Shifflett is the manager of Lane's End Texas (near Hempstead), where Valid Expectations stands.
With fewer horses offered, the Fasig-Tipton Texas sale of 2-year-olds in training at Lone Star Park Tuesday resulted in increases in average and median prices but a higher buyback rate.The sales company reported 142 horses sold Tuesday for a gross of $2,631,600 and an average of $18,532. The median price was $10,000. At the same sale one year ago, 192 horses brought a total of $3,507,800, for an average of $18,270 and a median of $8,250.The 90 horses that did not sell represented 38.8% of the 232 through the ring. Last year, the 88 horses that not meet their reserves represented a buyback rate of 31.4%.The top-priced horse was a $110,000 daughter of Valid Expectations named It's Valid. Danny Shifflett, acting as agent for William S. Farish's Lane's End Texas, purchased the bay filly from Leprechaun Racing, agent.It's Valid worked an eighth of a mile in :10 2/5 prior to the auction. She is out of the 19-year-old winning Dunham's Gift mare It Fits and is a half-brother to stakes-placed Hellohellohello (by Secret Hello). It Fits is a half-sister to added-money winner Good Roar (by Native Uproar).Lane's End Texas, as agent for TRB Thoroughbreds, sold It's Valid for $35,000 to K & B Ventures at the 2004 Fasig-Tipton Texas yearling sale. R. D. Angel and Mary Angel bred the filly in Kentucky.