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Kentucky Yearlings Day-1: Average Up 58.7%

Wednesday, 26th October 2011

Overall in Kentucky, 222 yearlings sold for US$4,741,900 (up 50.5% on last year’s 232 sold for US$3,151,000). The average of US$21,554 was up 58.7% (last year US$13,582) & the median of US$12,000 was up a massive 140% (last year US$5,000). The clearance rate was 74.7% (up from last year’s 70.7%). Fasig-Tipton’s vice president of sales Bayne Welker told bloodhorse.com: “We’ve gotten to the bottom of the yearling market & we’re starting to see it creep back up. People are more comfortable with the way things are; there’s no fear factor. It also helps that sellers, especially at this time of year, are very realistic about their stock. They’re here to sell & that creates a good buying atmosphere. Buyers can bid with confidence, knowing that they’re bidding to buy a horse. They’re not bidding against the horse’s owner or the reserve.”

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