Friday, February 12, 2010

Fasig-Tipton's KY Winter Mixed Sale Small (but Well Needed) Victory for Sellers

Total Sales and Overall Average both increased significantly from 2009 at this year's Fasig-Tipton Kentucky Winter Mixed Sale. Gross Revenue was up 27% while the average rose nearly 37%. The median was unchanged.

Numbers alone don't always give you an accurate picture of a sales true performance but I can tell you the overall mood was quite optimistic and having spoken with several consignors they were happy enough and the horses they expected to sell got sold.

For my part I sold 2 horses with Castle Park Farm and while we didn't "break the bank" we did get both of them sold and at fair prices.

The top end of the market proved to be very strong as 13 horses sold for over $50,000, including $340,000 for the sales topper. This just goes to show that despite the worldwide economic down turn and the subsequent slide in the thoroughbred markets there are still plenty of buyers for top quality horses regardless of where they are offered.

Kudos also go out to Fasig-Tipton and its staff as they were all highly visible and seemed to be working feverishly at making sure the facility upgrades aren't just window dressing. I think I even saw Fasig-Tipton COO Dan Pride directing horses into the back walking ring - How's that for service?

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