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UK Tatts HIT Final Turnover 3rd Best In History

Friday, 31st October 2008

Despite the international economic gloom, the Tattersalls Autumn Horses-In-Training Sale finished with the 3rd highest turnover in its history: 935 lots sold for 19,690,300 guineas (A$49.225m) at an average 21,059 guineas (A$52,600) & a median 8,000 guineas (A$20,000). Tattersalls chairman Edmond Mahony summed up: "The Autumn Horses-In-Training Sale has made great progress over the past few years with turnover all but doubling in the period 2002-2007 from 12 million guineas (A$30m) to 24 million guineas (A$60m). Naturally expectations were lower this year, given the prevailing economic realities, but with the market at Tattersalls displaying a heartening resilience, we have recorded turnover of almost 20 million guineas (A$50m), the 3rd highest in the sale's history. The huge diversity of buyers has always been the unique feature of the Autumn Horses-In-Training Sale & even in these uncertain times we have been overwhelmed by an influx of buyers from throughout the world. To have a European record price of 600,000 guineas (A$1.5m) for a colt in training (paid for Royal Ascot-winning 4YO Danehill entire Sugar Ray on Day-2) yet again demonstrates the enduring demand for quality horses even in these testing times & the high clearance rate is a tribute to the global reputation of the Autumn Horses-In-Training Sale. The contribution from our loyal Middle Eastern clients has been immense at all levels of the market & it has also been particularly encouraging to have seen our new association with William Inglis & the success of recent sale graduates attracting more participation from Australasian buyers than ever before."

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