Flood of new money pushes breeding stock prices

“What seemed worth 40,000 guineas was making 70,000” was the way that David Allan summed up the July Sale experience at Newmarket this week. Whilst that made it difficult to buy against existing parameters, it would be churlish to criticise the flood of new Irish and London money being brought into the market in the acquisition of “instant” broodmare assets.

Allan Bloodlines bought less at the sale due to the cancellation of a scheduled flight to Cape Town, but came away with a nice Sadler’s Wells filly for a major SA breeder to be covered in England Southern Hemisphere time. In addition, Allan bought several fillies for hurdling and/or breeding in Ireland and made a speculative Singspiel purchase, soon on-sold.

At the same time, Allan Bloodlines’ South Africa rep Joanne Knowles signed for two in-foal mares at the Sibaya Sale near Durban to fill gaps left by the cancelled flight, bringing the Allan broodmare band in that country to seven plus two fillies from the track to join beore September.

Flood of new money pushes breeding stock prices