Arch Colt Leads Way at Tattersalls

(Edited Tattersalls press release)

Sky Gate, a 3-year-old son of Arch, brought 47,000 guineas to top the Tattersalls February mixed sale in England. Bloodstock agent Hugo Merry, acting on behalf of American trainer Marty Wolfson, purchased the bay colt.

Atlantic Crossing, which owned Sky Gate, consigned him to the auction through trainer Brian Meehan’s Manton House Stables.

Sky Gate, who will be sent to Florida, is the first foal produced from the 9-year-old  winning Touch Goldmare Mista Mayberry, who is a half-sister to stakes winner Markus (by Miner’s Mark). Bred in Kentucky by Frank and Jackie Ramos of Ashleigh Stud, Sky Gate has won one of his four career races.

Ashleigh Stud, agent, sold Sky Gate for $130,000 to Meadowlands Stud at the 2007 Keeneland September yearling auction. In April of 2008, Mocklershill Stables, agent, consigned the colt to the Tattersalls Craven breeze up sale, where he was purchased by Atlantic Crossing for an amount equivalent to $144,839.

Sky Gate and 154 other horses were sold Feb. 5 at Tattersalls for a gross of 707,100 guineas. The average price was 6,547 guineas, and the median price was 3,500 guineas. Compared a year ago when 151 horses were sold, the gross plunged 69.4% from 2,312,400 guineas. The average declined 57.2% from 15,314 guineas. And the median fell 32.7% from 5,200 guineas.

This clearance rate rose from 66.2% in 2008 to 69.7% this year.

“Regardless of the difficult economic climate, we were always going to struggle to match last year’s record figures for this sale,” said Tattersalls chairman Edmond Mahony. “We had a significantly smaller catalog and one which, although commercial enough, lacked real quality and certainly had no individual that was going to challenge the 2008 record top price of 450,000 guineas.

“In addition,” Mahony continued, “we have had difficult weather conditions to contend with, as illustrated by the number of stallions being unable to make the National Stud Stallion Parade. But despite the various obstacles, there has been a cosmopolitan crowd here today. We have sold horses to places as diverse as Kazakhstan, Libya, Lebanon, and Saudi Arabia, as well as the more traditional overseas markets, and online bidders have been active throughout the sale. Domestic demand has been cautious at best, but we have to be realistic in our expectations while the market continues to adjust to the prevailing economic conditions.”