(Edited Tattersalls press release)
A daughter of Redback brought the highest price of 210,000 guineas April 16 during the second and final session of the Tattersalls Craven breeze up sale in England. Trainer Tom Tate purchased the 2-year-old filly for Dubai-based owner Jim Hay. Her consignor was Tony and Roger O’Callaghan’s Tally-Ho Stud.
Produced from the 11-year-old unraced Blushing Flame mare Flames, the chestnut filly is a full sister to 2008 Countrywide Steel & Tubes Rockfel Stakes (Eng-II) winner Lahaleeb and a half-sister to another English added-money winner, Precocious Star.
The most expensive colt sold during the final session was a 200,000-guinea son of Kingmambo out of the 12-year-old winning Broad Brush mare Speed of Thought, who is a half-sister to four added-money winners, including 1989 Trenton Handicap (gr. III) winner and 1988 Blue Grass Stakes (gr. I) runner-up Intensive Command and Cajetano, a group I winner in Switzerland. Consigned by Oak Tree Farm, the colt was purchased by Hugo Lascelles Bloodstock. Lascelles said the colt was for an existing client and that the 2-year-old would remain in England. Bred in Kentucky by Flaxman Holdings, the colt was an $85,000 buy-back when consigned to the 2008 Keeneland September yearling auction by Lane’s End, agent.
The Craven breeze up auction ended with a gross of 8,561,000 for the 115 juveniles sold (from 163 offered). The average price was 74,443 guineas, and the median price was 60,000 guineas. Compared to last year, when 116 horses were sold (from the 158 offered), the gross fell 28% from 11,884,000 guineas. The average dropped 27.3% from 102,448 guineas, while the median declined 14.3% from 70,000 guineas.
This year, 20 horses were sold privately for a gross of 752,500 guineas.
“We are all fully aware that 2009 is likely to be testing, but in the context of the current challenging economic conditions, we would have to be satisfied with the results at this year's Craven breeze up,” said Tattersalls chairman Edmond Mahony. “Last year's sale took everyone by surprise producing what could only be described as outlandish (record) figures, which would have been almost impossible to match even without the dramatic economic downturn.
"To have the sale return to the levels of 2007 and 2006, and well in advance of 2005 levels, is no mean achievement and proof that the Craven breeze up continues to attract the leading owners from throughout the world. We have welcomed buyers from throughout Europe and farther afield. Japanese buyers have been active at the top end of the market, and we were delighted to have the Hong Kong Jockey Club making a major contribution at this sale for the first time.
"A clearance rate in excess of 70% (70.6%) compares very favorably with similar sales in the Northern Hemisphere this year and has been another positive. There have also been a significant number of private sales which brings the clearance rate above the 80% mark.”