Arqana is a Europe

Europe

Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...

an auction

Auction

An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder...

 house that operates horse

Horse

The horse is one of two extant subspecies of Equus ferus, or the wild horse. It is a single-hooved mammal belonging to the taxonomic family Equidae. The horse has evolved over the past 45 to 55 million years from a small multi-toed creature into the large, single-toed animal of today...

 auctions including the Ventes de Deauville, one of the world's largest auctions for thoroughbred

Thoroughbred

The Thoroughbred is a horse breed best known for its use in horse racing. Although the word thoroughbred is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed...

 yearlings held in August of each year in Deauville

Deauville

Deauville is a commune in the Calvados département in the Basse-Normandie region in northwestern France.With its racecourse, harbour, international film festival, marinas, conference centre, villas, Grand Casino and sumptuous hotels, Deauville is regarded as the "queen of the Norman beaches" and...

, France

France

The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...

.

Created by the merger of auctioneers L’Agence Française de Vente du Pur-sang and Goffs France, Arqana is headed by chairman Georges Rimaud. The company's majority shareholder is the Aga Khan IV

Aga Khan IV

Prince Karim, Aga Khan IV, NPk, NI, KBE, CC, GCC, GCIH, GCM is the 49th and current Imam of the Shia Imami Nizari Ismaili Muslims. He has held this position under the title of Aga Khan since July 11, 1957, when, at the age of 20, he succeeded his grandfather, Sultan Mahomed Shah Aga Khan...

, France's biggest thoroughbred owner-breeder. A consortium of French breeders

Horse breeding

Horse breeding is reproduction in horses, and particularly the human-directed process of selective breeding of animals, particularly purebred horses of a given breed. Planned matings can be used to produce specifically desired characteristics in domesticated horses...

 owns approximately 30 percent with the remainder owned by Artcurial, the art auction house subsidiary of the Dassault Group

Dassault Group

Dassault Group, is a French group of companies led by Serge Dassault.Managing directors are Claude Dassault and Olivier Costa De Beauregard.- Subsidiaries :*Dassault Aviation;...

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According to the Bloodhorse Market Watch

Blood-Horse Publications

Blood-Horse Publications is an American multimedia publishing house focused on horse-related magazines.Blood-Horse Publications is located in Lexington, Kentucky. Their book-publishing arm is Eclipse Press...

, the Deauville auction in August is the best place to find Grade/Group I

Conditions races

Conditions races are horse races where the weights carried by the runners are laid down by the conditions attached to the race. Weights are allocated according to; the sex of the runners, with female runners carrying less weight than males; the age of the runners, with younger horses receiving...

winners.