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Tattersalls Chairman Remains Upbeat Despite Market Slide
Following the final selling day at the 2008 Tattersalls July Sale, chairman Edmond Mahony expressed a positive outlook on the health of the industry, commenting: "The figures are down on last year's July Sale, which is no surprise in the present economic climate, but there have been a number of positives to take out of this week's trade." Alluding to the probable lack of major Lots among the horses in training section (compared to previous years), Mahony observed: "The turnover of well in excess of 7,000,000 guineas and the average of around 15,000 guineas are the third highest for this fixture behind only the July Sales of 2006 and 2007. The demand from overseas buyers has been the outstanding feature of the past four days and the clearance rate of more than 80% has yet again demonstrated the enduring appeal of the July Sale."