Ibiza's Sun, Liberty, and Space X were the foals that achieved the highest bid in the 2023 Westfalian summer foal auctions in June and July. While high quality foals achieve a decent selling price, many foals did not find new owners as the sellers' reserve price was not met and they were bought back.
Has the Market Cooled Down?
The major breed societies in Germany, not only the Westfalian society, are noticing a considerable drop in prices for foals offered at auctions this year.
Whether the market has cooled down due to inflation and the economic crisis caused by Covid pandemic and the War in Ukraine, or whether to the non-stop (over)flow of foals auction across Europe, or whether price expectations of breeders have become unrealistic (for normal quality foals) are factors that need to be discussed.
"We have to reconsider the direction we have taken in the foal selection for the coming year. For the moment, however, we also want to stick to the line of giving many breeders the opportunity to offer their foals for marketing at our platform," Westfalian auction manager Thomas Münch admitted.
10 July: Ibiza's Sun
Ibiza's Sun (by Ibiza x Dimaggio) was the price highlight of the OnLive foal auction which concluded on 10 July.
Ibiza's Sun, who is bred by Klaus Niemann out of his mare Rusetta TS, was the eye catcher of the collection because of its markings. It sold for 13,500 euro to Bavaria.
The jumper foal Eisprinzessin AK (by Emerald van het Ruytershof) sold for 12,500 euro. Federades (by Fidertanz x Veneno), bred by Lara-Katharina Westebbe, fetched 13,000 euro and will stay in Germany. The Swiss bred Sunny Sky RAK (by Skyline to B x negro) moves to Denmark for 10,000 euro
All other foals in the collection sold for less than 10,000 euro. A Swiss bought Ivy (by Ibiza Dream x Finest) for 6,000 euro, a Dutchman got Majestro (by Morricone x Soliman) for the same price.
Complete results here.
2 July: Liberty
A collection of 25 foals was offered for sale but only 13 of them actually found new owners. The average price for a foal was 7,519 euro.
Bred by Bernd Richter, Liberty (by Las Vegas x Damon Hill) fetched 16,000 euro and will stay in Germany.
The most expensive colt was Escalerio MO (by Escolar x First Selection), bred by Monica Orlando. He sold for 10,500 euro.
Jackpot (by Jovian x Dankeschön) sold for 10,500 euro. Two foals went for 9,000 euro: the palomino Queen of Design (by Qandide x Franziskus) and Die Kleine Daisy (by Don Romance x Diatano).
Pony foal Domspatz (by Weidners Dream Date x Amazing Star) sold for 5,000 euro to Great Britain.
Balia (by Be My Dancer x Zoom) sold for 6,750 euro to Holland, Violetta F (by Vision x Desiderius L) for 5,750 euro to Spain.
Complete results here.
19 June: Space X
The highest price was bid for Space X (by Seret x Benicio), who moves to the U.S.A. for 10,500 euro. Valentine (by Vision x Desperados) goes to Luxembourg for 7,750 euro
The second highest price was bid on D-Day (by Dynamic Dream x Zack) and that was 9,500 euro. Zauberklang (by Zauberlehrling x Hotline) had a top price of 9,250 euro. The other dressage foals went for 7,000 or less.
Complete results here.
12 June: Viva Valentina
The auction of 12 June fared much better with a collection of 20 foals and 17 sold. The average price was 9,441 euro.
Dorina (by Dynamic Dream x Escamillo) sold for 17,500 euro, Valea (by Viva Vitalis x Floriscount) moves to Holland for 15,000 euro and Zauber II (by Zauberlehrling x De Niro) sold to Belgium for 14,000 euro.
Total Joy (by Total Hope x San Amour) sold for 12,500 euro, Marvel WF (by Monte Carlo x Dancier) found a new home in Denmark for 10,000 euro.
Complete results here.