- The number sold rose 12.1%, from 239 to 268.
- Gross revenue increased 5.9%, from $8,054,800 to $8,529,400.
- The average fell 5.6%, from $33,702 to $31,826.
- The median dropped 16%, from $25,000 to $21,000.
- The buy-back rate decreased from 33.1% to 30.9%, when 120 of the 388 horses offered failed to find new homes.
- The number of horses bringing individual prices of $100,000 or more grew from nine to 12. However, the number sold for $50,000 or more slipped from 54 to 47.
- The top price plunged from $350,000 to $270,000.
Breaking records had become routine for the Fasig-Tipton Midlantic juvenile sale. Its gross revenue peaked in 1998, and the average and median soared to all-time highs in 2000.But this year, there were no major advances to celebrate. The most positive developments were a modest increase in gross revenue and a slight decline in the buy-back rate. Even so, Fasig-Tipton officials expressed satisfaction with the latest results."In a 2-year-old market that has been very spotty all year, we're pleased to have come close to holding our average while having our buy-back rate go down and our gross revenue go up," said Mason Grasty, executive vice president of Fasig-Tipton Midlantic.One of the last juvenile auctions of the season, the sale was conducted May 21 and 22 in Timonium, Md. Details of the key business trends were: