9th Oct 2012
I intended to join in a debate between Bill Oppenheim and Rob Whiteley on the interpretation of the outcomes of the sales from a Profit & Loss perspective but then the news came through that Jackie Grimes passed away while we were at Goffs and we knew there would be one less singer at the post-sale party and one less enthusiast brightening up thecarnival that is the sales circuit.
We also witnessed Tom Twomey topping the sale as a direct result of him sending his cheaply bought Blushing Flame mare to Redback (the result of which, Lahaleeb, allowed for dreams of Galileo). These unconnected events throw your averages and your analysis into the dustbin and remind me that the game is a collection of little stories. Some are tragic and others are glorious. The outcome for most is unrelated to the analysis and in recent years the financial outcome has been grim. That is why the Goffs sale was greeted with such relief and satisfaction.
The ebbing and flowing of the finances makes winners and losers every year. The winners are to be congratulated and the losers hope that it is a temporary setback with dreams of better times ahead. We had no Sabaah or Nebraas yearling this year, but we saw Yellow Rosebud win a Group race on Sunday thereby enhancing the value of Nebraas’s Pivotal filly foal. “So we beat on, boats against the current…”. Our yearlings all sold and we exceeded our expectations which is always a happy event.
The telling statistic from Goffs was that 21 countries bought the yearlings on offer, demonstrating the breadth of this business and reminding us that we are in a stronger position than we might have imagined.