10/28/2009 11:00PM

Tattersalls ends with mixed results

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The Tattersalls autumn horses in training sale in Newmarket, England, ended Thursday with declines in gross receipts and average price but posted an increase in median price.

The four-day sale sold 903 horses for a gross of about $30,062,331, which was down 11 percent from last season's auction. The average price, about $33,291, fell 8 percent. But the median climbed 13 percent to about $15,498, and the buy-back rate improved from last year's from 21 percent to 15 percent.

The sale-topper was Royal Diamond, a 3-year-old King's Best gelding who came into the sale off a 10-length victory that was the latest in his four-race win streak. Consigned by his trainer, Mark Prescott, Royal Diamond brought 400,000 guineas, or about $688,800, from Andrew Tinkler.

Edmond Mahony, chairman of Tattersalls, pointed to the higher median and lower buy-back rate as positives but said, "The sale was perhaps a touch short of obvious stars, and, considering the strength of the market, the handful of high-profile withdrawals was a little disappointing, but overall this has been another week which has provided encouragement for the industry."