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Maktoum cutbacks count against Deauville opener

Click here to read how the first day's trading unfoldedin Nancy Sexton's blog from the Deauville sale ring

THE FIRST day of Arqana's Deauville yearling sale saw a 41 per cent drop in aggregate on last year's figures and a 27 per cent drop in average price, on a day which saw yearlings by Galileo take four of the top five prices.

With 20 fewer yearlings offered than last year (85 compared to 105) and the clearance rate remaining at 73 per cent, the mood on the ground was far from despondent, although trade wasdescribed by leading vendor Marc de Chambure of Haras d'Etreham as "patchy and selective".

Sheikh Hamdan Maktoum - Owner

Hamdan Al Maktoum: no purchases

  PICTURE: Mark Cranham 

It was impacted by a major dip in Maktoum spending, with Sheikh Mohammed's advisor John Ferguson paying €580,000 for just three yearlings.

On last year's opening day he spent €2.77 million on five yearlings.

Just as significantly, Sheikh Hamdan's Shadwell Stud operation made no purchases yesterday having been leading buyer last season, spending €2.62 million on 12 yearlings on what is widely regarded as the most prestigious session of the four-day auction.

As an indication of a chasm between what vendors were seeking and what buyers were prepared to pay, yesterday's top lot was bought privately for €600,000 after being led out of the ring unsold at €650,000.

 

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TOP TEN

STALLION £ TOTAL PRIZE
Galileo £11,597,622
Dark Angel £3,704,206
Dubawi £3,194,696
Frankel £2,708,934
Kodiac £2,231,181
Acclamation £2,090,548
Iffraaj £2,067,853
Sea The Stars £1,923,734
Nathaniel £1,880,694
Invincible Spirit £1,699,882