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Fasig-Tipton Through The Roof

Friday, 26th October 2012

The bloodstock world is abuzz following a "record-setting flourish" on the final day of Fasig-Tipton's October Yearling Sale in Lexington, reports bloodhorse.com. "Unprecedented heights" were reached for gross, average and pass-in figures, while the median price soared to be the highest ever recorded since being officially monitored. In total 880 yearlings sold (up 23.9% on 2011) for a gross of US$22,991,600 (up 34.9%) at an average of US$26,127 (up 8.8%) and a median of US$12,750 (up 6.3%). The buy-back rate fell marginally from 19.8% in 2011 to 19.6% this year. Fasig-Tipton President Boyd Browning enthused: "It's been a hell of a horse sale ... It started strong; two of the first 10 horses brought more than $100,000 (apiece), and now we're almost 1,200 horses in and we just sold one for $350,000. There's been strong demand throughout."

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