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French Yearlings Average Down 18.9%

Thursday, 23rd October 2008

Overall at Deauville " figures for the Arqana October yearling sale were far from catastrophic considering the current economic gloom," commented racingpost.co.uk. Cumulatively over the 3 days, 358 yearlings sold (71.2% of 503 offered) which was "the worst since the 2004 renewal, when 68% of the offered horses were sold". Total turnover was down 26.5%: from €11,403,000 (A$21.665m) last year to €8,381,500 (A$15.924m) this year. The final average dipped 18.9%: from €28,868 (A$54,800) last year to €23,412 (A$4,400) this year. And the final median fell from €20,000 (A$38,000) to €18,000 (A$34,200). Racingpost.co.uk summed up: "It is testament to this sale's popularity, though, that in spite of the economic climate, the median & average were still the 2nd best in the sale's history. It received strong domestic support, with French-based owners & trainers accounting for the top 9 in the list of leading vendors."

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