Fasig-Tipton sale numbers fall

The average price, gross receipts, and median all fell by double-digit percentages at the conclusion of two days of selling at Fasig-Tipton's Eastern fall yearling sale, which ended Tuesday in Timonium, Md., according to figures provided by the sales company.

Gross fell 31.6 percent, from $8,211,600 to $5,616,450, in large part because 387 horses were sold this year over two days, rather than 483 horses over three days last year. Despite the reduction in the catalog, however, the average price fell 14.6 percent, from $17,001 last year to $14,513 this year, and the median plunged 38.9 percent, from $9,000 last year to $5,500 this year.

This year's buy-back rate fell, though, from 35.9 percent last year to 27.1 percent.

The top price at the sale was $300,000, paid by Florida-based pinhooker Nick DeMeric for a colt by Harlan's Holiday out of the Yankee Victor mare Keep It Going. The colt was consigned by Paramount Sales, agent.