Tattersalls Auction Draws Buyers as Sheikh Cuts Spending

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Oct. 11 (Bloomberg) -- Bloomberg's Olivia Sterns reports on Europe's biggest auction of young racehorses at Tattersalls in Newmarket, England, where sales are an important gauge of confidence in a sport dominated by Sheikh Mohammed bin Rashid Al Maktoum of Dubai and Irish millionaires John Magnier and J.P. McManus. Sheikh Mohammed cut his spending on young horses at the auction last week by more than 60 percent. (Source: Bloomberg)

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