Fasig-Tipton Set for Kentucky July Sale

Fasig-Tipton cataloged 568 yearlings for its Kentucky July sale.

Fasig-Tipton has cataloged 568 yearlings for its 2008 Kentucky July yearling sale to be held July 14-15 at the sale company's Newtown Paddocks near Lexington. Catalogs will be available from all Fasig-Tipton offices after June 16.

Walt Robertson, president of Fasig-Tipton, noted he and his inspection team decided in early March that conformational standards for this year’s July sale should be more demanding.

“We went to our consignors with the aim of containing the size of the catalog in 2008,” Robertson said. “We were tougher in our inspections on yearlings which might not be ready physically for July, and are happy with the numbers we will offer.”

Last year, Fasig-Tipton cataloged 582 yearlings to the two-day sale, which was an increase from 477 in 2006.

The number of horses sold grew 15.3% from 307 in 2006 to 354 in 2007. Gross revenue advanced 2.4%, from $35,598,000 to $36,441,000, ending two years of declines. Average fell 11.2% to $102,941 from $115,954 the previous year, and median dropped 11.1% from $90,000 to $80,000. The buy-back rate was 32.1%, an increase from the 2006 rate of 24.6%.

The first 322 yearlings form the 2008 New Sire Showcase, which features the first- and second-crop offerings of young stallions. Among those sires with first yearlings are 17 grade I stakes winners.

“The New Sire Showcase in 2008 is a great blend of leading first-crop sires and exciting young stallions,” Robertson said. “The proven sires, on July 15, combine to make this a very solid catalog. There will be something special here for everybody.”