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Arqana Breeding Sale: Final Average Up 10%
In the French auction ring overnight, the 4-day Arqana December Breeding Stock Sale at Deauville concluded with a cumulative aggregate of €17,060,500 (A$23,543m) which was up 24% on last year. The final average of €28,772 (A$39,700) was up 10%, but the clearance rate fell slightly to 71.7% (last year 75%). More than 25 countries were represented on the buyers' sheet - including Japan, Australia, USA, Morocco, Tunisia, Libya (between 80-100 mares), Turkey (around 40 mares), Saudi Arabia, Chile, Brazil, Qatar, the Czech Republic, Slovakia, Denmark & India - and Arqana president Eric Hoyeau commented: "A turnover of €17 million (A$23.5m) is a positive surprise, as it is almost a return to the figures of 2006, which were achieved in a radically different environment - the market was euphoric. Let's not forget that before 2005, this sale did not gross more than €7 million (A$9.7m) per year. This shows that the Deauville breeding stock market has kept growing despite the uncertain environment."