Nobody knows more about the breeding and sales side of the business than the auction companies, sales consignors, and bloodstock agents (true), so when Tattersalls Chairman Edmond Mahony noted the sceptre of overproduction hanging over the European yearling markets last month–comments echoed by Goffs/DBS CEO Henry Beeby after last weekís Goffs November Mixed sale–itís worth paying attention to. Though the inevitably upbeat post-sale propaganda refers to the ësecond-highestí this and ënear-recordí that, the cracks in the ice were evident at Goffs last week, and again at Tattersallsí opening yearling session of their 10-session December sale (which actually does take place mostly in December this year) Monday.
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