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UK Tatts Final Average Up 43%

Friday, 21st April 2006

Overall the 2-day Tattersalls Breeze-Up Sale finished with new records for turn-over, average & median. A total 147 lots sold for a cumulative 10,736,000 guineas (A$27.9m) which was up 70% on last year. The 73,034 guineas (A$189,000) average & 50,000 guineas (A$130,000) median were both up 43% over last year's record levels. Tattersalls chairman Edmond Mahony summed up: "It is not often that a sale completely rewrites the record books, but the 2006 Tattersalls Breeze-Up has done just that. Only 5 years ago the aggregate at this sale was just over 2,500,000 guineas (A$6.5m), the average was a touch over 23,000 guineas (A$59,000) & the top price was 82,000 guineas (A$213,000). Equally importantly the sale has achieved a clearance rate that would be the envy of any similar sale in the Northern hemisphere. The catalogue was universally acclaimed as the best ever for a European Breeze-Up Sale from the moment it appeared & the buyers have responded in spectacular fashion. The feature of the trade which has given most cause for optimism has been the depth of the demand: 10 different buyers of the Top Ten lots & 28 lots making 100,000 guineas (A$260,000) or more is a graphic illustration of a market with genuine strength in depth & it has been hugely encouraging to see such diversity among the buyers."

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