47 bids placed on Qatar Derby hopeful
The three-year-old Aga Khan homebred VEDEVANI set a new milestone for the innovative trade platform Arqanaonline.com when selling for €800,000 to Gérard Larrieu’s Chantilly Bloodstock Agency on behalf of Khalifa Al Kuwari following a 25-hour long, breath taking bidding battle.
25 owners, trainers and agents from continental Europe, Great Britain, Scandinavia, the Middle East, Australasia and America had registered for this rare opportunity to secure a regally-bred, high-rated colt with exciting form and a total of 47 bids were placed by 8 individual buyers. The ‘Extra Time’, which guarantees all bidders a minimum of 20 minutes to place a bid, was activated no less than 23 times with the sale ultimately closing an hour and a half later than initially scheduled.
ARQANA President Eric Hoyeau commented: “My deepest thanks go to all the professionals who registered and had a go at this sale of a new kind, particularly the underbidders from Qatar and Scandinavia who showed a lot of stamina! This is a most satisfactory achievement for Arqanaonline, a ground-breaking venture in which we have invested a lot of time and effort. Creativity is in Arqana’s DNA it is very rewarding to see an innovation be fully endorsed by our clients.”