Tattersalls Sale Ends With Downturns

Tattersalls’ largest ever horses in training sale finished Oct. 30 in England with downturns even though international trade was strong.

The 19,690,300-guinea gross for the 935 horses sold was down 15% from a year ago. The 21,059-guinea average was down 14%, and the 8,000-guinea median fell 27%. The clearance rate was 78.8%.

The top price during the final session was 65,000 guineas, which was paid by agent Bobby O’Ryan to outbid trainer Gary Moore for smart handicapper Satu (by Marju). The gelding was bought as a jumping prospect to join Irish trainer Eoin Doyle.

"The autumn horses in training sale has made great progress over the past few years with turnover all but doubling in the period 2002 to 2007 from 12 million guineas to 24 million guineas,” said Tattersalls chairman Edmond Mahony. "Naturally, expectations were lower this year given the prevailing economic realities, but with the market at Tattersalls displaying a heartening resilience, we have recorded turnover of almost 20 million guineas, the third-highest in the sale’s history.

"The huge diversity of buyers has always been the unique feature of the autumn horses in training sale, and even in these uncertain times, we have been overwhelmed by an influx of buyers from throughout the world. To have a European record price of 600,000 guineas for a colt in training yet again demonstrates the enduring demand for quality horses even in these testing times and the high clearance rate is a tribute to the global reputation of the autumn horses in training sale.”

"The contribution from our loyal Middle Eastern clients has been immense at all levels of the market, and it has also been particularly encouraging to have seen our new association with William Inglis and the success of recent sale graduates attracting more participation from Australasian buyers than ever before.

"We are also delighted to have sold two lots via our recently introduced online bidding system. The number of people registering to bid online has grown from sale to sale since we introduced the facility, with many of those registered based overseas, including the first successful buyer who is based in Sweden. Tattersalls has long been an innovator when it comes to technology and we are confident that over time bidding online will become more popular and a regular feature of Tattersalls auctions."

In other sale news,Tattersalls’ October yearling auction will end Oct. 31 with the 158-lot Book 4 portion. There will be sessions before and after racing. During last year's Book 4, 94 horses were sold for a gross of 488,100 guineas and an average of 5,193 guineas. The median was 3,200 guineas.
 

COMPARATIVE FIGURES (IN GUINEAS)

Final Session
YEAR      CAT   OFF    SOLD        GROSS         AVG         MEDIAN
2008        440     293     197         1,462,200     7,422      3,900
2007        435     327     225         3,115,500     13,847    6,000
 
Total Sale
YEAR           CAT           OFF      SOLD    GROSS          AVG            MEDIAN
2008            1,709      1,186      935       19,690,300     21,059      8,000
2007            1,613      1,212      950       23,293,200     24,519      11,000

 

 

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