The August Deuville Yearling Sale signed off a fourth consecutive upward renewal as turnover reached therecord figure of €41,456,500 (including private sales), an amount representing an impressive 81% increase since 2005, when the four-day event only grossed €22,842,000.
    The average price also improved from 2008 to reach €114,778 over the four days of selling, while the median registered a significant 7% growth to settle at €75,000. The clearance rate was marginally down at 74%, although this figure must be put into perspective as the number of private sales almost trebled from 12 to 32.
   One of the most striking features of the sale was the amazing depth of the market, particularly at the top-end of the market.  No less than 27 individual buyers were identified for the 50 yearlings that fetched €200,000 or more against 21 a year ago, in a very different environment.
   The number of yearlings that sold for €200,000 or more was 51 in 2008 and only 37 in 2007. In the current context, such resilience from the upper market is truly remarkable.   This reality is stamped by last Friday’s results, the most selective session, as they experienced the biggest increase: turnover up 12% (including private sales) and average price up 11% to reach an impressive €241,987. These figures testify that Deauville can genuinely compete a the highest level.  Speaking at the conclusion of the last day of selling, ARQANA President Eric Hoyeau stated:

“Turnover for this sale has never been down since four years, whatever the environment in which it takes place. Our aim before the sale was to maximise the satisfaction of our buyers and vendors under the current circumstances, and I believe that we got there. We are particularly thrilled with Friday’s session, whose 11% growth evidences the capacity of the Deauville market to play at the top of the international sales circuit.”

Permalink| Aug 19, 2009

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