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UK Tatts Yearlings Book 1 Final Average Down 6%
Overall at the end of the 3 days selling for Book 1 at the Tattersalls October Yearling Sale, 472 lots had sold for 53,764,000 guineas (A$102.152m) which was up 8% on the 2008 total. The final average of 113,907 guineas (A$216,000) was down 6% from last year, while the final median of 80,000 guineas (A$152,000) was down 5.8%. Tattersalls chairman Edmond Mahony summed up: "The global economy remains fragile & we cannot pretend the bloodstock market is immune from the impact of economic realities, but the vendors have brought some outstanding individuals to Book 1 of the October Sale & we are delighted that their faith in the sale has been rewarded. To achieve a set of figures that compare favourably not only with last year's but also with those from 2007 demonstrates the enduring demand for quality horses, as well as the reputation of October Book 1 as Europe's premier yearling sale. The top end of the market has been as competitive as ever . . . . It has also been pleasing to see so many trainers active over the past 3 days." Assessing the week's trade, leading agent John Warren told racingpost.com: "It has been the same old theme here, the market for nice horses has held up really well & will always come out of the woodwork for them. The market is selective, but that is exactly as it should be. These are the best yearlings that will come up for sale in Europe & if they are not here they will be nowhere else - these will just have the home-breds to compete against. It's very hard to breed a top individual that has the right pedigree who ticks all the boxes on looks. The pyramid is very narrow at the top & in a way it's like the Olympics, there are not many Usain Bolts around."