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Goffs NH clearance rate
ends up at 34 per cent


Goffs Decebmer NH sale: final Figures
YEAR CAT OFF SOLD % AGG AV MED
2007 906 683 305 47 2,310,450 7,575 4,800
2008 547 372 126 34 684,000 5,428 4,000


TRADE moved up several gears on the concluding session of the Goffs December National Hunt Sale yesterday but, from a vastly reduced catalogue and like many auctions that have preceded it in recent months, the two day affair finished down on last year.

Twelve months ago 683 horses were offered to bring just over €2.3m while this year 372 came under the hammer (126 sold at a clearance rate 0f 34 per cent) and produced a turnover of €684,000. The average was €5,428 compared to €7,575 in 2007, a fall of 27 per cent, and the median dropped by €800 to €4,000.

A better standard of individual attracted more interest than had been the case on Tuesday but Goffs chief executive Henry Beeby remarked in his end of sale statement:  "The last two days trade for National Hunt stock has graphically illustrated the plight of the industry more than ever. The double whammy of the global financial crisis and overproduction has combined to mean there is simply little or no market for anything other than the best."

"Let's hope that Tuesday's sale was the low point in terms of numbers sold and interest in a catalogue, but Goffs will be taking a long hard look at every catalogue and every sale day for 2009 as it is imperative that we rationalise all our business in the long term interests of Goffs and the wider bloodstock community.

"Today's sale did rally and it is most heartening to see many of the major National Hunt pinhookers inspecting and bidding for the better lots. Their comments reflect a familiar theme as the good ones were deemed to be as hard as ever to buy and they all wanted more of the same."

"Our focus for the December National Hunt Sale next year will very much be on quality rather than quantity and if that results in a significantly smaller catalogue for a while, so be it."

Milan colt brightens up proceedings
Centre stage yesterday went to a Milan colt out of daraheen Diamond belonging to John Bourke who eventually fell to Richard Rohan for €32,000. The son of the St Leger winner attracted the interest of a number of different bidders before the hammer came down in Rohan's favour. The latter's purchase is a half-brother to two very smart winners in Deise Dan and Kimberlite King.

Much earlier in the day Rohan, acting on behalf of an established English client of Ballincurrig House Stud, spent €22,000 on a King's Theatre colt from Yellowford Farm. His dam Moll Bawn is a half-sister to the high-class chasers Ottowa and Calling Brave.

Presenting a popular sire
Predictably there was  interest in a son of Presenting from Steeple Stud who was knocked down to Tom Henry at €29,000. His dam Penny Strong is a half-sister to the dam of the Gold Cup hero War Of Attrition.

Presenting also supplied a colt out of Carry Me, an own-sister to the  smart An Maineach from Ridgeway Paddocks who cost Francis Woods €20,000.

"He's a nice colt from a very good farm and will be back for resale at some stage. He's been bought on behalf of John Roche," reported Woods.

Gerry Hogan: busy in the bidders' ranks
Another €20,000 purchase came in theshape of a Beneficial colt belonging to Jerome Foley while the day's most prolific purchaser, Gerry Hogan, paid €19,000 for the second lot into the ring - a Flemensfirth colt from Ballincurrig House Stud.

"He's been bought for an established client. He's a great mover, the sire is doing really well and there's quite a bit that could happen in the pedigree over the next couple of seasons," commented Hogan.

Yesterday's sale also witnessed the retirement from Goffs, after 13 years of distinguished service as a field agent, of Con Power. Midway through the session proceedings came to a halt as presentation was made to Power on rostrum for his contribution to the company which was both notable and significant. 

 

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TOP TEN

STALLION £ TOTAL PRIZE
Galileo £7,102,959
Dark Angel £2,131,522
Dubawi £2,027,887
Kodiac £1,643,834
Nathaniel £1,509,560
Acclamation £1,451,336
Iffraaj £1,424,781
Sea The Stars £1,403,488
Pour Moi £1,283,277
Invincible Spirit £1,269,209