(Edited Goffs press release)
The Goffs ready to run sale at Kempton in Ireland April 3 enjoyed a 10% increase in gross from a year ago and had a clearance rate of 83%. But the average price and median price declined 6.8% and 10%, respectively.
“Today’s sale was a consolidation of the massive gains made in 2011,” said Goffs chief executive Henry Beeby. “We are more than happy with a very solid trade which all but matched last year’s excellent sale and over the two years the average and median have shown 50% advances. The clearance rate of 83% from a bigger catalog demonstrates the depth of the market and all we probably missed was a six-figure horse, which has resulted in a slight drop in average. However, the 10% advance in turnover is most gratifying and there was a real buzz from start to finish.
“Kempton remains an unrivaled location for a breeze up sale and our new later date this year and last makes all the difference,” Beeby added.
The results of the auction included a gross of £1,795,000 for the 77 juveniles that were sold. The average was £23,311 and the median was £18,000.
Trade was headed by the sale of a Dutch Art– Petra Nova colt. Consigned by Norman Williamson's Oak Tree Farm, the 2-year-old was purchased by David Redvers for £80,000.
A Harlan's Holiday – Hadley colt brought the second-highest price of £70,000. Jane Allison, agent, bought him from Lynn Lodge Stud.