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Irish Yearlings Final Average Down 8%
Overall at this year's 3-day Goffs Orby Sale (replacing last year's 3-day Goffs Million Sale & 1-day Goffs Sportsman's Sale), 610 yearlings sold for €24,784,600 (A$42.134m) which was down 28.6% on last year's 642 sold for €34,730,000 (A$59.041m). The final average of €49,669 (A$84,500) was down 8% on last year's €54,097 (A$92,000). However the final median of €28,000 (A$47,600) was up 4% on last year's €27,000 (A$45,900). The final clearance rate was 82% (up from last year's 74%). Goffs chief executive Henry Beeby summed up: "Goffs Orby Sale is the showcase for the best-bred yearlings in Ireland & Irish breeders certainly answered our call this year rewarding us with a catalogue of depth, diversity & quality. Given the current economic climate & the results of other recent sales, we are perfectly satisfied with the last 3 days. Kildare Paddocks have never been busier, with many vendors reporting more shows than ever . . . . Our vendors worked with us to provide a group of yearlings that have been universally praised & then took them to the sales ring with the primary target of selling, resulting in an excellent clearance rate of 82% which illustrates a most pragmatic approach against such a challenging back-drop. The declines endured by this sale last year were certainly painful & there is no doubt it has not been plain sailing this week, but to have halted the slide where others have not been able is certainly a relief. . . . . Cutting the numbers inevitably results in a turnover drop for us, but that decision has allowed us to focus on real quality from start to finish, which has led to an average that is within 8% of last year & a median that rose by 11% on Days 1-2 & 4% overall."