There is nowhere like Cheltenham to stoke dreams of big-race success, as was apparent at Thursday’s Tattersalls Cheltenham Festival Sale, which saw four horses reach the £400,000 mark, one of which set a new record price of £530,000.

Of the 28 lots offered, 26 sold, 18 of which fetched six-figure prices. The average price of £170,192 was a new high for the Festival Sale, while the median price of £145,000 matched the third-highest since the sale began in 2016.