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Maryland 2YOs Day-1: Average Down 12.3%
Overall on Day-1 in Maryland, 158 lots sold for US$7,213,300: down 21.2% on last year's 176 sold for US$9,158,700). The US$45,654 average was down 12.3% (from US52,038 last year) & the US$27,000 median was down 8.5% (from US$29,500 last year). The buy-back rate increased from 27.6% in 2007 to 34.7% this year. Fasig-Tipton officials expect a rally on Day-2, which buyers & sellers agree will feature the sale's highest-priced horses. Fasig-Tipton director of marketing Terence Collier told thoroughbredtimes.com: "We're obviously not elated to be down, but it was not unexpected & from the auction stand there appeared to be pretty good trade at all price levels whenever a horse gave the buyers a reason to be interested. The sellers know what the horses are worth & the buyers know what they're willing to pay & the 2 parties were meeting in the middle enough to make it a satisfactory market."