BBAG sale in keeping with economic declines
THE three-day BBAG Autumn Mixed Sale held at Baden-Baden concluded on Saturday with the figures, as expected, much reduced compared with last year's sale.
Of the 353 lots offered, 250 found new homes at a clearance rate of 73 per cent. The executive from the sales company announced that it was satisfied with that result but the turnover of only €1,582,700 must have been disappointing as it was little more than half of the 2007 figure, whilst the median of €5,895 and average of €6,110 fell by a third compared with last year. A frighteningly large number of lots were knocked down for €3,000 or less, prices guaranteeing their owners a considerable loss.
The highest price was realised in Thursday's opening session when the Big Shuffle two-year-old colt Turgenjew was sold for €67,000 by the executors for breeder Peter Baron von Kap-Herr. Trainer Hans-Jurgen Groschel, who bought the colt for a syndicate of owners, said: "We think this is a smart racehorse and we did not want to lose him."
Four further lots fetched €35,000 or more, all of them yearlings. Stall Salzburg paid €48,000 for a Country Reel colt out of a Primo Dominie Listed winner, Gestut Brummerhof went to €43,000 for a Sinndar filly bred by Union-Gestut, and were vendors themselves of a Kahyasi colt who was sold to Union Gestut for €38,000.
A Ransom O'War colt was consigned by Gestut Fahrhof was sold to a Slovak buyer for €35,000.
Fahrhof was the sale's leading consignor, selling 11 out of 13 lots for €120,000, while Union-Gestut sold all their six for €101,000. Leading buyer was Swiss agent Chris Richner who picked up 20 lots for €89,500, mainly for Czech and Slovakian clients.
German purchasers were responsible for about two-thirds of the purchases and buyers from Central and Eastern Europe were very active in the lower levels.