04/05/2005 11:00PM

Average rises at Texas sale

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A $110,000 daughter of Texas sire Valid Expectations led gains in average and median prices at Fasig-Tipton's Texas 2-year-old sale Tuesday at Lone Star Park.

The sale-topping filly is out of It Fits, by Dunham's Gift, and is a half-sister to stakes-placed Hellohellohello. Lane's End Texas, which stands Valid Expectations, purchased the filly from Leprechaun Racing, agent.

The filly last went through the auction ring at Fasig-Tipton's 2004 Texas August yearling sale, where K & B Ventures paid $35,000 for her.

The one-day auction's catalog was considerably smaller than last year's, causing an expected decline in gross receipts. The 2005 edition sold 142 lots for $2,631,600, down 25 percent from last year, when 192 juveniles sold. This year's average price was $18,532, though, nosing above last year's figure of $18,270, and the median price rose 21 percent, climbing from $8,250 to $10,000. Despite those gains, the buy-back rate rose from 31 percent last year to 39 percent in 2005.