The Lexington Selected Yearling Sale concluded its 2012 auction on a crisp pre-fall night in Kentucky and the final session kept the sale in positive territory. The sale finished with 677 horses sold for a gross of $23.89 million, resulting in an average price of $35,297. The average increased by 3.8 percent, up from the $34,019 attained last year when 745 horses were sold. The figures do not include "RNAs,” the horses which were not sold because the reserve prices put on them were not attained.
As is traditionally the case, the horses with the best pedigrees and conformation were sold in the initial three sessions. The final session on Saturday night, however, was stronger than last year with the 132 head sold bringing an average price of $12,576, a increase of 11.5 percent over the 2011 average of $11,274 for 155 sold.