New Sales, Record Foal For Goffs in 2014

NEW SALES, RECORD FOAL FOR GOFFS IN 2014 
A €1.8 million record-priced foal and two new sales were a few of the highlights of a strong 2014 for Goffs. The sales company’s total turnover of €109,670,464 was up 10% from last year, when it was up 45% from 2012. The average for 2,780 horses sold was also up 10% to €39,308. 

“Our turnover of nearly €110,000,000 is the third-best in Goffs’ history, and is only beaten by the Celtic Tiger highs of 2006 and 2007 when we sold around 1000 horses more each year, whilst the average of just under €40,000 sets a record for the company,” said Goffs Chief Executive Henry Beeby. “These statistics represent a remarkable resurgence for Goffs as turnover has grown by 143% in just four years.” 

Goffs also enjoyed successful inaugural renewals of the Goffs London Sale on the eve of Royal Ascot–topped by the £1.3 million 2-year-old Cappella Sansevero (GB) (Showcasing {GB}) and which also included the £1.15 million Crystal Gaze (Rainbow Quest) with her Frankel (GB) colt foal at foot–and the Goffs Champions Sale the morning of the inaugural Irish Champions Weekend. 

Frankel was again the subject of headlines after his daughter out of the champion Finsceal Beo (Ire) (Mr. Greeley) set an Irish record when topping the Goffs November Foal Sale at €1.8 million (click for TDN sale report). That sale generated great gains in aggregate (+52%), average (+41%) and median (+29.4%). 

The Goffs Orby yearling sale also did well to post gains off a stellar 2013 renewal. 

“Our flagship Orby Sale had a hard act to follow after 2013’s 30 year high of €2,850,000 for the yearling that turned out to be Ol’Man River and is one of the winter favorites for next year’s Epsom Derby,” Beeby said. “However a catalogue of unprecedented strength topped by a €1.5 million colt and a €1.1 million filly led to yet more growth with the middle market proving as strong as the top as demonstrated by a 23% rise in median and a superb 87% clearance rate. One of the most pleasing aspects of the sale was record numbers of horses selling for over €100,000, €250,000 and €500,000.” 

Beeby concluded, “We extend a very sincere thank you to our vendors and to the global audience who continue to descend on our sales in increasing numbers as they invest in Ireland’s best at Goffs.”