LEXINGTON, Ky. - Fasig-Tipton's July select yearling sale ended Wednesday with moderate downturns that hinted the market is stabilizing but looked unlikely to rebound this year. But there were some bright spots, including a sharp reduction in the buyback rate and a higher-priced sale-topper.

LEXINGTON, Ky. – Fasig-Tipton Kentucky’s July select auction opened Tuesday with some evidence that there’s still demand for Thoroughbred yearlings. But, as many sellers anticipated, buyers remain as choosy as ever in the Thoroughbred industry’s tighter economic conditions.

LEXINGTON, Ky. – Young sire and Grade 1-winning millionaire Dixie Union was euthanized Wednesday because of a deteriorating neurological condition, Lane’s End Farm announced. He was euthanized at Rood and Riddle Equine Hospital here, according to the farm.

A 13-year-old Dixieland Band horse, Dixie Union is the sire of 34 stakes-winners and stood at Lane’s End in Versailles, Ky., for an advertised fee of $35,000 this year. His leading earner is 2009 multiple graded winner and millionaire Gone Astray, winner of last season’s Pennsylvania Derby.

LEXINGTON, Ky. − Yearlings by Medaglia d’Oro, the sire of champion Rachel Alexandra, were hot commodities again Wednesday at Fasig-Tipton’s July select yearling sale in Lexington.

One day after a $450,000 Medaglia d’Oro colt topped the two-day auction’s opening session, a Medaglia d’Oro half-sister to Grade 1 winner Divine Park brought a session-leading price of $350,000. Selling was still underway Wednesday at 3:30 p.m., with that filly, Hip No. 245, still the leader.

LEXINGTON, Ky. – At last year’s Fasig-Tipton July yearling sale, Dapple Stud’s Mike Akers summed up the market best: “You’ve just got to suffer through the resetting of the market.”

Consignors at the 2010 edition on Monday and Tuesday in Lexington hope the market has reset and will now either hold steady or rise.

Reigning Breeders’ Cup Sprint winner Dancing in Silks has resumed training with Carla Gaines and is expected to make a comeback by the end of the Del Mar meeting in late summer, Gaines said Friday.

Dancing in Silks has not started since finishing fifth in the Grade 2 San Carlos Handicap at Santa Anita in February. The loss ended plans for a trip to Dubai for the $2 million Golden Shaheen sprint in March and led Gaines and owner Ken Kinakin to give Dancing in Silks a break during the spring.

“I think he was just tired,” Gaines said.