The Tattersalls October Yearling Sale Part 2 concluded on Saturday with 32
lots selling for 94,900 guineas taking the six day total for the sale to 850
yearlings sold for 12,993,100 guineas at an average of 15,286 guineas and a
median of 8,500 guineas.
The leading purchaser over the six day sale was Blandford Bloodstock, whose
two principals Tom Goffs and Richard Brown purchased 28 yearlings for 649,400
guineas. Leading vendor was Fiona Marner`s Kingwood Stud who sold 19 yearlings
for 503,000 guineas.
At the conclusion of Part 2 of the Tattersalls October Yearling Sale
Tattersalls Chairman Edmond Mahony commented;
"What a difference a year makes. We had the most extraordinary yearling
sales season last year with records galore, but it has been a very different
story this year. After a decade long period of growth we have seen the foal
crops increase dramatically, and the sheer numbers are now taking their toll.
The total spend on yearlings at Tattersalls over the last two weeks has been
just over 65,000,000 guineas, a total only bettered twice, but this year the pot
has had to be spread that much more widely. We have never catalogued such
enormous numbers of yearlings with 240 more than last year, and a massive 36%
(555) more than in 2002.
"These are sobering figures, and despite good demand for smart individuals
in both Parts 1 and 2 of the Sale, and significant contributions from throughout
Europe and further afield, the past two weeks have given all of us involved in
the British and Irish bloodstock industry plenty of food for thought. The
reality is that while the foal crops have been rising steadily we have been
experiencing a period of relative economic stagnation, prize money levels have
plateaued, interest rates are on the rise, the property market has slowed and
oil prices have gone through the roof. Combine these dynamics with a British and
Irish foal crop which has increased by nearly 2000 in the last two years, and it
is little wonder that we have seen a correction in the market.
"On a positive note, overseas buyers, and in particular the prolific team
of Greeks accompanied by our representative Chris Imirziadis, will be returning
home with huge numbers of yearlings, and we still have the Autumn Horses in
Training Sale and the December Sales ahead of us, both of which promise to
attract their usual cosmopolitan gatherings. However, at their conclusion we
will have to assess how best to tackle the issues associated with the record
foal crops that lie ahead."
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