RacingHorse
Trusted Member
A record annual turnover of over €170-million, a rise of 11% from 2015, was the highlight of a positive 2016 for the Goffs Group. Of that turnover, €120,686,343 was generated by Goffs, while £40,807,250 was brought in by Goffs UK (formerly DBS) in its first year under its new banner. Goffs UK was strongly represented on the racetrack in 2016, highlighted by four winners at Royal Ascot, including this year’s Doncaster Breeze-Up joint toppers Ardad (Ire) (Kodiac {GB}) and Prince Of Lir (Ire) (Kodiac {GB}).
“2016 has been a wonderful year for the Goffs Group on so many levels and we are proud to have marked this special year with record turnover and so many highlights,” said Goffs Group Chief Executive Henry Beeby. “For an Irish company to be in a position to celebrate 150 years in business is noteworthy in itself and we are grateful to everyone who has helped us reach this milestone.”
Goffs graduates won two European Classics this year, and the company’s flagship sale, the Orby yearling sale, enjoyed growth in average and median and plenty of new international investors.
Another highlight of the year was the appointment of Goffs to handle the Wildenstein Stables dispersal, which was topped by Classic winner Beauty Parlour (GB) (Deep Impact {Jpn}) at €1.6-million, and her Dubawi (Ire) yearling colt at €1.4-million. The November Sale recorded turnover in excess of €40-million for just the second time.
“For many years Goffs has acted as the gateway to the world for Irish breeders and we were honoured that David Wildenstein and his family chose us to conduct their important dispersal,” Beeby said. “Seeing the top lot in each category sell to three different buyers was a demonstration of their appeal with established heavyweights Godolphin and Shadwell being joined by a major new investor at European sales this year, White Birch Farm from the U.S. That vote of confidence is mirrored by increasing numbers of vendors who make so many Goffs sales their first choice in Ireland and the UK.”
The top draw at the Goffs London Sale was the £1.3-million Jet Setting (Ire) (Fast Company {Ire}), who provided the sale with the UK’s highest-priced horse in training for the third year in a row.
Beeby also recognised the challenges in the market that were apparent this year. “The superb results from the teams on both sides of the Irish Sea clearly show the huge appetite for the best bloodstock from these shores, but it behooves all of us to work together lower down the scale to address the issues that were clearly evident in certain sectors throughout the autumn,” he said. “These problems were flagged 12 months ago and whether “polarised” is the correct description of the market, there is no doubt that commercial breeders face significant challenges in the lower tiers of bloodstock trading as the falling clearance rates at certain sales clearly flagged.”
“Finally, we would like to pay tribute to every member of the Goffs teams, past and present, in Ireland and the UK for their contribution to the company in each of our 150 years,” he concluded. “Goffs is very much about our people and we are proud to work to the highest standards of integrity in everything we do at every sale and in every area. That has proved to be the hallmark of Goffs since 1866 and will only continue.”
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“2016 has been a wonderful year for the Goffs Group on so many levels and we are proud to have marked this special year with record turnover and so many highlights,” said Goffs Group Chief Executive Henry Beeby. “For an Irish company to be in a position to celebrate 150 years in business is noteworthy in itself and we are grateful to everyone who has helped us reach this milestone.”
Goffs graduates won two European Classics this year, and the company’s flagship sale, the Orby yearling sale, enjoyed growth in average and median and plenty of new international investors.
Another highlight of the year was the appointment of Goffs to handle the Wildenstein Stables dispersal, which was topped by Classic winner Beauty Parlour (GB) (Deep Impact {Jpn}) at €1.6-million, and her Dubawi (Ire) yearling colt at €1.4-million. The November Sale recorded turnover in excess of €40-million for just the second time.
“For many years Goffs has acted as the gateway to the world for Irish breeders and we were honoured that David Wildenstein and his family chose us to conduct their important dispersal,” Beeby said. “Seeing the top lot in each category sell to three different buyers was a demonstration of their appeal with established heavyweights Godolphin and Shadwell being joined by a major new investor at European sales this year, White Birch Farm from the U.S. That vote of confidence is mirrored by increasing numbers of vendors who make so many Goffs sales their first choice in Ireland and the UK.”
The top draw at the Goffs London Sale was the £1.3-million Jet Setting (Ire) (Fast Company {Ire}), who provided the sale with the UK’s highest-priced horse in training for the third year in a row.
Beeby also recognised the challenges in the market that were apparent this year. “The superb results from the teams on both sides of the Irish Sea clearly show the huge appetite for the best bloodstock from these shores, but it behooves all of us to work together lower down the scale to address the issues that were clearly evident in certain sectors throughout the autumn,” he said. “These problems were flagged 12 months ago and whether “polarised” is the correct description of the market, there is no doubt that commercial breeders face significant challenges in the lower tiers of bloodstock trading as the falling clearance rates at certain sales clearly flagged.”
“Finally, we would like to pay tribute to every member of the Goffs teams, past and present, in Ireland and the UK for their contribution to the company in each of our 150 years,” he concluded. “Goffs is very much about our people and we are proud to work to the highest standards of integrity in everything we do at every sale and in every area. That has proved to be the hallmark of Goffs since 1866 and will only continue.”
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