09/09/2013 5:00AM

Low buyback rate at Equine Sales of Louisiana yearling auction

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Equine Sales Company of Louisiana held its second annual yearling sale on Sept. 4, and the company reported on Sept. 6 that 132 hips sold from 161 offered, resulting in a healthy buyback rate of 18 percent.

The company adjusted its sale format for 2013, separating into select and open sales instead of holding a single yearling auction, and that proved to be a success as the Sept. 4 select sale ended with gross revenues of $1,714,300 resulting in an average of $12,987 and a $9,000 median. All economic indicators finished higher than the single-day inaugural sale in 2012.

A Pleasantly Perfect filly led the proceedings, selling for $62,000 to Strick Price Stables. Consigned by Red River Farm, the chestnut filly is out of the winning Well Decorated mare Melisma. She is a half-sister to Grade 2 winner and millionaire Choctaw Nation, stakes winner Treasured Up, and stakes-placed winner Mind Over Matter

Equine Sales Company will hold its open yearling auction on Oct. 28, combined with a mixed sale. As of Sept. 6, there are 58 yearlings cataloged for that sale.

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