The majority of Arqana's yearlings have now gone through the ring this season, with only the November Yearling Sale's 155 lots left to sell, and indices are positive across a range of categories for the Deauville-based sales company when taken as a whole.
For the first time, more than 1,200 horses were offered, with more than 1,000 of them finding new homes for a clearances rate of 82.7%. The turnover (€80,499,000) and average (€75,871) both increased, while the median settled at €31,000. In addition, 227 (+17%) horses sold for €100,000 or more, up from 193 in 2021. Four horses brought €1 million or more this year, double last year's two. One marked change was the creation of the September Yearling Sale, which replaced and extended the previous v.2 Yearling Sale, with 275 horses catalogued, an additional 100 lots from 2021.
Eric Hoyeau, President of Arqana and Freddy Powell, Executive Director, said of the combined yearling results through Friday, “Each year we reflect on the format of our sales in order to adapt to the offer. Our aim is to ensure that every yearling achieves its best possible value. In particular, we have had to change the v.2 Yearling Sale to accommodate a greater number of horses in September.
“Despite the 150 extra horses sold at the three sales, the market absorption rate remained very satisfactory, testifying to the attractiveness of French breeding at all levels and the quality of the work of our vendors. The 227 yearlings sold for €100,000 or more are further proof of this. We hope that the November Yearling Sale will continue in this vein, as will the Autumn Sale, which this time will welcome the cream of National Hunt yearlings to Deauville.”
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