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Goffs 3-Day Average Up 50%

Thursday, 29th September 2005

As this section of the Goffs Orby Yearling Sale "drew to a close last night, the cumulative average was heading for around €100,000 (A$160,000), more than 50% up on last year," reported racingpost.co.uk. Economist John Lynam commented: "A lot of the extra demand was specific to the sale: that is, as a result of the new Goffs Million race (which offers a €1 million-A$1.6m 1st prize). This has obviously mitigated the effects of the Maktoum boycott of the progeny of Coolmore sires. That boycott has knocked some of the froth off Coolmore yearlings, but it's not catastrophic. However Hamdan Al Maktoum has played a major part in Goffs' renaissance. At last year's Orby he only purchased 3 yearlings for a total spend of €350,000 (A$560,000); in the initial 2 days this week he bought 14 yearlings for €4.4 million (A$7.04m). There is no doubt in my mind that the Maktoums came here to make a statement &, as Ramadan starts next week, they will probably leave Newmarket to their agents." And racingpost.co.uk summed up: "What has also been noticeable this time is the much higher quality of the best yearlings, in terms of both pedigree & conformation, particularly compared with last year's disappointing sale when such horses went to Newmarket."

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