Well, that was one even I managed to see coming. With sterling bleeding at the bottom of the stairs, the most expensive yearling transaction of 2022 was duly enacted at Tattersalls this week.

It was always going to be a wild market: Keeneland had shown the big spenders to remain impervious to war and inflation, while the local currency had been set aflame after new leaders sent home the babysitter and started playing with fiscal matches.