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UK Tatts Yearlings Book-1 Final Average Up 32%

Monday, 10th October 2011

Book 1 of the Tattersalls October Yearling Sale concluded with rises across the board for turnover, clearance rate, average & median. Overall 364 lots sold for 51,634,000 guineas (A$85.196m) which was up 7.03% despite last year’s much larger catalogue when 449 sold for 48,243,000 guineas (A$79.6m). The final average of 141,852 guineas (A$234,000) was up 32% on last year’s 107,445 guineas (A$177,000). And the final median of 100,000 guineas (A$165,000) was up 42.9%% on last year’s 70,000 guineas (A$116,000). The final clearance rate was 82%, which rises to 86% when the 19 private sales totalling 947,000 guineas (A$1.563m) are included. Tattersalls chairman Edmond Mahony summed up: “We knew that we had a superb catalogue for Book 1 of the October Yearling Sale, but not even the most incurable optimist would have predicted the level of trade we have experienced at Park Paddocks this week. A record average & median, as well as the highest priced yearling sold in Europe or America this year, are impressive statistics. In addition, the outstanding clearance rate demonstrates the extraordinary strength & depth to the sale. Equally telling has been the turnover this week, which has surpassed last year’s level, and there have been a greater number of lots sold for 200,000 guineas (A$330,000) or more despite cataloguing 181 fewer yearlings than last year. To stage a record-breaking sale is always something to celebrate, but to do this in the current economic climate is truly remarkable & a welcome boost for the bloodstock industry. Our vendors have sent us some magnificent yearlings & it is wonderful to see their confidence in the sale so richly rewarded. The real feature of the sale has been the number & diversity of buyers active throughout the 3 days & particularly significant has been the contribution from new or relatively new overseas participants at all levels of the market.”

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