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Fasig-Tipton Select Day-2: Figures Close On Par With 2012

Thursday, 8th August 2013

The second and final day of the Fasig-Tipton Saratoga Selected Yearling sale in New York experienced a correction from Monday's impressive figures to post an analogous result to 2012. The second session aggregate of US$16,200,000 was down (12 percent) on last year's US$18,410,000, as was the average, US$279,310 as opposed to US$334,727. The second session median of US$250,000 was identical to 2012. At the conclusion of the two days' trading, Fasig-Tipton reported that the 108 yearlings sold this year grossed US$31,870,000, down fractionally (0.4 percent) on last year's total of US$32,000,000 for 107 yearlings. The sale average of US$295,093 was also down slightly on last year (US$299,065), however the median of US$250,000 was up 11 percent from 2012 (US$225,000). The clearance rate of 73 percent was a substantial improvement on last year's 48.5 percent, suggesting vendors were more realistic in setting their reserves and buyers more realistic in valuing horses. Fasig-Tipton president Boyd Browning Jr., commented that the overall sale results were indicative of a healthy market, citing the low RNA (reserve not attained) rate, an increase in median price, and averages and gross figures about equal to last year.

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