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Mitchell: smaller figures should increase demand

BRIGHTWELLS head of bloodstock Matt Mitchell has denied that declines in the number of horses being bred are having an affect on sales figures after its Ascot sale on Tuesday saw just 43 out of 88 catalogued lots change hands.

Last year's equivalent saw 141 lots catalogues - while other sales so far this year have also seen reduced numbers through the ring - but Mitchell said: "Horses of this age group aren’t affected by the drop in foal crop and the biggest reason we were down in numbers is that we had to hold over our December Sale to last month.

"The positive side of having fewer horses is that it improved demand and we had a good trade today, including buyers from Kuwait and Russia, and hopefully it’s a sign of things to come."

Despite the reduced numbers the total turnover of £91,550 marked a 17.2% rise on 2010.

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