Tattersalls to Sponsor New $457,000 Race

Tattersalls has announced plans to stage the most valuable sale company-sponsored race in Europe later this year. The £250,000 (approximately $457,075 in U.S. funds) Tattersalls October Auction Stakes, a six-furlong event, will be held at Newmarket's Rowley Mile Racecourse in England on Sept. 29. The race is open only to horses sold (under the hammer) at the 2004 Tattersalls October yearling sale part 2 and replaces the £100,000 ($182,830) Tattersalls Autumn Auction Stakes. In addition to being the most valuable race of its kind in Europe, the Tattersalls October Auction Stakes will carry the lowest entry fee of all comparable races, with the four entry stages totaling only £1,000 ($1,828), the same as its £100,000 predecessor.

"Part 2 of the October yearling sale has been completely transformed this year to be the largest yearling sale in Europe, and we felt that it was appropriate to have a correspondingly valuable race open only to horses bought at the sale," said Tattersalls chairman Edmond Mahony. "Tattersalls was the first British sales company to embrace the Sales Race concept and the enduring popularity of our races has encouraged us yet again to stage the most valuable one in Europe. Newmarket Racecourse was understandably enthusiastic to see the prize money increase from £100,000 to £250,000, and at the same time shares our commitment to keep the entry fees to a minimum. In addition, they have accommodated a date change which will not only produce one of the most exciting days of 2-year-old racing in Europe, but also fits very neatly into our yearling sales schedule."

As well as the £250,000 Tattersalls-sponsored contest, the Newmarket card that day will feature the Cheveley Park Stakes (Eng-I) and the Somerville Tattersalls Stakes (Eng-III), also sponsored by the Newmarket-based auction firm.

The Tattersalls October yearling sale part 2 will take place Oct. 11-16 and is expected to offer approximately 1,250 horses. The catalogues for both parts 1 and 2 of the October yearling sale will be published Aug. 25.