Business Up at Deauville October Sale

Average price increeases 8.1% while median price rises 16.7%.

Arqana’s Deauville October yearling sale closed out its four-day run Oct. 21 in France with increases of 21.3% in gross revenue, 8.1% in average price, and 16.7% in median price from 2009. The auction, which had a new format, began with two select sessions in Part 1 and they were followed by two additional sessions in Part 2.

The 384 horses that sold grossed €10,665,000 ($14,794,400 in U.S. funds) and averaged €27,773 ($38,526). The median price was €21,000 ($29,131), an all-time high for the auction, according to Arqana officials.

The clearance rate for the 525 yearlings offered was 73.1%, up from 71% last year.

Thirty-six horses were sold privately for a gross of €422,000 ($585,394). The gross, including private sales, was €11,087,000 ($15,379,800), which was the second-highest total ever for the auction, according to Arqana officials. The 420 yearlings that were sold, when private sales were included, established an auction record.

During the second and final session of Part 2 of the sale Oct. 21, 51 yearlings were sold for a gross of €760,000 ($1,054,260). The average was €14,902 ($20,672) and the median was €14,000 ($19,421). The clearance rate for the 51 horses offered was 65.4%.

A Manduro – Suedoise colt, which is a member of his sire's first crop, was the most expensive horse sold during the session, bringing €40,000 ($55,488). Markus Nigge purchased the yearling from Haras d’Etreham.

In a joint statement issued by Arqana, the company’s president, Eric Hoyeau, and managing director, Olivier Delloye, said: “The results are very encouraging and show that the October yearling sale has much more to offer than the leftovers of the August session. This is a market in its own right, which relies on the solid French demand as well as on the strong interest that the French racing system raises among neighboring countries, and encourages them to look for French-bred horses. This was particularly evident regarding British and Irish professionals, who were very active despite having already attended a vast number of sales in their home countries.

“We are delighted by the warm welcome that buyers have given to the new format. This change was initiated by the directors of Arqana, and the subject of an in-depth reflection in which vendors and buyers took part. All of them can now be pleased with the success of the sale.”