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UK Tatts Dec Mares Final Average Up 1.5%

Friday, 3rd December 2010

In the UK overnight, the 4-day Tattersalls December Mares Sale concluded with final figures showing 644 lots sold for a cumulative 34,544,800 guineas (A$56.999m) which was up 4.1% on last year. The final average of 53,641 guineas (A$88,500) was up 1.5% & the final median of 17,000 guineas (A$28,000) was up 17.2%. Tattersalls chairman Edmond Mahony commented: "At the end of last week's December Foal Sale we referred to the continuing economic turbulence which has dominated the news in recent weeks & marvelled at the extraordinary resilience of the foal market in the face of such uncertainty. I think it would be fair to say that the demand for broodmares & fillies this week has also exceeded expectations & that Europe's premier breeding stock sale has, as ever, proved to be the focal point for thoroughbred breeders from all corners of the world. The general consensus prior to this week was that despite 2 quality dispersals (Bloomsbury Stud & Pendley Farm), the catalogue was a little short of obvious stars & that the sale might fall short of last year's levels, but the figures tell another story. Turnover has shown a slight increase, the average price is all but the same and, similar to the December Foal Sale, the median has risen significantly. The clearance rate has not quite matched last year, which reflects the larger number of lots offered, but it still compares favourably with the 2007 & 2008 Tattersalls December Breeding Stock Sales. . . . . The feature of the sale was the extraordinary level of participation from overseas buyers. With buyers from almost 40 different countries, it is hard to single out individuals, but we were delighted to see Indian buyers returning to Tattersalls in such numbers after the lifting of import restrictions & we believe that they have purchased more than 50 lots this week. Other countries which have also made important contributions include Argentina, Libya, Malaysia, Qatar & Russia."

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