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Goffs Breeding Stock Final Average Down 27.6%

Monday, 23rd November 2009

Overall at the Goffs November Breeding Stock Sale, 304 lots sold for a cumulative €5,458,500 (A$8.734m) which was down 29.5% on last year’s 312 sold for €7,740,000 (A$12.384m). The final average of €17,955 (A$28,700) was down 27.6% on last year’s €24,807 (A$39,700) & the final median of €10,000 (A$16,000) was down 28.6% on last year’s €14,000 (A$22,400). However the clearance rate of 72% was an improvement on last year’s 63%. Goffs chief executive Henry Beeby commented: “The Goffs November Breeding Stock sale has yet again proved to be a truly cosmopolitan affair, with massive numbers of overseas buyers dominating proceedings headed by our regular visitors from India & Turkey. We have been satisfied with the 2 days trading, with a much improved clearance rate reflecting the buoyancy of the market. While the other statistics may be down, we are not despondent as they reflect a smaller catalogue which has perhaps lacked some of the stars of last year.”

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