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Goffs suspends Dundalk breeze-up

FURTHER signs of the rationalisation of the bloodstock market place have arrived with the news that Goffs has suspended its Dundalkbreeze-up sale this year.

The company’s chief executive Henry Beeby said: "In the current climate we couldn’t really justify putting it on. This is a very difficult market that is obviously very selective."

Beeby added that the decision marked a further pruning of the Goffs sales schedule, which was already down by eight days, and that it would now concentrate on its Kempton auction which kicks off the breeze-up season on March 12.

beeby

Henry Beeby: "difficult market"

  PICTURE: Edward Whitaker  

"We are going to concentrate on quality and Kempton is a more quality sale," he said.

"We will review the decision on an ongoing basis – we have had a very good relationship with Dundalk, which has many plus points such as its proximity to Belfast airport.

"It is nobody’s fault but we introduced the sale at the wrong time."

There was certainly little indication of the slump suffered by the bloodstock industry over the last year-and-a-half when the first breeze-up was held at Dundalk’s all-weather racecourse on May 8, 2008.

The debut auction saw 90 juveniles offered and 58 sold for an average of €14,483, a median of €11,000 and turnover of  €840,000. The top lot was a son of War Chant that made €67,000.

Last year, by which point the global economic problems had left its stamp on the bloodstock market, the top lot, by Antonius Pius, made €42,000.

While 60 horses were offered and 42 sold – providing a verysatisfactory clearance rate of 70 per cent – the average fell by nearly €4,000 to €10,920. The median was down by €2,000 to €9,000 and turnover dropped to €459,000.

The increasingsuccess of their graduates in recent years has led to a sharp rise of breeze-up auctions and, even without the Dundalk sale, there will still be seven to be staged in Europe between March 12 and June 4.

 

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