The Grey Panel


October Yearling Sale concludes with figures close to record levels

The final, abbreviated session of the 2018 October Yearling Sale posted consistent results headlines by a 83% clearance rate. The highest price of 37,000 was paid by BBA Ireland for a colt from the first crop of Breeders' Cup Juvenile Turf hero Outstrip, offered by Haras de Beauvoir.

The overall average price for the four days of trading was 40,345, just 3.6% lower than last year's record-breaking figure and the clearance rate was a satisfactory 79%. A slightly trimmed catalogue resulted in cumulated turnover of 18,236,000, 11% down from 2017 yet still the third-best aggregate in the sale's history.

Eric Hoyeau commented on the sale: "From a slightly smaller catalogue, this year's October Yearling Sale posted a set of results very close to the record levels reached over the past two years. The 360,000 paid for a Siyouni filly by leading US owner George Bolton, who was visiting Deauville for the first time, was the second highest price in the sale's history.

A number of other yearlings which combined a commercial pedigree and physical commanded good prices, whether they were bought by fresh investors such as Sheikh Mohammed Obaid, John Foote or regular buyers from Scandinavia, Spain, Germany and all around Europe who had been lucky with their previous purchases. We wish them all the very best of luck for the future.

However, one cannot ignore the contrast between the top and bottom end of the market, a situation that has been observed at several other auctions over the past few months. The buyers' criteria have become as strict as ever, which caused a number of horses to fall through the cracks. We shall take the necessary time and hindsight to review the results and consult with all stakeholders in order to identify what adjustments need to be made. We are also continuously working to bolster our workforce and strategy in order to keep attracting new buyers.

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