The Kentucky fall yearling sale is back on this year’s Fasig-Tipton calendar after the auction firm’s officials announced in mid-March that it had been canceled.
“It needed to be done; our customers asked for it (the sale),” said Fasig-Tipton chairman Walt Robertson of the company’s reversal of its earlier decision.
Both buyers and consignors told Fasig-Tipton they wanted the sale to continue, according to Robertson.
“We certainly value the feedback that our customers shared with us," he said. “One of the main goals of the company will always be to listen and react to what is important for our customers."
Plans call for the auction to be held Oct. 26-28 in Lexington.
“We’re going to go out and make it a good horse sale,” Robertson said.
Last year, 1,090 horses were cataloged. The 533 horses that sold grossed $7,471,900 and averaged $13,512. The median price was $5,500, and the buy-back/no bid rate was 36%. Compared to 2007, the number of horses sold fell 5.8% from 566, while the gross dropped 29.5% from $10,595,700. The average declined 27.8% from $18,720, and the median plunged 45% from $10,000. The buy-back rate in 2007 was 20.2%.