The Lexington Selected Yearling Sale concluded its 2013 auction on Saturday night with a huge increase in business for the five nights of sale sessions. The average price for the 676 yearlings sold climbed to $40,127, a 13.7 percent increase from the 2012 sale. The median was up a whopping 42.9 percent, soaring from $20,000 to $30,000. The median is an important barometer because that figure is the point where half the yearlings sold for more and half for less.
Despite selling 69 fewer horses, the gross for the sale was $3.24 million higher this year, climbing to $27,136,000, a 13.6 percent increase.
Session 5 on Saturday night, however, was not as strong as the final session in 2012. Even with fewer horses sold (108 vs. 132), the average price dropped from $12,575 to $11,454, a 8.9 percent decrease. The median, however, was on par with the 2012 final session at $10,000.