Europe's premier yearling auction, the Tattersalls October (part one) yearling sale in Newmarket, returned encouraging figures Oct. 5 but a verdict on the strength of the market is impossible to make yet with no direct comparisons available.
The four-day sale incorporates what was the Houghton sale, with the first two days being the select sessions.
Tuesday saw 110 yearlings sold for 16,567,000 guineas, an average of 150,609 guineas and a median of 100,000 guineas, while 25 hips went for 200,000 guineas or more.
Of the 168 catalogued 168, there were 19 withdrawn and 39 listed as not sold.
Danehill, who died last year, was the star of the day with his eight lots to change hands making 4,340,000 guineas. Six of them were among the top eight prices.
The highest price paid was 1,150,000 guineas for a Danehill colt out of Bordighera, making him a half-brother to Godolphin's triple group I winner Grandera.
Coolmore in Ireland stood Danehill and the stud's head, John Magnier, outlasted Japanese agent Nobutaka Tada who was with leading trainer Kazuo Fujisawa and bidding on behalf of a new client.
The consignors, through England's Trickledown Stud, were Gretchen and Roy Jackson of Lael Stables in Pennsylvania.
The sale started well with another Danehill colt, the first foal of
group I-placed Rockerlong, who came from Anthony Oppenheimer's Hascombe Stud.
This resulted in a duel between Magnier and John Ferguson, acting for Sheikh Mohammed who was present at the sale, with the former winning out at 750,000 guineas.
Tada did not go away empty-handed, buying a Sadler's Wells colt for 700,000 guineas.
Coolmore spent 3,870,000 guineas on Tuesday for eight hips, an average of 483,750 guineas, while Ferguson gained 11 for 2,200,000 guineas.