Timonium sale prices dip second straight day

Attacks still dampening enthusiasm of buyers

Horse Racing

October 03, 2001|By Tom Keyser | Tom Keyser,SUN STAFF

For the second straight day, the sale of thoroughbreds at the state fairgrounds in Timonium felt the aftershock of the terrorist attacks and their lingering effect on the economy and people's psyches.

The Fasig-Tipton Midlantic Eastern Fall Yearlings sale was hit again yesterday with significant drops in total revenues and average price per horse. The three-day sale, which concludes today, will break an 11-year string of Timonium fall yearling sales at which the average price per horse rose each year.

Mason Grasty, executive vice president of the sales company, said that the overall quality of horses for sale might be down 10 percent from last year, but that that was not the reason for such a drastic reduction in buyer interest.

"It's things outside this sales pavilion that are affecting this sale," Grasty said. "There's no sizzle. There are no bidding duels."

Yesterday, 174 yearlings sold for $2,870,300, an average of $16,496 per horse. On the second day of this sale last year, 179 sold for $3,872,000, an average of $21,631. On Monday, the average fell $5,847 from the previous year, from $21,804 to $15,957.

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