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Maryland Yearlings Final Average Down 14.6%
Overall in Maryland, 387 yearlings sold for US$5,616,450 (over 2 days this year) which was down 31.6% on 483 sold last year for US$8,211,600 (over 3 days). The US$14,513 average was down 14.6% (last year US$17,001) & the US$5,500 median was down 38.9% (last year US$9,000). The buy-back/no-bid rate fell from 35.9% in 2008 to 27.1% this year. Fasig-Tipton president Boyd Browning told bloodhorse.com: "There is not a great deal of strength in any sector of our marketplace right now. We are seeing an adjustment that's taking place through all levels of the thoroughbred industry in the sales world. The results of this sale reflect the economic reality of the thoroughbred business on a regional basis right now & it's very difficult. There is generally a relationship at a regional-type sale that, when the median goes down & the buy-back rate also goes down, people are more willing than they were a year ago to take less for their horses to get them sold."