The Tattersalls December sale kicked off on Monday with a one-day yearling auction, which saw five horses sell for 100,000 guineas ($168,300) or more but posted overall declines compared with the first session in 2011.
Tattersalls reported 167 horses sold for $6,050,060, a 4.5 percent decline compared with 2011. Average price of $36,230 declined 14.3 percent, and the median of $21,877 fell 36.6 percent. The buy-back rate increased from 24.2 percent in 2011 to 28.9 percent this year.