After seeing increases in gross and average at its breeding stock sale earlier this week, Arqana posted losses across the board Wednesday at its December yearling auction in France.
The one-day auction sold 160 yearlings for about $1,320,000, resulting in an average price of $8,250 and a $5,280 median. Compared year to year in the auction currency of euros, the aggregate was down 20 percent, average fell 15 percent, and median was off by 11 percent. The buyback rate increased from last year’s 34 percent to 40 percent.