Strong Trade

The yearling market has been centered in Ireland the last two weeks, and solid increases have been the theme. Tattersalls Ireland’s three-day sale at Fairyhouse last week was not entirely comparable to the previous year’s two-day sale, but, with nearly 100 more horses sold, the gross was up by more than 25%, and the average even climbed marginally, to €15,303. This week’s two-day Goffs Orby sale Tuesday and Wednesday produced similarly satisfactory returns, building on last year’s big gains to record an 11% increase in gross, to €38.4-million, and an 8% increase in average, from €101,004 last year to €109,234 this week. Just as significantly, a whopping 78.2% of the yearlings catalogued were sold–though that was slightly below last year’s clearance rate of 80.9%. Either way, yearlings in Europe continue to be sold at a significantly higher clearance rate than in America.

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