Fasig-Tipton Cancels June Midlantic

Fasig-Tipton Cancels June Midlantic

Fasig-Tipton has opted not to conduct the 2008 Midlantic June 2-year-olds in training sale citing a lack of a market for a second juvenile sale in the region.

Boyd Browning said the decision not to hold the sale in the coming year was based on a lack of demand for the sale from the marketplace. He said the cancellation of the sale would not affect any other Fasig-Tipton sales in the area.

The June Midlantic auction, held at the Maryland State Fairgrounds in Timonium, has been held sporadically since 2000.

"In recent years, there hasn't been much interest in the late 2-year-old sale," Browning said.

At the end of the 2006 sale, Fasig-Tipton reported 61 horses sold for a gross of $879,800, compared with a gross of $707,700 for the 68 horses reported sold during the comparable sale one year ago. The average price rose 38.6% from $10,407 to $14,423, and the median price of $9,700 represented an increase of 65.8% from the 2006 figure of $5,850.

Only 12 head, or 16.4% of the total through the ring, failed to attain their reserve prices, compared with an RNA rate of 29.2% when 28 horses failed to sale last year.

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