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Kentucky Yearlings Final Average Down 10.3%
Overall at the Fasig-Tipton Kentucky July Sale, 305 yearlings sold for a cumulative US$28,151,000 (down 22.7% on last year's 354 sold for US$36,441,000). The final average of US$92,298 was down 10.3% (last year US$102,941) & the final median of US$75,000 was down 6.3% (last year US$80,000). In addition, the buy-back rate increased from 31.9% last year to 38.8% this year. Fasig-Tipton president Walt Robertson told thoroughbredtimes.com: "It's a tough world out there, but this was a very good sale. Buyers tell me it was tough to buy the good horses. It's definitely a tougher market at the lower end than it has been, but it was tougher at the lower end at the 2YO sales. People are demanding a higher level of horse than they have in the past. Look around you. The world is tough in every market that you can name, from cattle to real estate, except for one: oil."