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Kentucky Yearlings Day-1: Average Up 5.4%

Wednesday, 16th July 2008

Meanwhile in the US, "buyer selectivity was the theme" & "sellers experienced familiar feast-or-famine results" as average price increased 5.4% to US$93,739 (last year US$88,910) while buy-backs "increased to a historically high 44.1%" during the opening session of the 2-day Fasig-Tipton Kentucky July Yearling Sale (Day-1 featured a New Sire Showcase of 1st & 2nd-crop offerings from young stallions & Day-2 will offer proven sires) at Newtown Paddocks in Lexington, reported thoroughbredtimes.com. Fasig-Tipton president Walt Robertson summed up: "The game above US$50,000 was really good, right on par with last year. But the US$20,000-40,000 horses, it's a tough place to play this year. There were a lot of reserves in that neighborhood that failed to be met. The lower part of the market is a tough place to be & a hard place to find buyers." Overall 142 yearlings sold (from 254 offered) for US$13,311,000: down 15.9% from last year when 178 horses sold for US$15,826,000. The median remained unchanged at US$75,000.

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