THE major yearling sales have generated headlines about record prices, seven-figured transactions, and high percentages of lots being sold, but the wider picture has been far from rosy, and it is the foal sales of the next few weeks that will supply many yearling slots for 2019.

As has become the norm, many represent young, unproven stallions who have large numbers on offer, adding to the challenge many face in trying to sell or pinhook a foal.