Tatts Book 2 Ends With Record Prices

The Tattersalls’ Book 2 October yearling auction’s record for the most expensive horse sold was exceeded twice by progeny of Danehill Dancer during a lively closing session Oct. 15 in England. A son of the Coolmore stallion brought 420,000 guineas and a daughter sold for 400,000 guineas.
Trainer Sir Michael Stoute bought the sale-topping, 420,000-guinea Danehill Dancer – Castle Quest colt through agent Maxine Cowdrey on behalf of Elizabeth Moran’s Pennsylvania-based Brushwood Stables. Moran, who bred Stoute’s group I One Thousand Guineas winner Russian Rhythm (by Kingmambo), also owned the group III Jersey Stakes winner Jeremy (by Danehill Dancer) with Stoute.

Paul McCarten's Ballyphilip Stud consigned the Danehill Dancer colt on behalf of breeder Dermot McAuliffe.

Coolmore agent Demi O’Byrne was successful in outbidding agent Peter Doyle for the 400,000-guinea Danehill Dancer -- Evangeline filly, a half-sister to this season’s group II Lowther Stakes winner Infamous Angel (by Exceed And Excel) bred by Geoff Howard-Sprink’s Bricklow Ltd.

Book 2 produced a gross of 19,672,700 guineas, down 18%  from 2007. The 38,650-guinea average for the 509 yearlings sold (from 719 offered) fell 24%, and the 29,000-guinea median dropped 17%.

"By common consent, Book 1 of the Tattersalls October yearling sale produced a remarkable set of figures considering the extraordinary financial climate we find ourselves enduring, but it would have been unrealistic to expect complete immunity from the global financial crisis,” said Tattersalls chairman Edmond Mahony. "Rarely, if ever, have the financial markets experienced this sort of turbulence, and in the context of such conditions, the three days of Book 2 have demonstrated surprising resilience.

"Positive aspects have included two lots comfortably exceeding the previous record price for the sale and solid commercial horses fetching good money from start to finish. Inevitably, however, the market has experienced a significant correction despite major contributions from those who made Book 1 such a success and a wide cross section of buyers from throughout Europe.

"It is never easy to respond to a falling market but our vendors have adjusted to the prevailing conditions with commendable realism and deserve our thanks for their support and their positive approach at a testing time."

Book 3 of the Tattersalls October yearling sale begins Oct. 16.