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(Photo : Glen Jeffrys)

Any result that moved into positive territory within a few days of “Black Monday”, the world’s toughest day in financial markets in more than 70 years, was bound to provoke interest. But a racehorse sale posting a 48% increase over two prior years which were both more than 40% up on their predecessors, was quite something, “defying gravity” as Mala Mala’s Mike Rattray put it. That was the Emperor’s Palace Ready to Run Sale, 2nd November 2008.

In our own 30 years in the game, we’ve never known such generosity from the marketplace, with e-mails and SMS’s coming in every few minutes for a couple of days. Inevitably, as is the case with the head of any organisation, much of the credit has been laid at my personal door, yet as we’ve so often pointed out in the past, Summerhill’s is a uniquely team effort, where the space created by others doing their jobs especially well, makes it possible for the rest of us to focus intensely on the job at hand.

And of course, this was a job that did require an intensity of an unusual kind, but we were helped in our purpose by an unusually smart draft of horses; by the skills of an unusually talented team of horsemen, and by a nation whose countrymen are endowed with gifts of unusual courage and farsightedness, who know that there’s an end to this financial madness, and that next year there’ll still be big races to be won, and a World Cup to prepare for.

Yet here we were dealing in animals at the top end of the luxury goods business, and any result of this magnitude is a landmark of the trade. So it’s time again for our team at Summerhill to take another bow. It’s amazing what you can achieve when it doesn’t matter who gets the credit.

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