The Tattersalls July sale ended its three-day run in England with increases of 1.2% in gross revenue, 5.4% in average price, and 16.7% in median price from last year. The clearance rate for the auction, which was held July 6-8, was 86.6% compared to 80.3% in 2010.
“Trade this week has exceeded all expectations with increases across the board and a genuinely upbeat atmosphere throughout the July sale,” said Tattersalls chairman Edmond Mahony. “Buyers from all over the world have made their usual huge contribution and equally encouraging has been the domestic demand, both flat and National Hunt. The increase in turnover despite a significantly smaller catalog is a very pleasing result and a clearance rate nudging 90% is a remarkable statistic, demonstrating the intensity of the demand at all levels of the market.”
The results included a gross of 5,910,800 guineas ($9,920,150 in U.S. funds) for the 457 horses that were sold (compared to 476 last year). The average was 12,934 guineas ($21,708) and the median was 7,000 guineas ($11,748).
The most expensive horse on the auction’s third and final day was Casual Glimpse, who has won two of his nine career races. The day before he was sold, Casual Glimpse finished second in a one-mile race at Newmarket. Qatar-based owner Mohammed Alattiyah purchased the 3-year-old son of Compton Place for 83,000 guineas ($139,300) from Sir Robert Ogden and will send the bay colt to leading Qatari trainer Jassin Ghazali.
“We hope he will be a good runner (in the future),” said Alattiyah. “We have the Qatar Derby at the end of December in mind for him. We watched him run and finish second at Newmarket yesterday and liked what we saw.”
Casual Glimpse is out of the winning Night Shift mare Glimpse.
The July sale’s third-day results included a gross of 1,893,900 guineas ($3,177,038) for the 152 horses that were sold. The average was 12,460 guineas ($20,912) and the median was 6,750 guineas ($11,328). The clearance rate was 92.7%.