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Florida 2YOs: Average Up 18.4%

Thursday, 2nd March 2006

Boosted by the world record US$16 million paid by Demi O'Byrne (representing Michael Tabor & John Magnier) for the Forestry-Magical Masquerade colt (after what thoroughbredtimes.com described as "the greatest bidding duel in thoroughbred auction history" against Sheikh Mohammed bin Rashid al Maktoum's agent John Ferguson), the Fasig-Tipton Select Sale of 2YOs-In-Training at Miami's Calder Race Course in Florida concluded with 154 lots sold for a record US$62,187,000 (up 24% on last year's US$50,132,000). The US$403,812 average was up 18.4% (last year US$341,034) while the median remained steady at US$200,000; & the buy-back rate dropped significantly: from 44.9% last year to 32.7% this year. Fasig-Tipton president Walt Robertson summed up bluntly: "It was huge!" And marketing director Terence Collier noted: "This year there were enough horses that fell in different ranges to fit a wider range of buyers. There were people playing at all levels of the market. Who would have ever thought that a horse could bring US$16 million at a 2YO sale?"

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