Average price drops at Friday Lexington sale
October 16, 2010
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The third session of the Lexington Selected Yearling Sale continued the decline that was posted Thursday night in the second session as the 164 yearlings that went through the ring generated an average of $27,060, down 21.9 percent from last year’s average of $34,628 for the same session.
The cumulative totals for this year’s sale now stand at a gross of $19,027,000 for 412 sold, resulting in an average price of $46,182. That’s an 11.8 percent decline from last year’s first three sessions when the average was $52,347 for 406 sold.
Although the average price fell, buyers who saw what they liked were still willing to spend very good money for their selections. Five yearlings brought prices of $100,000 or more, with the most expensive a Yankee Glide filly named Grace Happens. The yearling, which was sold as hip number 313, was bought by Tom Dillon with a bid of $120,000.
Consigned by Kentuckiana Farms, Grace Happens is the first foal of Celebrity Lady 2, 2:00.2f, a stakes-place daughter of Conway Hall who is out of the stakes-winning Lady Orbitex. Lady Orbitex has a long list of successful Ontario offspring including Earl Of Stormont, Lord Stormont and Countess Stormont.
The sale resumes Saturday night beginning at 7 p.m. at the Fasig-Tipton Sales Pavilion in Lexington.