private lounges overlooking the sales ring and the refurbishment of the sales ring and seats,
Equine access to the ring will also be modified while the pre-parade ring will be redesigned to give horses additional walking space.

 

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