Article Date: 29-June-2012
Henry de Bromhead secured the top priced lot of the 2012 Tattersalls Ireland Derby Sale when he purchased Lot 462, a gelding by Scorpion out of Fair Present, consigned by Abbey Stables, for €250,000. The trainer was buying on behalf of Alan Potts, owner of Sizing Europe.
The underbidder was M.V. Magnier, who had earlier secured a Presenting gelding out of Victorine from the high calibre family of Morley Street and Granville Again consigned by Castletown Quarry Stud for €150,000.
The two-day sale produced an average price of €28,014, an aggregate of €9,412,750 and a median price of €22,000. From 425 horses offered, 336 lots sold giving a 79% clearance rate.
Last year's average price was €31,586.
John O'Byrne was the sale's busiest buyer, picking up 13 lots for an outlay of €523,000. Alan Potts only bought two - but as he bought the sale toppers from both day one (a Network gelding for €130,000) and day two, the pair cost him €380,000. Harold Kirk and Willie Mullins bought seven horses for €335,000
General manager Roger Casey commented: "Whilst acknowledging it was always going to be difficult to match the somewhat frenetic trade witnessed last year, the 2012 figures closely mirror those achieved in 2011 and were a consolidation on last year’s outstanding returns.
"Over the two days of the Derby Sale, we have experienced a satisfactory level of trade as borne out by the improved clearance rate and the competition for horses has been extremely strong with no less than eight lots making over €100,000.
"To achieve the highest price for a store of €250,000 this year was obviously very pleasing. There was however also tremendous depth to the middle end of the market with 43 lots breaking the €50,000 barrier."
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