The equestrian industry is experiencing an upsurge in business in 2010. After 2 very poor years the Tattersalls Ireland August National Hunt sale seems to have turned the corner. This signals a reversal of fortune for the industry. The Hunt Sale experienced strong trade that was broadly in line with sale levels of 2 years ago. Expectations were low for the sale after a slow start on Tuesday morning; however things picked up considerably in the afternoon, mainly due to the increased quality on offer. The first 6 figure payment of the Hunt Sale was made that day too. There hadn't been a sale of that amount for many years.
The Hunt Sale turnover was double that of the 2009 figure, coming in at a whopping 1.5 million. The Hunt sale catalog was also bigger. Another indicator of success was the 66% increase in the average price paid for things on sale. However it wasn't all good news at the sale as prices still remain a lot lower than previous high years and some vendors still found it a struggle to attract buyers. It was a welcome reverse in the downward trend and long may it continue.
Two animals surpassed the 100,000 mark. The first, a four year old, 'Old Vic' gelding out of the Lismullen Hurdle winner Rose Of Inchiquin, this nice animal made 120,000. The next was a son of another excellent sire 'Presenting', made 110,000. This three year old was purchased as a foal for 50,000. There were many more animals that made nice five figure sums, that one might argue would not have made the same figure last year when the market was in turmoil.
The market, as always was still there for the good looking, athletic, well bred horse, whilst, the lower end of the market did not meet the criteria of many buyers. It was also good to see many of the top Irish trainers at the sale and also encouraging to see many of the UK trainers, these faces were probably attracted by the introduction of the 100,000 Tattersalls Ireland Sales Bumper.
I came away from the Hunt Sale with a positive attitude and had a feeling that the industry had really turned a corner. The industry has been in sharp decline since 2008 and people were desperately looking for a turn in the market. Hopefully, this Hunt Sale represents a turn in fortunes and the equine industry in Ireland can continue to be a prime mover in the bloodstock market.
If you are looking for horses for sale then check out the classified ads on equineworld.ie. Find equestrian equipment, saddles and ponies for sale.
Posted under Horses
This post was written by Gary Duffy on September 3, 2010
