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UK Tatts Oct Yearlings Final Average Up 26%

Monday, 17th October 2011

In the UK auction ring, the fortnight of Books 1, 2 & 3 at the Tattersalls October Yearling Sale (Book 3 summary later in today’s news) concluded with final turnover rising 8% to 78,783,000 guineas (A$129.992m) which was the 3rd-highest 2-week total since the sale began (despite 23% less lots offered this year). The final average rose 26% to 51,006 guineas (A$84,200) & the final median rose 29% to 27,000 guineas (A$44,600). Tattersalls chairman Edmond Mahony commented: “The success of this year’s Tattersalls October Yearling Sales has without doubt given all involved in the European racing & breeding industries a much needed boost. In common with most walks of life, trading conditions in the bloodstock world have been testing in recent years & to have achieved gains across the board over the past 2 weeks has been a tribute to the way in which breeders have responded to the challenges we have all faced. An emphasis on quality over quantity has been crucial to the success of this year’s Tattersalls October Yearling Sale & buyers from throughout the world have paid the ultimate compliment with sustained demand at all levels of the market. The combined spend at this year’s October Yearling Sale has been bettered only twice this century, which is a remarkable statistic in the current economic climate.”

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