Courtesy of Racing Post.
A strong renewal of the Tattersalls December foal sale closed Dec. 2 in Newmarket with a pair of six-figure lots led by a 110,000 guineas (US$155,671) daughter of Iffraaj (GB) who provided a fine return for her breeder Overbury Stud.
This year's yearling sales were kind to a number of pinhookers and they duly returned to stock up with a zest that propelled the week's trade to record levels. The average price finished at a record 44,027gns ($62,280.68), up 7% from last year, while the median of 25,000gns ($35,365.05) was another record landmark. Only the aggregate failed to reach new heights—although at a hefty 32,668,200gns ($46,212,501.06), it provided yet another demonstration of the current strong appetite for foals.
"If you're selling, the market is extraordinary, absolutely unbelievable," said Richard Brown of Blandford Bloodstock. "However, if you're buying, it's very difficult."
"The correlation between the yearling market and the foal market is well established, and the record-breaking Tattersalls October yearling sale has been matched by an equally dynamic Tattersalls December foal sale," added Tattersalls chairman Edmond Mahony.
"Tribute must go to the vendors who yet again have brought the cream of the British and Irish foal crops to Tattersalls and the buyers have responded accordingly."
Overbury Stud's investment in the Oasis Dream (GB) mare Arabian Mirage at last year's December mares sale reaped major dividends for the Gloucestershire-based stud when the Iffraaj filly she was carrying at the time of her purchase realized the session-topping price from Liam Norris of Norris/Huntingdon.
The filly is the fifth foal out of her listed-placed dam, who is a half sister to Dubai Duty Free (G1) winner Al Shemali and classy stayer Tungsten Strike. Like the sale-topping 750,000gns ($1,060,951.50) Dubawi (IRE) filly, she belongs to a family that has been developed in recent years by Willie and Elaine Carson.
"I'm delighted, particularly as she's going to such a good home," said Simon Sweeting of Overbury Stud. "Liam and Jenny (Norris) do such a good job, which is so important as the mare is still with us and young.
"Richard Brown bought the mare for me last year. We liked the cover and we thought at the price that she was good value."
Plans call for the filly to be resold at next year's yearling sales.
"She's for a syndicate to come back and sell through Norris Bloodstock," said Liam Norris. "I thought she was a lovely filly, the pick of the day. In fact, she was the only one I had on my list."
The December sale resumes Dec. 4 with the four-day mares sale.
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