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Japan Yearlings: Average Down 26.4%

Tuesday, 15th July 2008

Overall on Day-1 at the JRHA Sale, 105 yearlings sold for ¥2,347,600,000 which was down 28.5% on last year's ¥3,284,400,000. The ¥22,358,095 average was down 26.4% & the clearance rate fell from 75% to 69.5%. JRHA vice-chairman & Shadai Farm owner Teurya Yoshida told bloodhorse.com the "boom days of several years ago, when sons of super sire Sunday Silence were almost guaranteed to bring hefty prices from Japanese owners, have passed". He summed up: "When you look at the current economy in this country, nobody could expect to have a booming or heated up market. Unfortunately, the breeding industry couldn't be the exception to the economy. Several years ago, this place was a different world, but now this place is a part of the Japanese economy, so I must be happy with this result."

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