The History of Tattersalls The nation's oldest light horse market, Tattersalls was founded in 1892, when the well-known London and Newmarket sales company sought to expand its operations to North America. The Lexington property selected was eight blocks from the center of Lexington and adjacent to the Red Mile Trotting Track that was established in 1875. The auction business was successful with various owners and management teams, as there was a great need for saddle and carriage horses. In the early 1900's, there were four sales annually, featuring mainly Standardbreds and Saddlebreds. During World War I, Tattersalls was a major sales artery, supplying horses to the French, British, and U.S. Governments. In 1933, then famous horseman Bob Moreland consigned American Born to Tattersalls. The stallion commanded a final bid of $12,000.00 and, according to historian Susanne, this was the highest price that had ever been paid for an American Saddlebred. Tattersalls hosted production sales for Maryland Farm, Brentwood, Tennessee, as well as for Spindletop, Leatherwood, Ridgefield, and Reverie Knoll Farms. In the 1950's, the facility was purchased by the well-known Dodge Stables and Castleton Farm owner Frederick Van Lennep and other Lexington horsemen. One notable sale occurred in 1966, with the dispersal of Senator T.N. Wood's Brynfan Tyddyn Stables. The stallion Indiana Peavine and his daughter, the then current junior five-gaited World's Champion Lily Merrill, each sold for $45,000.00. In 1975, Tattersalls hosted the famous Dodge Stables dispersal, where horses presented by manager/trainer Ed Teater averaged $6,615.00. In 1986, Teater Saddlebred Enterprises, Inc. was formed to manage Saddlebred auctions. Conducting three sales annually as TSE/Tattersalls, trainer Ed Teater and his brother, farm manager and now deceased breeder Louis Teater, added a new spark to the historic sales tradition. TSE has hosted several record-breaking sales, the most notable involving horses consigned by the famous Saddlebred nursery Callaway Hills Stable, Jefferson City, Missouri. In 1997, a two year old five-gaited gelding and Callaway Hills' consignment brought $360,000.00 in a record single session that averaged $31,012.00. In 2000, the Tattersalls and Red Mile facilities were sold to five Standardbred breeders dedicated to the revitalization of the race track and sales pavilion. Major renovation will be ongoing. The year 2006 marks the 20th anniversary of Teater Saddlebred Enterprises and its dedication to consistent and unequaled service to the Saddlebred industry.