Tatts Book 3 Suffers Big Declines

Book 3 of Tattersalls’ October yearling sale finished in England Oct. 17 with a 10,389-guinea average price, down 33% from last year, and a 7,000-guinea median price, which represented a 36% decline. The 271 horses that sold (from 414 offered) grossed 2,815,300 guineas.

The most expensive yearlings sold on the final day, when morning and evening sessions were conducted, were a Bahamian Bounty – Soviet Terms colt and a Titus Livius – Honey Storm colt that brought 40,000 guineas apiece. Rabbah Bloodstock purchased the son of Bahamian Bounty from Genesis Green Stud. David Elsworth signed the sale ticket for the son of Titus Livius, which was consigned by Rathasker Stud.

"Putting this year’s Tattersalls October yearling trade into context,” said Tattersalls chairman Edmond Manony, “the total spend through Books 1 to 3 has been just over 72 million gnuineas, which, although a fair way below the record-breaking 2007 and 2006 figures, places it only marginally below 2005. Bearing in mind the current economic climate, the industry can be satisfied with the resilience of the market when one considers that the FTSE and other stock markets are currently around 30% lower than their autumn 2005 levels and we hover on the brink of recession.

"The 72 million guineas has, however, been spread more thinly than in 2005. In addition to the very different economic conditions, another major change between the 2005 October yearling sale and this year’s is the number of yearlings being offered. Between Books 1 to 3 this year we have catalogued 1,942 yearlings whereas we catalogued 1,556 for the equivalent sales in 2005. Even in last year’s market the weight of numbers had begun to take its toll and with a backdrop of global financial turmoil we could not expect to come close to such figures.

"What we have seen, however, has been sustained demand throughout Books 1 to 3 for quality individuals and for that we should be grateful. Yes, the market has been selective, and yes, it has adjusted significantly, but the Book 3 clearance rate has been higher than last year and the better yearlings have attracted plenty of attention.

"Recent promotional visits to smaller markets such as Serbia have paid dividends and in these testing times we will continue to spread the net as far and wide as possible exploring new markets and maintaining existing ones, in conjunction with British Bloodstock Marketing."


Final Day, October Book 3
YEAR CAT.  OFF.       SOLD      GROSS        AVERAGE         MEDIAN
2008    191    157       96            802,800       8,363                 5,000
2007    246    216       139         1,860,000    13,381               9,000
Totals,l October Books 2-3
YEAR    CAT.      OFF.       SOLD    GROSS          AVERAGE    MEDIAN
2008     1,332    1,133      780        22,488,000    28,831         18,000
2007     1,286    1,142      840        29,604,900    35,244          22,000
Totals, October Books 3
YEAR     CAT.     OFF     SOLD    GROSS           AVERAGE           MEDIAN
2008      485       414      271        2,815,300       10,389                7,000
2007      653       573      367        5,697,400       15,524                11,000