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"Positives" from Craven despite fall in key figures

TATTERSALLS chairman Edmond Mahony took heart "from a number of positives" at the close of the two-day Craven Breeze-Up Sale,  which saw an 11 per cent drop in average and 14 per cent drop in median.

Despite a healthy clearance rate on the first day, the overall figure of 68 per cent was one point down on last year. This year's second session saw a 65 per cent rate compared to 75 in 2010.

Turnover was up by four per cent to 7,987,000 but that was with 112 lots sold compared to 96.

Mahony said: "Having takenthe decision not to stage the Guineas breeze-up, we compiled a larger and more diverse Craven catalogue and this has attracted buyers at all levels of the market from throughout the world.

"We have seen an increase in turnover and the extra numbers have not had an adverse impact on the all-important clearance rate which has held up well. While the larger catalogue has understandably produced declines in other key indicators it would be fair to say that the average purchase price of the two- year-olds coming into the sale was less than in recent years and we have seen some spectacular pinhooking successes over the past two days.

"The top end of the market has been particularly competitive with domestic buyers facing stiff opposition from their overseas counterparts and the increased participation from Hong Kong buyers has been one of the most encouraging features of the sale. "

The two highest lots were both bought by Sir Robert Ogden, who supplemented his Tuesday purchase of a 315,000gns Azamour colt when paying 5,000gns more for a son of Distorted Humor.

Read Nancy Sexton's Craven Breeze-Up blog

Read more in Friday's Racing Post - download the NEW digital newspaper from 3am or buy it as a PDF from 9am

 

 

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TOP TEN

STALLION £ TOTAL PRIZE
King's Theatre £948,417
Presenting £889,316
Oscar £772,014
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Westerner £562,432
Flemensfirth £516,588
Kayf Tara £470,195
Stowaway £400,859
Midnight Legend £396,669