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Saturday 21 October 2017

Recession no hurdle for bloodstock buyers

Kim Bielenberg

Kim Bielenberg

There were few signs of recession in the sales ring at Goffs yesterday as multi-millionaires pushed up average prices of young horses by over 30pc on last year in the early hours of trade.

Some of the leading high rollers of the turf gathered for the two-day Orby Yearling Sale, including Dubai Sheikh Hamdan al-Maktoum and Qatar Prince Fahad al-Thani.

They were joined by seasoned equine connoisseurs, including Queen Elizabeth's racing manager John Warren and top breeder John Magnier.

The excitement came early when a filly from Jim Bolger's Redmonstown Stud was knocked down for €775,000 -- double the price of the top-selling yearling last year.

Bloodstock agent Peter Doyle, who was acting on behalf of a syndicate of owners, bid against the Tetrapak heiress Kirsten Rausing for the yearling.

Although breeder Jim Bolger sold the yearling, he will train it at his stables, and is part of the syndicate of 12 new owners.

The yearling was expected to fetch a high price because her brother Dawn Approach is regarded as the year's best two-year-old.

behind the scenes at Goffs: in your Weekend Review on Saturday

Irish Independent

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