Now is a good time to reflect on the state of the yearling market. I am sure that in August many buyers and vendors were very cautious about the future and trainers were certainly reluctant to speculate on yearlings. However since then confidence has grown and, with each sale, the market has got stronger. In general, buying groups have not changed but there were noticeably new buyers at the Arqana October sale this week. Considering the current political climate all the sales statistics have held up remarkably well.
We were pleased to finish our yearling sale season by topping the Tattersalls Book 3 leader board, headed by our Lope de Vega filly who sold for 100,000gns.
It is so important for us all that the confidence in our product is there. So, going forward with the horses-in-training and breeding stock sales we have every reason to be positive.