A More Than Ready colt brought €58,000 ($77,319 in U.S. funds) to top Arqana’s December yearling sale, which suffered a downturn of 19.6% in gross revenue from a year ago. The auction’s average price declined 14.6% and its median fell 11.1% Dec. 8 in France.
“This year we cataloged and sold 48 more yearlings than last year at the October sale, where the average price was €27,700,” said Arqana president Eric Hoyeau. “Quite logically, the December catalog is of lesser quality as a result, which affects the average and clearance rate. Ideally, we would like to restrict this sale to 200 yearlings and maintain the breeding stock sale over three days so as to avoid to sell during racing at Deauville.”
The December yearling sale’s final results included a gross of €1 million ($1,333,090) for the 160 horses that were sold. The average was €6,250 ($8,332) and the median was €4,000 ($5,332).
The clearance rate was 59.7% (for the 268 yearlings that were offered) compared to 65.6% in 2009.
In addition, 17 yearlings were sold privately for a gross of €98,000 ($130,643). Including the private sales, the auction’s gross was €1,098,000 ($1,463,730), which was down 16.1% from last year’s total that included private sales.
Marc-Antoine Berghgracht’s MAB Agency purchased the sale-topping More Than Ready colt. The chestnut yearling is the first foal out of the Danehill Dancer mare Mary Montagu, who failed to win in her two career races. She is a half-sister to three winners, including Simenon (by Marju), who finished second in this year’s Bet365 Classic Trial (Eng-III) and third in the 2009 Jaguar All-New XJ Autumn Stakes (Eng-III).
Haras d’Ommeel consigned the colt to dissolve a partnership.