It's closing in on 20 years since Goffs acquired Doncaster Bloodstock Sales and installed Henry Beeby as group chief executive. During that time, the industry has seen booms and busts. In recent months, we have seen a surge in prices at the top end of the flat market and, at the same time, a worrying fall in clearance rates at National Hunt sales.

In a world troubled by war, political upheaval and inflation, nobody really knows what the bloodstock market will do in 2025. Before the new sales season begins, we asked Henry Beeby for his thoughts on the sector and what the future holds for Goffs.