Siyouni Share Sells For 355K

A 1/50 share in leading sire Siyouni (Fr) (Pivotal {GB}) sold for €355,000 to an undisclosed British-based breeder on Arqana’s online platform, arqanaonline.com, with the sale closing Friday. A total of 39 breeders and agents from France, the UK, Ireland, the U.S. and Australia registered for the sale and 31 bids were placed throughout the 24-hour sale window.

“This is a very satisfying outcome that follows on the successful sale of a share in a trotting stallion,” said Arqana’s President Eric Hoyeau. “It was a thrilling auction that attracted a tremendous amount of interest, including from several people who had never bought stallion shares before or do not already breed in France. The advantages that we had imagined for this ground-breaking tool all materialized: it gave the share a truly global exposure and attracted a broader clientele than it would have in a traditional sales ring. The timing proved appropriate, allowing all interested parties sufficient time to take part, and all the bidders proved perfectly at ease with the online bidding process. Arqanaonline.com is really proving an incomparable service to value a stallion share and we are looking forward to hosting more online sales in the future.”