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Japan Foals Final Average Up 14.5%
Overall during the 2 days of the JRHA Select Foal Sale, 221 lots sold for an all-time record gross of ¥8,340,500,000 million (A$96m) which was up 4.6%. The record cumulative average ¥37,740,000 million (A$435,000) was up 14.5% & the ¥28 million (A$322,000) median was up 7.7%. The clearance rate was 72.7 %. Shadai Farm's Teruya Yoshida (who is also JRHA chairman) told bloodhorse.com: "The Japanese economy is strong & the Japanese horses have become very strong recently in worldwide competition. Some big Japanese owners who used to buy in foreign sales now come to this sale to buy. That's why the good horses have become so expensive." And Northern Farm's Katsumi Yoshida added: "The times are changing because the number of foals that brought over (the equivalent) of US$1 million is getting more & more. I was also surprised how many of the trainers & owners stayed here until the last of the sale."