07/06/2009 11:00PM

Tattersalls sale opens with declines

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The Tattersalls July sale in Newmarket, England, opened Tuesday with declines after offering fewer horses in this year's opening session than last year. The auction features fillies, broodmares, and horses in training,

The first of three sessions sold 149 horses from a catalog of 230 horses, which was down 18 percent from last year's catalog of 282. Total proceeds slumped by 44 percent to about $3,181,352. The average price also fell by 41 percent to approximately $21,351, and median declined 50 percent to about $8,453. After 46 withdrawals, 184 horses from the original catalog went through the ring. The buy-back rate improved dramatically, from last year's opening-day figure of 29 percent to 19 percent on Tuesday.

The afternoon's top price was approximately $223,146, which David Redvers of Tweenhills Stud paid for Ripples Maid, a Dansili mare. Trickledown Stud consigned her with a Bahamian Bounty filly, her first foal, at her side. Ripples Maid, a two-time stakes winner, also was in foal to Compton Place.

The sale was to continue through Thursday.