Most sale figures are down

Horse racing

December 06, 2005|By SANDRA MCKEE

The Fasig-Tipton Midlantic December Mixed Sale in Timonium saw a drop in average sale price, median price and gross sales compared to a year ago. But while lower-end sale prices dropped, top-end prices held up and surpassed those in last year's sale.

"I was disappointed in the buy-back rate," said Mason Grasty, Fasig-Tipton Midlantic's executive vice president, at the end of the two-day sale yesterday. "The number of horses not sold was too high."

There were 375 horses sold, and 175 did not reach their asking prices and were bought back.

Some sellers attributed the lack of interest to the lack of continuing increases in the Maryland Bred Fund and the uncertainty of live racing here.

Grasty, however, said the only reason he could think of for the big buy-back number was "that there were more cheaper horses than in the past and more than the market was going to consume."

Overall, the sale grossed $3,497,900, down from $3,862,300 a year ago. The average price dropped from $10,640 to $9,328 and the median price from $5,100 to $3,800.

But four top-of-the-line horses sold for $85,000 or more, compared to only one last year. The sale's top seller was Your Out, a 1998 mare sired by Allen's Prospect out of Our Friend Hidayet that sold for $140,000.

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