Fasig-Tipton’s robust Kentucky fall yearling sale ended Wednesday
night with dramatic improvements over last year’s figures, fueling more
hopes that the yearling market has turned a corner after steep declines
since the 2008 global financial crisis.
After the final hammer, the auction had sold 710 yearlings for
$17,046,800, a staggering number when compared with last year’s total of
$9,395,300 for 690 yearlings. Average price fared almost as well,
jumping 76 percent from $13,616 to $24,010, and for the third
consecutive day median more than doubled on its way from $5,000 to this
year’s figure of $12,000.
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