Book 2 in line with wider economic declines
THREE days after Book 1 of the October Yearling Sale finished on a buoyant note, it was a far less auspicious story at Tattersallson Monday as the auction's second week got underway.
The top lot on day one, a colt by Oasis Dream who made 190,000gnsPICTURE: Tattersalls
Book 2 this year takes place over three days rather than two but the day's average was finished around 25 per cent down on last year's whole sale while there were just eight six-figure lots, compared to 31 on the same day 12 months ago.
Ferguson busy again
To an even greater extent than last week it was Sheikh Mohammed and his brother Hamdan, who was at the sale in person, that dominated trade, buying seven of the yearlings who breached the 100,000gns barrier.
John Ferguson, representing Sheikh Mohammed, topped the day when spending 190,000gns on an Oasis Dream half-brother to Brian Meehan's Prix Morny runner-up Gallagher.
The colt had been bought as a foal for 98,000gns by Denis Brosnan's CroomHouse Stud and more than doubled in value by the time Ferguson had seen off the likes of trainer David Lanigan, Charlie Gordon-Watson and finally Grant Pritchard-Gordon.
Ferguson also outbid Gordon-Watson to get a 120,000gns Dubai Destination half-brother to Jim Bolger's Listed-placed juvenile Forest Storm, who showed a healthy advance on the 88,000 euros he had cost vendor Eddie O'Leary at Goffs in November.
Sheikh Mohammed's team also paid 100,000gns for an Indian Haven half-brother to Major Cadeaux sold by Bridgewater Equine through Kingwood Stud and a 100,000gns Tiger Hill colt sold by Katchit's breeder, Dominic Burke's Whitley Stud.
"Today has been interesting, inevitably there has been a major correction in themarket and that has been for two reasons," said Ferguson.
"Firstly there's more supply than demand this week and secondly most of the usual domestic investors have other issues to deal with right now. But as a result I think that incertain areas of the market there is real value to be had."
Looking back to last week's spending he added: "Sheikh Mohammed enjoys coming to Newmarket and has bought some lovely horses. As a prime minister, he appreciates more than anybody what is going on in the world and unquestionably felt that it was a good week to show confidence in the sport and industry."
Hamdan Al Maktoum's purchases included a colt by South Central's sire Forest Camp who made $90,000 as a foal at Keeneland and 150,000gns yesterday when reoffered through Gay O'Callaghan's Yeomanstown Stud.
Richardson buys for Channon
North Yorkshire agent Gill Richardson, who bought Nahoodh for just 19,000gns as a yearling for Jaber Abdullah, paid 100,000gns for a colt by the Falmouth Stakes winner's sire Clodovil.
"He's going to Mick Channon and was my pick of the day. He was just full of quality with a great walk to him," said Richardson after outbidding agent Stephen Hillen. "Mick has had a lot of luck with Clodovil.
"There is still a good trade for a decent yearling today and although the horses that aren't so nice are not making the money, that's the way it should be."
The colt had cost Flash Conroy 50,000 euros as a foal while another successful pinhook was a Galileo filly who made 50,000gns last year and 95,000gns yesterday when bought by agent Bobby O'Ryan from Ger Hourigan's Whitehall Stud
"She's been bought for a client in Ireland who will breed from her eventually, I'm not sure where she will be trained," said O'Ryan.
The sale continues today with a session starting at 10am.