2007 JULY SALE DAY 4 PRESS STATEMENT
POSITIVE MESSAGE AT CONCLUSION OF THE 2007 TATTERSALLS JULY SALE
The Tattersalls July Sale concluded with 64 lots sold for 553,500 guineas at an average of 8,648 guineas and a median of 4,500 guineas. This took the four day total to 593 lots sold for 10,951,300 guineas at an average of 18,468 guineas and a median of 11,000 guineas. BBA Ireland finished as the leading purchaser with 16 lots for 577,000 guineas, ahead of Bobby O'Ryan with 11 lots for 538,500 guineas. The leading vendor was Darley whose 47 lots sold realised 1,391,800 guineas from Juddmonte Farms whose 33 lots realised 871,000 guineas. As is usual at horses in training sales at Tattersalls, the buying bench was very cosmopolitan with significant numbers set to head to Scandinavia, Greece and Qatar.
|
||||||
Catalogued |
Offered |
Sold |
Aggregate |
Average |
Median |
|
2007 |
930 |
679 |
593 |
10,951,300 |
18,468 |
11,000 |
2006 |
870 |
682 |
623 |
12,188,100 |
19,564 |
10,750 |
|
||||||
Catalogued |
Offered |
Sold |
Aggregate |
Average |
Median |
|
2007 |
131 |
77 |
64 |
553,500 |
8,648 |
4,500 |
2006 |
127 |
77 |
70 |
739,500 |
10,564 |
6,250 |
At the conclusion of the 2007 Tattersalls July Sale, Tattersalls Chairman Edmond
Mahony commented;
“This has been a very strong July Sale with returns second only to last year’s and turnover breaking the 10,000,000 guineas mark for only the second time. Year after year the Tattersalls July Sale attracts buyers from throughout the world and the varied nature of the catalogue is the key. The sale genuinely has something for just about every sector of the market and the demand across the board this week has demonstrated the global appeal of the July Sale very clearly.
“On a different note there has been another issue which has consistently been drawn to our attention this week and which is evidently causing some concern at all levels of the industry on both sides of the Irish Sea. The recent merger of Goffs and Doncaster Bloodstock Sales has coincided with news that from the beginning of 2008 Tattersalls will be charging a full 50% less for the service we provide than any other firm of bloodstock auctioneers in Britain and Ireland. While we will continue to charge only 5% commission the standard commission elsewhere will be 7.5% and in one case 10%.
“Understandably the nature of the concerns expressed to us has been regarding our intentions while also questioning a 50% rise in commission rates at a time when prize money in Britain is declining, owners’ direct costs are rising and the four leading British and Irish bloodstock sales companies achieved record turnover in 2006. We respect the fact that any sales company can and should charge as much or as little as it deems appropriate to the market, but we also recognise that these are legitimate concerns for the industry. We can only say that at this stage we remain committed to the same levels of service to which we have always aspired as Europe’s leading bloodstock auctioneers while continuing to charge our clients 50% less than elsewhere. We will continue to invest seven figure sums in the business on an annual basis, we will continue to commit a minimum of almost £300,000 of our own money to the £2,200,000 Tattersalls Millions and we will not be keeping any surplus raised from owners’ entry fees, we will continue to sponsor races in Britain and Ireland from Group 1 level down to Point to Points, we will continue to allocate approaching £200,000 a year to the BHB/TBA Inward Buyers Initiative and we will continue our annual commitment, again well into six figures, to Racehorse Sponsorship crucially satisfying the VAT requirements of racehorse owners. We will not cut corners but such commitment has to be reciprocated in order for it to be maintained.
“On an equally positive note we are looking forward hugely to the £2,200,000 Tattersalls Millions which will offer unprecedented opportunities for buyers at all levels of the market at the Tattersalls October Yearling Sale. The Tattersalls Millions will be the most valuable sales race series in the world, will uniquely cater for both two and three year olds, and is a clear indication of our abiding commitment to the industry.”