10/31/2016 12:46PM

Indiana fall sale shows strong returns

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The Indiana Thoroughbred Owners and Breeders’ Association fall mixed sale closed on Oct. 30 with significant improvements across the board, led by a $20,000 Flat Out colt.

The trade saw 23 horses sold for total receipts of $117,550, marking a 22 percent increase from last year’s sale when 35 horses sold for $96,700. The average price rose 85 percent to $5,111 from $2,762, while the buyback rate fell slightly to 36 percent from 38 percent.

At the top of the market, the number of five-figure transactions rose from one to four.

A colt from the first crop of Flat Out topped the sale as the last horse on offer, going to Ranch Monarca for $20,000.

The bay colt, named Flatoutjustice, is out of the winning You and I mare You Too, who is the dam of one winner from two starters. He is from the family of Breeders’ Cup Dirt Mile winner Caleb’s Posse, Grade 2 winner Seven Rivers, Grade 3 winner Mr Ross, and Mexican champions Proud Silver and Princess Orizaba.

Flatoutjustice was bred in Indiana by Justice Farm and Greg Justice, and sold as property of their operation. The colt was offered at this year’s Keeneland September yearling sale, and finished under his reserve with a final bid of $9,000.