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Goffs Yearlings: Tough Times For Vendors
A "glaring lack of demand & quality coupled with the prevailing economic climate gave rise to a dismal renewal of the Goffs Autumn Yearling Sale," summed up racingpost.co.uk. "Expectations wouldn't have been too high coming into the sale, but even so it provided a graphic & stark illustration of the plight that faces those in the lower reaches of an over-supplied market during a time of major financial upheaval. The sale was similar to the opening sessions to some of last year's foal sales, where there was minimal interest in lesser horses, but this lack of demand has become all the more acute in what is now a far tougher economic climate." Goffs chief executive Henry Beeby commented: "The yearling sale has unfortunately been extremely hard work. Concerns about over-production have been aired for some time now & sadly the reality of the issue was seen quite bluntly here. Couple that with the recent world financial downturn & we were always going to be up against it. Frankly, we will have to seriously reconsider the validity of holding this sale in future."