10/02/2008 12:00AM

Fasig-Tipton sees revenue decline


Fasig-Tipton Midlantic's Eastern fall yearling sale in Timonium, Md., followed the yearling auction season's global trend, ending Wednesday with across-the-board losses.

The three-day auction sold 483 yearlings for a total of $8,211,600, yielding an average price of $17,001 and a median of $9,000. Those figures were down 38 percent for gross, 27 percent for average, and 10 percent for median. Buy-backs jumped from 25 percent to 36 percent.

The sale topper was a $320,000 Holy Bull colt out of Disco Darlin' that Ed Stevenson bought from Candyland. The bay colt's dam was a stakes-placed runner.

The auction fell in line with most of the 2008 sale season, which has seen general downturns coupled with a "flight to quality," as buyers continue to pay handsomely for horses perceived to hold the highest quality in pedigree and conformation.

Alongside such racehorse buyers as Jay Em Ess Stable, Repole Stable, and others, yearling-to-juvenile resellers also remained active, providing a crucial underpinning for the market. Among the pinhookers signing tickets largely in the $20,000 to $80,000 range were Leprechaun Racing, Nick De Meric, David Scanlon, and M&B Bloodstock.