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Tattersalls toasts July Sale clearance rate

TATTERSALLS JULY SALE DAY 3 - COMPARATIVE FIGURES (gns)
Year Catalogued Offered Sold Aggregate Average Median
2009 251 170 153 1,964,800 12,842 6,500
2008 247 161 133 1,813,500 13,635 8,000
TATTERSALLS JULY SALE overall - COMPARATIVE FIGURES (gns)
Year Catalogued Offered Sold Aggregate Average Median
2009 732 503 438 5,546,700 12,664 6,500
2008 916 629 507 7,515,200 14,823 7,900

TATTERSALLS' July Sale finished on a high in Newmarket tonight with a pair of six-figure three-year-olds sent over from Jim Bolger's County Carlow stable providing the evening highlights.

The duo, both Rock Of Gibraltar colts bred by Bolger, came to Park Paddocks with similar credentials but will now embark on very different careers.

Coolcullen Times, who racked up a three-timer earlier in the season, will cross the Atlantic after selling for 155,000gns to agent Joe Seitz, while dual scorer Beidh Tine Anseo will head to Scotland after being knocked down to trainer Lucinda Russell for 150,000gns.

It was a frustrating even for trainer Donald McCain, who was underbidder on both colts.

Beidh Tine Anseo will be trained by Graham Motion for Virginia-based Jim Treptow's Hickory Tree Farm, one of the more active buyers throughout the three-day sale.

"Jim Bolger gave us a positive report about him and he looks like a 10-11 furlong horse which suits Mr Treptow's programme," said Seitz. "If he turns out to be stakes calibre then the pool of competition is narrower."

A hurdling career beckons for Beidh Tine Anseo, who was bought by Russell for an existing owner. "Scu (her partner Peter Scudamore) worked for Jim Bolger and he recommended the horse, who looks tough as teak," said Russell.

"He's for an existing owner who has a few chasers with me but wanted a hurdler and he fitted the bill. We'll take him home and get him jumping and then take it from there."

Ithbaat to emulate Istabraq?
The morning's star was John Gosden's rangy Yarmouth maiden winner Ithbaat, who was seen as an ideal jumping prospect by many when making 150,000gns.But few got a chance to show their interest in the Arch three-year-old, described as "something a bit special" by auctioneer Oliver Fowlston.

Stuart Williams set the ball rolling with a bid of 20,000gns, but his price soon rocketed into six figures as the likes of Tom Goff, Bobby O'Ryan and Seitz showed their interest.

David Redvers, standing with trainer Tom George, had 140,000gns to offer but it came 10,000gns short of the final selling price bid by Eddie O'Leary.

Local agent Mags O'Toole, standing alongside O'Leary, signed thebuyer's ticket and reported: "He's probably going jumping in Ireland and was a beautiful horse with loads of presence. I actually tried to buy him as a yearling at Keeneland when Con Marnane got him for $160,000 and again followed him when he went through the breeze-up here last year (when selling for 300,000gns to Shadwell). Let's hope he's lucky."

Ithbaat, who was beaten a short-head in a 12-furlong handicap at Newbury last Friday, was offered from John Gosden's stable forHamdan Al Maktoum, the same credentials boasted by the July Sale's most famous jumping graduate, Istabraq, who sold in 1996.

Art Connoisseur relation headed for County Kerry
Four-year-old Miss Pelling, who was sold for 52,000gns to Michael Donohoe of BBA Ireland, could enjoy a pedigree boost tomorrow afternoon via her nephew Art Connoisseur in the Darley July Cup.

"She is for Michael O'Callaghan and his son Michael junior, who trade as Rangefield Bloodstock and are building up a broodmare band in County Kerry," said Donohoe after seeing off Art Connoisseur's breeder Denis McDonnell of Co Cork-based Parkway Farm. "They are clients of my colleague Eamonn Reilly and they will keep her in training before breeding from her."

'Extraordinary diversity' in buyers' ranks
Although most of those buying the few standout lots this week were happy with the prices they paid, a feature of the three days was the startling amounts some more average performers bought, most of whom will race overseas.

The 6,500gns sale median fell by 18 per cent, the 12,664gns average dropped by 15 per cent while the 5,546,700gns aggregate – for a day shorter sale than last year – was down 26 per cent. There was a healthy 87 per cent clearance rate.

"With nearly 200 fewer lots catalogued than last year and a relative shortage of genuine quality we knew, regardless of the prevailing market conditions, that the sale turnover would fall significantly, but nobody would dispute that this has been a good sale from start to finish and a real boostfor all concerned," said Tattersalls chairman Edmond Mahony.

"Since the global recession took hold, bloodstock sales throughout the world have suffered in line with economic trends but we have seen sustained demand at all levels of the market this week.

"Without doubt the feature of this year's July Sale has been the extraordinary diversity of the buyers which has contributed to an outstanding clearance rate. Every year we do our best to cover as much ground as possible to attract international buyers and sometimes even we are surprised by the sheer number of overseas buyers who flock to Tattersalls.

"This year's July Sale has demonstrated that even in tough times there is anenduring appetite for the sport of racing and it has been a genuine pleasure to have seen such depth to the market and so many satisfied vendors."


What they are saying:

Eamonn Reilly, BBA Ireland
"Everyone was saying before this sale that the stock wasn't as good as in the past but it has been very strong for what has been here. I can't really pinpoint a reason but it's been one of the strongest sales I've been to this year and it's a positive sign that people are spending money."

Jimmy George, Tattersalls

"The real key to the strength of trade has been the overseas demand, we have had buyers from literally all over the world. The time of year and type of horse suit buyers from different parts of the globe and they are factors that have helped the July Sale grow in stature in recent years."

Lucinda Russell
"I still think the prices have been realistic for the better horses and I know we spent 150,000gns on Beidh Tine Anseo, which is a lot of money, but he wasn't bad value at that." 

Donald McCain
"I've had a frustrating couple of days because I haven't got anything. There were probably four really nice horses to go jumping and I tried for them but I think they made a premium because of their scarcity."

Bobby O'Ryan
"All the people from abroad have made it a very strong market for what is here and it's certainly been as strong as any sale I've been to anywhere this year. I bought three on Wednesday and was trying to get half a dozen more but couldn't get near them."

 

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