Oasis Dream Day

A decline of 23% in gross and 11% in average from the corresponding opening day of Tattersalls’ October Book 1 yearling sale yesterday shouldn’t be taken at face value as signaling some sort of dip in the market.

Last year’s first day was particularly strong, and the universal consensus among theatre-goers this week is that today and tomorrow are considerably stronger sessions than yesterday’s; it’s alphabetical by dam over the three days, so it’s just luck of the draw that way. Also there are 8% fewer catalogued this year than last year; if anything, the likelihood is more that at the end of the three days the gross could be down by about that 8% and the average would remain level. The average was 207,501 gns. last year.

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