john dwan
Market analysis
John Dwan is continually reassessing the NH bloodstock trade and is now selling most of his stock as foals. We find out more from the man at Ballyreddin Stud
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HE ABILITY TO ADAPT is critical in business and in bloodstock and for John Dwan of Ballyreddin Stud, breeder of Grand National hero One For Arthur and producer of the record-breaking store horse, that meant changing the emphasis of a business that had worked well. “We changed our model here a little bit over the past few years; we would have normally sold up to 15 store horses per annum but six or seven years ago we changed that and now sell the majority of our stock as foals whether they are home bred or bought in France as foals,” Dwan explains of the shift in direction. ““I felt that perhaps the three-year-old market was overheating and there were too many horses being offered and the demand might not continue at the levels. “I felt that the risk was too high. You have one customer for a three-year-old store horse so that if there was any dip in the market that was where it would hit hardest,” is his assessment. “The exposure you have when buying nice foals is anywhere from €25,000 up to John Dwan with Lot 462, top lot at the 2018 Derby Sale. By Milan and out of Monte Solaro the gelding, a half-brother to Altior, made €365,000 bought by MV Magnier. He was pinhooked as a foal by Ballyreddin for €40,000
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