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UK Tatts Average Up 34%

Monday, 17th July 2006

The Tattersalls July Sale concluded with records across the board: overall 623 lots sold for 12,188,100 guineas (A$31.6m) which was up 93% on the 2005 turnover. The average rose 34% to 19,564 guineas (A$50,800) & the median rose 19% to 10,750 guineas (A$27,900). Tattersalls chairman Edmond Mahony summed up: "The progress made by the July Sale in recent years has been little short of phenomenal & the trade this week has again exceeded all expectations. The turnover has rocketed in the last few years & it is amazing to consider that only 5 years ago the sale aggregate was just over 2,500,000 guineas (A$6.5m) & this year it has exceeded 12,000,000 guineas (A$31m) & almost doubled last year's record of 6,300,000 guineas (A$16m). The key to the July Sale's progress has been the support of the vendors & their confidence has again been richly rewarded. This was the largest July catalogue ever & more than matched by the quality, which has been reflected not only in huge rises in average & median, but also 20 6-figure lots as opposed to 3 at the 2005 July Sale. The consignments from the major owner-breeders have again attracted buyers from throughout the world, who have been active at all levels of the market, & the depth to the demand has been demonstrated by an impressive clearance rate of over 90%."

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