Fasig-Tipton issuing smaller July catalog

LEXINGTON, Ky. – Fasig-Tipton has cataloged 303 yearlings for its July 12 Kentucky selected yearling auction at Newtown Paddocks here. That’s down from 407 last year, which was 17 percent lower than in 2009.

The 2011 sale also will slim down from two days to one, starting at 10 a.m. and running in a single continuous session at the Fasig-Tipton headquarters. The smaller catalog reflects the wider slowdown in Thoroughbred breeding that has taken place since the global economic downturn in 2008 and could help the bellwether Fasig-Tipton July sale maintain stability with last year’s financial returns.

In 2010, the auction sold 243 yearlings for gross receipts of $18,414,500, resulting in an average price of $75,780 and a $50,000 median. The gross, average, and median ended with dips of 12 percent, 2 percent, and 9 percent compared with the 2009 sale. The 2009 edition’s larger catalog sold 268 yearlings and saw declines of 16 percent and 27 percent in average and median, respectively.

The 2011 catalogs will be available by June 9 online at www.fasigtipton.com, and the printed version will be in the mail and at all Fasig-Tipton offices from June 13.