Daily News Archive

Search nearly 75,000 unique Daily News articles.

Daily News Subscription

UK Tatts Dec Sale: Final Gross Up 14%

Friday, 4th December 2009

In addition, the 9-day Tattersalls December Sale saw a total of 1,399 lots sold for 56,903,100 guineas (A$108.116m) which was up 14% on 2008. The other key figures also all improved: the 40,674 guineas (A$77,300) average was up 3%; the 15,000 guineas (A$28,500) median rose by 36%; & the 79% clearance rate recovered dramatically from 63% last year. Tattersalls chairman Edmond Mahony summed up: “The economic upheavals of 2008 had a dramatic effect on the bloodstock industry throughout the world and we approached the 2009 sales season with an air of trepidation, but the resilience of the market has been extraordinary. From the beginning of Book 1 of the October Yearling Sale to the conclusion of the December Sale, all of the sales at Tattersalls have outperformed expectation and, while we are a fair way off the dizzy heights of 2006 & 2007, it has been particularly gratifying to see a real sense of confidence return to the industry. The Tattersalls December Sale is a key indicator of the health of the bloodstock industry & we can all derive a measure of optimism from the 2009 renewal. In total we catalogued 2,183 lots for this year's December Sale, which was 545 less than last year & the smallest December Sale since 1993. Remarkably, turnover for the sale has risen by 14% & all the key indicators of average, median & the percentage of lots sold have shown significant improvement on 2008. Not only have the figures provided encouragement for the industry going forward, but equally importantly there has been a genuinely vibrant feel to the proceedings of the last 2 weeks at Park Paddocks. The Tattersalls December Sale has long set the benchmark in terms of international appeal & the overseas buyers have been crucial to the sustained competition at all levels of the market. It has also been evident that the successful foal & yearling sales which preceded the December Mares' Sale have instilled renewed confidence in British & Irish breeders.”

« Previous
Return to
4th December 2009 News
Next »