Tattersalls chairman Edmond Mahony expressed his concerns over the Government's budget announcement as he reflected on a memorable autumn horse-in-training sale, with the 1.3 million gns Delius (GB) (Frankel {GB) going for the 1.3 million gns record-breaking price was paid }) earlier this week.
The Coolmore-owned three-year-old was sold on Wednesday to continue his career in Australia for trainers Gai Waterhouse and Adrian Bott and Mahony praised the enormous group of international buyers who traveled to Tattersalls for another successful sale in the park's paddocks .
Despite a smaller one [86] With the supply of horses, sales increased by 6% to 35,654,200 g. In fact, by the end of the game on Thursday, Tattersalls had already surpassed last year's sales. The average also increased by 13% to 34,955gns, the median increased by 7% to 16,000gns, while the clearance rate remained at 88%.
The highest price on the final day of the Tattersalls Autumn Horses in Training Sale was the three-year-old gelding Melon (Ger) (Adlerflug {Ger}), who will remain in training with Ollie Greenall and Josh Guerriero, but was purchased by various owners on the farm with 68,000gns for the hurdles.
Reflecting on this week's trading, Mahony said: “As always, this unique device, the largest and most popular of its kind in the world, has attracted an exceptionally diverse group of buyers from all corners of the globe. Australian buyers had exceptional success shopping at the Tattersalls Autumn Horses in Training Sale. The graduates have won 48 Group/Listed races in the last three years. They again played an vital role, purchasing more than 30 lots for more than 6,000,000 guineas.
“They were joined by the typically enthusiastic group of buyers from the Gulf region, whose respective carnivals have boosted the Middle East market for quality horses from the UK and Ireland. We also welcomed a enormous number of European buyers, particularly from Spain and Italy, who contributed significantly to sales and it was equally encouraging to see such forceful domestic demand from both the Flat and National Hunt fraternities.
“A record price at the Tattersalls Autumn Horses in Training Sale for Delius and sales turnover just shy of the 2022 record marked a fitting conclusion to a remarkable month of sales at Tattersalls in October.”
Agricultural property has been passed on to heirs tax-free for decades, but Chancellor Rachel Reeves announced on Wednesday that from April 2026 farms and other business property will be subject to inheritance tax. Heirs must pay 20% of the value of the agricultural and business property over £1m. Reeves said this would raise £1.8 billion by 2030 which could be used to improve public services.
Commenting on the announcement, Mahony continued: “However, against this positive backdrop, we can only express our concerns about the government budget announced on Wednesday. The implications will have far-reaching implications, not only for all businesses in the racing industry, but in the long term also for breeders and trainers who could now potentially be subject to inheritance tax on their assets. The impact of these changes will certainly have a negative impact on the entire racing and breeding sector in this country.”
“We are now looking forward to the December Foal and Breeding Stock Sale at Tattersalls, which showcases the best European breeding horses to a global audience each year.”
