09/09/2013 5:00AM

Low buyback rate at Equine Sales of Louisiana yearling auction


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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