Goffs February Sale posted a much improved clearance ratePICTURE: Edward Whitaker/racingpostpix.com
Beeby sees positive signs in Goffs February trade
GOFFS chief executive Henry Beeby said that "positivity" is returning to the bloodstock market after his company's February Sale posted figures that kept pace with 2010.
While a reduced catalogue produced turnover of €1.8m compared to just over €1.9m 12 months earlier, the sale was boosted by an improved clearance rate of 62 per cent from 50 per cent and a median that rose to €5,000 from €4,000.
Beeby said: "This has been a most positive start to 2011 overall as, much in line with the Arqana sale earlier in the week, we witnessed an improved clearance rate. The general feeling is that some positivity is returning and a corner has been turned although that is naturally tempered by the ongoing selectivity that is driven by a buyers market.”
Read Ryan McElligott's full sale report and market view in Friday's Racing Post - download the NEW digital newspaper from 3am or buy it as a PDF from 9am.