07/11/2014 6:03PM

Tattersalls: July sale finishes with improved figures

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The Tattersalls July sale finished on Friday in Newmarket, England with across-the-board improvements compared with last year’s renewal.

A total of 765 horses were sold during the three-day mixed auction for revenues of about $15.1 million (8,342,700 guineas), an increase of 20 percent compared with the 2013 July sale. The average sale price rose 4 percent to about $30,200 (16,685 guineas), while the median price increased 25 percent to about $18,140 (10,000 guineas). The buyback rate for the 2014 auction was an impressive 8 percent.

“Last year’s Tattersalls July Sale produced a 46 percent rise in turnover, a 35 percent rise in average and a 23 percent rise in median and this year’s renewal has again recorded significant gains across the board,” said Tattersalls chairman Edmond Mahony. "Turnover in excess of 8 million guineas is the third-highest ever at the July Sale and all of the key indicators have reached their highest levels since 2007.

“As so often at Tattersalls sales of this nature, the real feature has been the extraordinary level of international participation,” Mahony continued. “Buyers from more than 20 different countries have all contributed to a sale of enormous strength and depth and a remarkable clearance rate in excess of 90 percent. In particular, our loyal supporters from throughout the Gulf region have yet again played a huge part in the success of the sale, both as vendors and purchasers, and the strong demand for well bred fillies and mares is a clear indication of a market which continues to gain in confidence."

New Street, a 3-year-old Acclamation colt, topped the sale, going to Bobby O’Ryan, on behalf of owner James Smith and trainer Tim Best, for about $335,580 (185,000 guineas).

The Irish-bred colt has won two of seven starts racing in England for owner David Armstrong and trainer Richard Fahey, who consigned him under the name Musley Bank Stables. He is out of the winning Rainbow Quest mare New Deal, who is the dam of three winners from five foals to race, and the colt is from the extended family of Grade 3 winners Daloma and Mayoumbe.

New Street is expected to transition into racing over jumps for his new ownership.

"He's a lovely horse, whom I know well,” O’Ryan said. “He's a sound lovely type – everything about him is right. I hope he can go on and do what we want."

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