Deauville Select Sale Takes A Hit
Saturday, 14 August 2010: Turnover was down 40%, from 19,3 million to 11,5 million, partly due to the lower number of yearlings offered (85 as opposed to 105 in 2009).
The average price slipped by 26% to 175,403 as prices did not reach the same heights as a year ago with only two lots breaching the 500,000 barrier.
However the median held up well at 150,000 and there was a healthy diversity at the higher end of the market with 13 individual purchasers being counted above 200,000.
Arqana president Eric Hoyeau stated: We have witnessed the same trend that was observed earlier this year at Melbourne, Sydney, Hokkaido and more recently at Saratoga.
The quality on offer was as good as last year, yet the market proved difficult and price levels were significantly down.
The diversity of buyers above 200,000 is a positive sign that there is still a lot of appetite for quality yearlings, but the budgets are no longer the same as buyers seem to be setting themselves strict limitations.
The sale highlights included:
A filly by Galileo out of Clara Bow, hence a full sister to the 2007 sale topper Age Of Aquarius at 1,400,000, fetched 600,000 from Charles Gordon-Watson.
Demi O'Byrne paid 500,000 for the Oasis Dream colt is out of Cap Coz, producer of two black type horses to date including the smart sprinter Biniou.
* A colt by Galileo out of an unraced half-sister to the Prix de Diane runner-up Abbatiale was sold for 420,000 to Sir Robert Ogden.
A pair of Galileo colts were purchased by Agence FIPS for 420,000 each. One is out of the Irish champion two-year-old Danaskaya and the other is a half-brother to the stakes winners Mamounia and Maroussies Wings.
* The sole offering from Haras du Quesnay, by Dansili, fetched 400,000 from Charles Gordon-Watson. He is out of Lady Elgar, the dam of multiple G1 scorer Grand Coutourier and Listed winner Yaqeen.