Fasig-Tipton Kentucky Sale: No Big Surprises

There weren't any real surprises - either good or bad -- at the Fasig-Tipton Kentucky July select yearling sale. The results just hammered home, yet again, what we already knew.

Buyers are selective and very careful about how they spend their money.

The progeny from stallions' first crops, once wildly popular, are declining in their appeal as buyers flee to the safety of proven sires.

There is little buyer enthusiasm for the average or below average horse physically and they have little tolerance for veterinary abnormalities.

The good news was that there were no scary plunges like there were last year, and that also was expected because juvenile sales had stabilized earlier in 2010.

With a smaller catalog, the Fasig-Tipton declines were 11.6% for gross, 2.5% for average, and 9.1% for median. In 2009, they were 26% for gross, 15.8% for average price, and 26.7% for median.

The buy-back rate this year fell significantly. That wasn't really a sign of greater consignor satisfaction with prices. It was more of an indication that commercial breeders were in survival mode, taking what they could get and hoping it would be enough to allow them to continue operating their farms until times get better.

Being able to predict about where the market is going to be makes it easier to do business. There is comfort in knowing there is a bottom to the abyss, but climbing out won't be easy

 

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timmyparkerson

well if the law makers in kentucky have anything to do with it horse racing will never make it this state is 20 years behind the rest of the world no gambling no money for purse,es the horse industrie in kentucky may not survive its truly a shame. concerned horse race fan

16 Jul 2010 11:21 PM
phoenixky1

Being an owner with 2 horses in the July sale it was very tough.  We breed to first year sires because they are more affordable then the proven ones and I am not sure what we are going to do next year when choosing stallions.  The small breeder is going to get forced out of this business one way or another and the big farms will follow because they rely on us to breed our mares to their stallions and board at their farms.  There has to be a happy medium somewhere.

20 Jul 2010 9:20 AM

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