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UK Tatts Books 1-3 Combined Average Down 4.4%

Monday, 19th October 2009

And at the conclusion of Books 1, 2 & 3 at the UK Tattersalls Sale 1,374 yearlings had sold for a combined turnover of 76,743,000 guineas (A$145.8m) which was up 5.94% on last year (when there was also a Book 4 sale). The final combined average of 55,854 guineas (A$106,000) was down 4.4% percent on 2008, while the 78.3% clearance rate rose from 69.9% last year. At the conclusion of the 2009 Tattersalls October Yearling Sales, chairman Edmond Mahony commented: "At the end of last week we expressed delight at the strength of Book 1 of the Tattersalls October Yearling Sale & it has been a real boost for the British & Irish bloodstock industries to have reached the end of Book 3 having seen sustained demand for quality yearlings from start to finish. There was understandable trepidation going into this year's sale & there would be few pundits who would have anticipated similar turnover to last year, let alone a significant rise, but the total turnover has comfortably exceeded last year's figure & is the 3rd-highest ever behind only 2006 & 2007. The increase in turnover is a great morale boost for breeders & without doubt the most telling statistic has been the combined clearance rate of nearly 80%. The competition for yearlings at all levels of the market has been the feature of the sale & to have sold a higher percentage of yearlings in 2009 than in the record year of 2007 is extraordinary. Newmarket remains the focal point of European racing & breeding & the most pleasing aspect is that those involved in the industry can move on to the forthcoming 2009 sales with renewed optimism. Stiff challenges remain & it would be wrong to pretend that everything is now rosy; but at the same time the past 2 weeks have demonstrated an enduring global appetite for the sport of racing which has been a pleasure to see."

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