Kentucky Fall yearling sale posts steep declines
THE three-day Fasig-Tipton Kentucky Fall yearling sale concluded on Wednesday, posting across-the-board downturns.
Compared to last year's two day sale, the aggregate was down from $10,595,700 to $7,471,900 and the clearance rate dropped from 80 per cent to 64 per cent.
The average tumbled by 27.8 per cent from $18,720 to $13,512, but it was the median that suffered most, plummeting from $10,000 to $5,500.
Vendor buybacks accounted for 35.6 per cent of total sales, compared to 20.3 per cent last year.
The top lot during the sale was a Giant's Causeway colt out of the Carson City mare City College. Marion G. Montanari, who bred the yearling in partnership with Coolmore, bought him for $310,000.
The colt was one of 11 lots to bring six-figure sums over the tree days. At last year's two-day sale, 12 lots made $100,000 or more.