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« SHOCK AND AWE AS SALE DEFIES ECONOMIC GLOOM | Main | Solid opener at Tattersalls October Yearling Sale »
Thursday
Oct092008

Crisis! What crisis? Trade races ahead.

montjeu-vanishing prairieLot 294 : Montjeu - Vanishing Prairie
(Tattersalls)

The British Government may have taken £50 billion out of tax-payers’ pockets yesterday to shore up the banking industry, but no one in the bloodstock world seems to have noticed there’s a financial crisis going on outside.

The European Bloodstock News reports that this was the overwhelming conclusion from another remarkable day’s trade at Tattersalls’ blue-blooded October Yearling Sale Book One, which created turnover of 17,428,000gns from the sale of 146 horses.

A clearance rate of 82%, an average of 119,370gns and a median of 86,000gns, are figures that can only have surprised and delighted the sales company. It is hard to believe that only a week ago trade was suffering at Goffs’ Million Sale, as it has done at the majority of yearling sales this season.

The day’s most-prized performer was a cracking-looking half-brother to top-class Vespone and Melbourne Cup runner-up Purple Moon. A son of Montjeu (Lot 294), his sale for 650,000gns left consignor Caroline Green of Templeton Stud in a state of breathless excitement.

Caroline Green’s new personal best was created after a tussle between John Magnier and Tom Goff that ended in victory for the Coolmore Stud chief.

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