The average price at Del Mar's yearling sale, $48,589, jumped a dramatic 40.8% over last year's figure and set a sale record Monday evening.
The Del Mar Yearling Sale, to be conducted Monday, Aug. 16, by the California Thoroughbred Breedersê Association, will be conducted at Del Mar Race Track for the first time since 1995.
The California Thoroughbred Breeders Association (CTBA) is making changes to its Del Mar yearling sale in an effort to upgrade the quality of the horses offered.
The pace picked up at the Del Mar yearling sale Monday night, with four horses bringing six-figure prices compared to one in Sunday's opening session. But it was not enough to reverse the Southern California auction's downward trends.
Major setbacks in the gross revenue, average price, and median price marred the opening of the Del Mar yearling sale in California Sunday night.
The California Thoroughbred Breeders Association has catalogued 159 horses for its Del Mar yearling sale, which will be held Aug. 10 and 11 in Southern California.
The California Thoroughbred Breeders Association ended its two-night Del Mar yearling sale Monday in a virtual statistical dead-heat in average price with last year's all-time record sale.
Gross receipts and average price were down for the first of two nights of the California Thoroughbred Breeders Association's Del Mar yearling sale on Sunday, but the median increased marginally and the session boasted the highest-priced yearling sold by the CTBA in more than a decade.
Buyers will be able to bid over the Internet for horses offered during the Del Mar yearling sale.
The Del Mar yearling sale will have a bigger catalogue this year.
Gary Tanaka's Gourmet Girl, who was honored with an Eclipse Award as champion older female of 2001 the previous week, has been retired from racing according to trainer Pico Perdomo.
The annual Del Mar yearling sale set a record average price of $43,663 this week. The two-day sale at the Del Mar HorsePark sold 104 horses for a total $4,541,000. Monday's session was responsible for elevating the average price. Seven horses sold for $100,000 or more compared to five during last year's entire sale. Tuesday session was weaker overall, but still an improvement over last year's second session.
Seven horses sold for more than $100,000 during Monday's opening session of the two-day Del Mar yearling sale. Last year, five horses sold in this price range for the entire sale. The average price for the first session was $52,918, far above the sale's record average price of $36,798 set in 1999.
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