Midlantic sale figures down

Fasig-Tipton Midlantic's December mixed auction ended Monday evening with losses across the board despite selling slightly more horses than last year.

The two-day auction in Timonium, Md., sold 375 horses this year, up from last year's 363. But gross receipts fell 9 percent, average price fell 12 percent, and median fell 25 percent. Buybacks also rose markedly, from 21 percent to 32 percent.

The two sessions grossed $3,497,900 for an average price of $9,328 and a $3,800 median.