Daily News Archive

Search nearly 75,000 unique Daily News articles.

Daily News Subscription

UK Tatts Foals Final Average Up 26.4%

Monday, 30th November 2009

After “another week wracked by global economic concerns - not least because of events in Dubai - a series of plucky pin-hookers & long-term racing buyers helped an amazingly strong Tattersalls December Foal Sale finish with big advances on 2008” summed up racingpost.com. Overall 618 lots sold for a cumulative 20,218,700 guineas (A$38.416m) which was up 39% on last year. The final average of 32,716 guineas (A$62,200) was up 26.4% & the final median of 16,000 guineas (A$30,400) was up 52%. The clearance rate was 78% (compared to 60% last year). Tattersalls chairman Edmond Mahony commented: “After the successful October Yearling Sales we approached this week's December Foal Sale with a sense of guarded optimism, but I think it would be fair to say the strength of the trade over the last 4 days has exceeded our expectations. This year's foal catalogue was 25% smaller than its 2008 predecessor but it has generated a 39% increase in turnover & an average up 26% to a figure only bettered twice in 2006 & 2007. Equally encouraging has been the clearance rate of nearly 80% which demonstrates the enduring demand for quality that has been the key to a 2009 Tattersalls sales season which has consistently out-performed expectation. These are still challenging times & it would be wrong to pretend otherwise, but this week's returns can only help to bring back a measure of confidence to an industry which, like so many others, took a battering last year.”

« Previous
Return to
30th November 2009 News
Next »