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Florida 2YOs: Average Down 4.9%

Monday, 7th March 2011

Overall at the Fasig-Tipton Florida Selected 2YOs-In-Training Sale, 81 lots sold for US$19,832,000 (down 15.4% on last year's 91 sold for US$23,430,000). The average of US$244,840 was down 4.9% (last year US$257,473) & the median of US$200,000 remained unchanged. The clearance rate was 56.6% (last year 62.8%). Fasig-Tipton president Boyd Browning commented: "It was a typical Select 2YO sale. I don't think anybody should be saying 'hip hip hooray' or 'oh no.' It's a fairly similar marketplace to last year's. You continue to see bidders who are interested, but they continue to bid cautiously, and you continue to see individuals who were major buyers 10 years ago at high levels bidding more conservatively than sellers would like. When they have a number in mind, they quit at that number or real close to that number rather than stretching."

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