market

Tattersalls chairman Edmond Mahony acknowledged the weakness of the lower end of the market as the Tattersalls December Foal Sale concluded on Saturday with a 125,000gns Showcasing (GB) filly leading the way.  Almost 30 million gns was spent on foals this week at Tattersalls while Friday saw the most expensive foal sold so far this year--a St Mark's Basilica (Fr) filly--in Europe and North America at 575,000gns. However, the aggregate of 29,842,902gns was down 15% on last year while the average dropped 6% to 44,608gns. The clearance rate was more...

After wrapping up the annual whirlwind doubleheader between the Fasig-Tipton and Keeneland November breeding stock sales, Mark Taylor has a lot to be grateful for as he reflects on another successful year for the Taylor Made Sales consignment. Taylor Made was the leading consignor at both auctions, with 35 horses sold at Fasig-Tipton for $22.965 million and 262 sold for over $22.8 million at Keeneland. While the Lane's End consignment beat Taylor Made out for the title last year at Keeneland by a little under $500,000, Taylor Made was back...

Hang on a minute. Weren't the seven fat years supposed to be followed by seven lean years? The way the market has gone in 2021, we have barely had seven lean minutes. Nothing, certainly, approaching the kind of reset required, logically and historically, for the cyclical functioning of capitalism. The prospect of some such "correction" had been the only latent comfort, cold as it was, for a bloodstock market confronted by the global economic shock of the pandemic. Because a decade of almost relentless growth wasn't even ending due to...