Prices for young racehorses are declining at Europe's biggest auctions as the effects of the credit freeze spread into luxury markets.
Tattersalls, the world's oldest and biggest horse auctioneer, had a 4.5 percent drop in average yearling prices at a three-day auction that ended today at Newmarket, England. Goffs, Tattersalls' closest competitor and partly owned by the Aga Khan, said average prices fell 33 percent at last week's sale of the best yearlings in Ireland.
``I am not going to spend any more on racehorses until the situation on the market eases,'' Rod Lloyd, the ... More >
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The government is preparing to sell the Tote in the autumn, sports minister Gerry Sutcliffe announced yesterday. However, longstanding uncertainty over the Tote's ownership wa...More>
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Flat racing has announced plans for a lucrative new competition to crown the champion British racehorse of the year.
It will link the results of 10 Group One races, includ...More>
Qatar Racing and Equestrian Club (QREC) signed recently a new cooperative agreement with Hamburg horse race club of State of Hamburg in Germany, by which Qatar will officially...More>
Hydra Properties have announced they will sponsor a series of the UAE Equestrian and Racing Federation's racing and show jumping events in Europe this summer.
Sultan Abdull...More>
Executives at the Tote expressed their disappointment yesterday as the pool-betting operator released figures showing that turnover at Royal Ascot was down by 10%, despite the...More>