Arqana Breeding Stock Sale : Smaller catalogue closes with stable overall trend
Photo : scoopdyga.com
The Arqana Breeding Stock Sale market held well despite a smaller offer, with many International buyers around the ring and a strong domestic activity throughout.
(From Arqana Press release) ... With a catalogue reduced by 33 lots and 43 fewer horses sold over the four days of trading, the cumulated aggregate for the 2016 Breeding Stock Sale reached €23,382,500, 12% lower than a year ago. The average, however, kept almost steady at €37,169 (-1.7%) and the clearance rate also held up at 74.8% against 76.6%. ARQANA President Eric Hoyeau commented on the 2016 edition, “This year we had purposely assemble a smaller catalogue, which reflected on the sale’s aggregate. Unfortunately the market proved sticky in the lower tiers, a sign of the return of a degree of overproduction – a reality that has been observed in many other countries this season and must act as a warning for all stakeholders in the industry. On the other hand, there was plenty of appetite for the quality horses, whether fillies, broodmares or foals, for the flat or jumps. The opening day was very lively and we were pleased to welcome as many international buyers as ever including some new faces, while Sunday still saw some strong competition at the higher end of the market, and today French National Hunt bloodlines were once again popular.”
Download full press release by clicking here.
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