That, in addition to the promise of Internet stock options, is causing the increase in turnover.
(The figures for increase in turnover were in dollar terms, based on Legal Business's original estimates).
It is the most significant rise in an overall 13.4% increase in turnover to a club record of £363.2million.
Both auction houses have been reporting an increase in turnover as confidence has returned and business expanded.
Since we opened in April 2011, we have grown continuously with a 30% increase in turnover year-on-year to date.
Freud Communications, the public relations subsidiary, which accounts for nearly all of Matthew Freud's business activities, showed a 5% increase in turnover to £34.7m.
In May, IPC reported half-year pretax profits of £3.8m, up from £1.7m, on a 3.3% increase in turnover to £182m.
He called the increase in turnover exaggerated, saying there was a jump in retirements right after the law was passed, but departures have dropped since.
According to Channel 4's head of sport David Kerr, the new transmissions can broaden racing's appeal and bring more money in through an increase in turnover which should in turn result in increased prizemoney.
But it achieved a 7% increase in turnover, up by £14.6m to £228.7m, by reducing the level of its cover price reductions on the Daily Star and choking off the voucher offers on the Daily and Sunday Express.
One-off charges aside, its third-quarter results suggest the company is in line for a 20% increase in turnover this year to over €50 billion ($64 billion), with pre-tax profits up 11%.
