Khalidabad Leads Way at Arqana Summer Sale

The colt was sold privately for 175,000 euros ($219,180 in U.S. funds).

Khalidabad brought the highest price of €175,000 ($219,180 in U.S. funds) during the Arqana summer sale, which was held July 4-5 in France. The auction was conducted in Deauville for the first time.

A 3-year-old son of Nayef and the Linamix mare Khalasha, Khalidabad was sold privately after the fall of the hammer. Consigned by the Aga Khan Studs, he was purchased during the second and final session by Abeth Mussat. The bay colt has won one of his two career races.

Diakali commanded the second-highest price of €160,000 ($201,125). Also consigned by the Aga Khan Studs, he was purchased by William P. Mullins. Diakali is a 3-year-old Sinndar colt out of the Linamix mare Diasilixa. He has finished second once and third once in three career races.

The auction’s results included a gross of €3,863,000 ($4,855,910) for the 198 horses that were sold. The average price was €19,510 ($24,072), and the median price was €10,000 ($12,570). The clearance rate was 74.4%.

Compared to 2011, when 170 horses were sold, the gross fell less than 1%. But the average declined 14.9% while the median decreased 33.3%. Last year’s clearance rate was 70%.

Eighteen horses were sold privately for a gross of €299,250 ($376,166).

When private sales were included, the sale’s gross was €4,162,250 ($5,232,070), which was up 2% from 2011.