Tattersalls chairman Edmond Mahony acknowledged the weakness of the lower end of the market as the Tattersalls December Foal Sale concluded on Saturday with a 125,000gns Showcasing (GB) filly leading the way.
Almost 30 million gns was spent on foals this week at Tattersalls while Friday saw the most expensive foal sold so far this year–a St Mark's Basilica (Fr) filly–in Europe and North America at 575,000gns.
However, the aggregate of 29,842,902gns was down 15% on last year while the average dropped 6% to 44,608gns. The clearance rate was more or less the same, dropping 1% to 75%, while the median dropped 19% to 21,000gns.
Mahony commented, “Sustained demand for quality foals has been the feature of the four days of selling at Europe's premier foal sale. In addition to the highest price for a foal in Europe and North America this year there have been a record 29 foals sold for 200,000 guineas or more and a healthy diversity of buyers in all sectors of the market.
“The cream of the British and Irish foal crop has attracted buyers in abundance not only from Britain and Ireland but also from throughout Europe and the Gulf region as well as China, Japan and America. The overseas demand has had a significant impact on trade which, although not matching last year's record levels, has remained robust with the exception of the lower end of the market which we must all recognise has been challenging.”
He added, “The pinhookers will always be the backbone of any Tattersalls December Foal Sale and as ever they have worked tirelessly, but the contribution from so many significant owners is becoming an increasingly important and regular feature of the sale. When a sale consistently produces racehorses the calibre of 2000 Guineas winner Chaldean (GB) and the unbeaten Group 1- and 2-winning two-year-olds Vandeek (GB) and Ghostwriter (Ire), it reflects the quality of the stock presented by the consignors and it is clear that their confidence in the sale has been reciprocated by many of the world's most successful racehorse owners.
“Another positive to come out of this year's December Foal Sale has been the overwhelmingly favourable response to the break in selling on the Thursday of the sale which allowed buyers valuable extra time to view the Friday and Saturday foals. The change was introduced in response to feedback from vendors and purchasers alike and as well as being well received it is notable that the clearance rates for both Friday and Saturday have improved significantly on last year's record-breaking sale.
“With a solid Tattersalls December Foal Sale behind us we now look forward to welcoming buyers from every continent in the world to Park Paddocks for another quality renewal of the Tattersalls December Sale which features some spectacular fillies and broodmares, many of them showcased in the elite Sceptre Sessions which take place on Monday and Tuesday.”
The Saturday topper (lot 1203) was consigned by Daymark Stud and went the way of Ciaran 'Flash' Conroy. The Showcasing filly is a sister to the stakes-placed Fourth Way (Ire) (Iffraaj {GB}) and will be offered for resale next year.
Conroy commented, “Let's hope she is a top lot next year! She is a lovely physical, I like the stallion – he is a very good sire of fillies. She is a really good individual, very balanced, a very good walker. She is a Book 1 individual, and from a young operation so good to see young breeders having a good result.”
The sale capped off a solid day's trade for Daymark Stud with four foals selling for 263,000gns.
“It is a sigh of relief! It has been incredible, we are very lucky, we are a very small operation,” the stud's Josh Cameron said. “I have done every hand walk with every single foal and some days I think 'Oh maybe I should get someone to help', but I do think it helps the foals in the end. I am not sure my girlfriend has loved living with me over the last eight weeks!
“But we got there in the end and thanks to the little syndicate who own the mare Messalina for their support. Two mates bought her out of Archie Watson's yard and sent her to me, and just said, 'See how you get on!' Her first foal by Havana Grey (GB), who we sold here last year for 46,000 guineas, is going to Kevin Philippart De Foy and this year she has produced this amazing Showcasing filly, who has not missed a beat all week. She is a real athlete and for someone like Flash to buy her is unreal.”
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