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Kentucky Yearlings Day-1: Average Down 6%

Wednesday, 28th October 2009

Overall on Day-1 in Kentucky, 173 yearlings sold for US$1,933,500 which was down 11% from last year’s opening session. The average of US$11,176 was down 6%, but the median of US$6,000 was up 20%. The buy-back rate was 33.7% (last year 37.7%). Fasig-Tipton chairman Walt Robertson told bloodhorse.com: “I think the way the market’s been - especially in the lower-to-middle segment - an average that is down less than 10% is all we could have expected. I wish there was demand for every horse, but this market dictates that’s not the case.” And Legacy Bloodstock’s Tommy Eastham added: “There seem to be more folks who are interested in buying & there is some enthusiasm. They’ve seen their economic situations change for the better or maybe they’re just a little bit more optimistic. We’re hearing people talk about opportunity instead of doom & gloom. But I think it’s still going to be a buy-the-best-and-leave-the-rest scenario.”

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