Record and trend-breaking Danehill Dancer coltPICTURE: Tattersalls
Tattersalls Book 2 post-sale statement
AS SELLING finished at Tattersalls on Wednesday as Book 2 came to a close, sales company chairman Edmond Mahony commented: "By common consent Book 1 of the Tattersalls October Yearling Sale produced a remarkable set of figures considering the extraordinary financial climate we find ourselves enduring, but it would have been unrealistic to expect complete immunity from the global financial crisis.
"Rarely, if ever, have the financial markets experienced this sort of turbulence and in the context of such conditions the three days of Book 2 have demonstrated surprising resilience.
"Positive aspects have included two lots comfortably exceeding the previous record price for the sale and solid commercial horses fetching good money from start to finish. Inevitably, however, the market has experienced a significant correction despite major contributions from those who made Book 1 such a success and a wide cross section of buyers from throughout Europe.
"It is never easy to respond to a falling market but our vendors have adjusted to the prevailing conditions with commendable realism and deserve our thanks for their support and their positiveapproach at a testing time."