Sales Reports

Spirited trading at DBS Spring Store Sales

26/06/2010

The DBS Spring Store Sales returned a spirited trade across the two days and posted a set of figures that showed an improved aggregate when compared to 2010.

The DBS Spring Store Sales returned a spirited trade across the two days and posted a set of figures that showed an improved aggregate when compared to 2010. The £2,540,950 turnover was an increase of 3% when compared to 2009, whilst the average decreased by 9% to £12,892 and the median decreased by 13.5% to £8,650. The clearance rate was a commendable 71% across the two days.

A son of Old Vic out of the Listed winning Be My Native mare Native Bid was widely expected to take star billing over the two day sale and did not disappoint when realising £100,000 after a final bid was made by David Minton from Highflyer Bloodstock. Consigned by Goldford Stud, the athletic gelding was out of a mare who won the Listed DBS/EBF Mares Only Bumper Final at Sandown for Nicky Henderson and the same trainer will take charge of her the three year old after taking telephone bids from owner Michael Buckley. There was no shortage of admirers with Gearoid Costelloe showing an early interest before Mags O'Toole, who was standing with Eddie O'Leary, was left to play the role of underbidder.

Spring Store Lot 266
The DBS team watch as the Old Vic ex Native Bid sells for £100,000


Goldford Stud was also responsible for the second highest price of the sale when selling a four year old son of King's Theatre for £60,000. The sire has been extremely lucky for Colin Tizzard this year with Cue Card winning the Grade 1 Championship Bumper at Aintree and he also bought a gelding by the same sire from Futurerate Ltd for £12,000.

Progeny of Presenting proved extremely popular over the two days and the leading NH sire was responsible for a three year old gelding out of a half sister to the Listed winning Monger Lane who was offered by Redpender Stud and was knocked down to Mags O'Toole, with Eddie O'Leary doing the bidding, at £57,000.

Kennycourt Stud was another to champion the sire after selling an own sister to the Grade 2 winning Turpins Green to Tom Best for £50,000. The four year old is also out of a half sister to the Grade 2 winning The Cool Guy and will be a valuable addition to the breeding sheds after her racing days are over.

Martaline is an exciting young National Hunt sire for the future and Corristown Stables went to £57,000 to secure a three year old gelding offered by Trickledown Stud whilst Highflyer Bloodstock was active throughout the sale and their spending included by a son of Westerner who was bought for Nicky Henderson for £40,000. Consigned by Trickledown Stud on behalf of Clarendon Park Estate, the imposing three year old is from the family of the Grade 3 winning Grattan Park. The same connections also bought a three year old son of Milan offered by Little Lodge Farm for £40,000.

Spring Store Sales Lot 118
A four year old son of Flemensfirth was sold by Futurerate Ltd for £37,000


Futurerate Ltd offered a high class draft of horses that was topped by a son of Flemensfirth who sold to GH Bloodstock for £37,000. Out of a half sister to the Grade 1 winning Scolardy, the four year old came from the champion's family of Soldier of Fortune and has been bought for an existing client of Gerry Hogan's.

Following the conclusion of the two day sale, DBS Managing Director Henry Beeby said:

'"The good ones will always sell well" has been the most used phrase over the last two days and it certainly proved to be the case that there was no shortage of bidders for the better bred stores. That said we would have to acknowledge that trade has been selective and very much a buyers'a market.

However we do not think there should be surprise expressed at the market as the long term nature of a store purchase, however much pre training work has been completed by the vendor, was always likely to make the commercial National Hunt store harder to sell against the background of such a challenging economy. In these circumstances we would be satisfied with the level of trade although we still have some ground to make up to return to the heights of 2007. The improved clearance rate clearly shows that vendors have taken a pragmatic approach to valuing their stock and we recognise that positive approach to difficult times. It is this kind of attitude that is required in such times and will hopefully return the market to strength.

Every sale needs buyers and all are important but it would be remiss of us not to mention Highflyer Bloodstock who is our leading buyer by quite some margin. David Minton and Anthony Bromley's large client base have made a significant contribution to the trade and their enthusiastic approach at all levels of the market is remarkable.'



Comparative Figures

 OfferedSoldAggregate (£)Average (£)Median (£)
2009 249 171 2,469,000 14,438 10,000
2010 273 194 (71%) 2,540,950 (+3%) 13,097 (-9%) 8,650 (-3.5%)

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