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Fasig-Tipton Florida 2YOs: Average Up 20.3%
There were fireworks in the shadows of the just-completed Fasig-Tipton one-day Florida Sale for 2YOs-in-training, with two seven figure purchases and one "just shy of the [US]$1 million mark" coming from the last 4 lots of the day (see following item for details), reports bloodhorse.com. In total, 46 lots sold for a gross of US$17,725,000 (down 7.8% on the gross of US$19,215,000 from 60 sold in 2012), while more pertinently, the average rose a significant 20.3% from US$320,250 last year to US$385,326. Again harking what is becoming a global bloodstock theme this year so far of 'quality over quantity', the pass-in rate rose quite stiffly from 24 in 2012 to 32 this week, while the median also increased markedly by 31.9% from US$227,500 in 2012 to US$300,000. Fasig-Tipton president, Boyd Browning summed it up: "I thought it was a pretty typical 2-year-olds in training sale… Horses that worked well, had a good video, and vetted well sold extremely well… Horses at the upper end of the market face tremendous scrutiny… The ones that are able to jump through all the hoops sell well. Buyers are very selective and they continue to prove there is significant demand for quality horses."