Only two Virginia-bred yearlings were consigned to the opening session of the Fasig-Tipton Kentucky July Yearling Sale, and both were sold.

Hip #47, colt by Bernardini, out of Western League by Forty Niner, consigned by Marshall W. Silverman, Agent (bred by James S. Carter) – $150,000, W. K. Warren, Jr.

Hip #193, filly by Bellamy Road, out of Payable on Demand by Out of Place, consigned by Warrendale Sales, Agent for Lazy Land Farms, Inc. (bred by Lazy Lane Farm, Inc.) – $55,000, Starlight Partners

Fasig-Tipton reported the sale of 125 horses from 217 offered for total sales of $8,933,500, a 32.9% decline from last year, when 142 sold for $13,311,000. The average price dropped 23.8% to $71,468 while the median price dropped 33.3% to $50,000.

The buy-back rate, which was 44.1% a year ago, improved slightly to a still very high 42.4%.

“We were down 20 some percent (in average), and the world is down 35%; I’m not too unhappy about what happened today,” said Fasig-Tipton chairman Walt Robertson. “You’re always unhappy to be down, but man, we had to expect some of it. I don’t know of a game that is as good as it was last year.”

“We have to be realistic,” said Bill Farish of Lane’s End Farm. “The market isn’t what it was, and you have to readjust your sights. I think we are going to continue to see the market shrink, and that’s a natural, given the economy that’s out there.”