IN light of the ongoing uncertainty with Brexit, and the announcement at the start of day two of the Premier Sale that the British Prime Minister Boris Johnson was to seek a prorogation of parliament, that fact that the 2019 renewal of the Premier Sale was almost identical in numbers to 12 months ago was a massive relief for the industry.

The sector was also under scrutiny in the weeks leading up to the sale after revelations from a leaked report on sale practices was published.

Trimmed by about 40 lots from last year, the Premier Sale returned a highly satisfactory clearance rate of 89%, with the median rooted at last year’s figure of £35,000. The average advanced slightly, while a new record for a yearling was established.

Another stride forward

Goffs UK managing director Tony Williams summed up the opening two days: “We have enjoyed another very successful Premier Sale and once again we have set a new record top price, £440,000, which followed last year’s £380,000 record.

“Every year this sale takes another stride forward; it continues to evolve and attract new people and it’s something from which we take immense satisfaction.

“The sale has had an amazing year on the track and that’s instilling confidence in everyone to continue to invest in it and its development.

“Our vendors have taken another step up and sent us some superb individuals and the buyers, who have come to us from around the world, are taking things to a new level in the ring.

“The face of this sale is changing but its heart remains firmly focused on the racehorse and it’s something that people are backing and enjoying the rewards that follow.

“We are indebted to everyone who has supported us, and we wish them the very best of luck with their purchases.”