Superpowers spending underpins multi-million growth in the yearling market - but do record results paint the full picture?

Despite a backdrop of significant uncertainty, both beyond and within the racing and breeding bubble, the surprises this time around have been broadly positive. 

Sales across Europe have not only held up well but, in some instances, produced unprecedented results. This was the case at Arqana in mid-August, when new high marks were set for aggregate and average figures. 

These returns were, at least in part, underpinned by the most expensive yearling ever sold in Deauville, with Amo Racing bidding €3,000,000 for the Night Of Thunder half-sister to Chicquita and Magic Wand.