AVERAGE/MEDIAN PRICE PER YEARLING
Accounting for nearly half the dollar volume of the auction sales market, the yearling market is generally accepted as being a true barometer of the health of the Thoroughbred breeding industry. Following the record financial performance of the auction yearling market in 2006, gross sales and average price slipped 3.0% and 3.2%, respectively, in 2007 due to weakness at the top of the market following the decision of a prominent buyer to curtail purchases of yearlings and instead redeploy those resources toward the acquisition of breeding stock. However, a favorable exchange rate increased participation among foreign buyers and despite the decline in gross sales and average price, the median price per yearling sold increased to a record $15,000.
Average/Median Price Per
Yearling
| YEAR | SALE YRLGS |
PERCENT CHANGE |
YEARLING SALES GROSS |
PERCENT CHANGE |
AVERAGE PRICE |
PERCENT CHANGE |
MEDIAN PRICE |
PERCENT CHANGE |
|
|
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| 1990 | 8,760 | +2.3 | 257,342,967 | -8.7 | 29,377 | -10.7 | 7,000 | 0.0 |
| 1991 | 8,154 | -6.9 | 213,905,856 | -16.9 | 26,233 | -10.7 | 6,028 | -13.9 |
| 1992 | 7,908 | -3.0 | 180,232,617 | -15.7 | 22,791 | -13.1 | 7,000 | +16.1 |
| 1993 | 7,413 | +12.0 | 188,598,650 | +4.6 | 25,442 | +11.6 | 8,000 | +14.3 |
| 1994 | 7,706 | +4.0 | 210,336,433 | +11.5 | 27,295 | +7.3 | 9,162 | +14.5 |
| 1995 | 7,882 | +2.3 | 242,778,829 | +15.4 | 30,801 | +12.8 | 10,000 | +9.2 |
| 1996 | 8,025 | +1.8 | 277,224,816 | +14.2 | 34,539 | +12.1 | 9,500 | -5.0 |
| 1997 | 8,014 | -0.1 | 307,607,857 | +11.0 | 38,384 | +11.1 | 11,500 | +21.1 |
| 1998 | 8,275 | +3.3 | 354,058,332 | +15.1 | 42,787 | +11.5 | 11,500 | 0.0 |
| 1999 | 8,738 | +5.6 | 440,078,922 | +24.3 | 50,364 | +17.7 | 12,000 | +4.3 |
| 2000 | 9,530 | +9.1 | 519,443,808 | +18.0 | 54,506 | +8.2 | 11,500 | -4.2 |
| 2001 | 9,002 | -5.5 | 473,044,553 | -8.9 | 52,549 | -3.6 | 9,000 | -21.7 |
| 2002 | 8,941 | -0.7 | 390,714,442 | -17.4 | 43,699 | -16.8 | 11,000 | +22.2 |
| 2003 | 8,843 | -1.1 | 425,251,514 | +8.8 | 48,089 | +10.0 | 12,000 | +9.1 |
| 2004 | 9,412 | +6.4 | 497,153,983 | +16.9 | 52,821 | +9.8 | 13,200 | +10.0 |
| 2005 | 10,088 | +7.2 | 553,928,546 | +11.4 | 54,910 | +4.0 | 13,500 | +2.3 |
| 2006 | 10,142 | +0.5 | 579,176,596 | +4.6 | 57,107 | +4.0 | 14,000 | +3.7 |
| 2007 | 10,160 | +0.2 | 561,846,659 | -3.0 | 55,300 | -3.2 | 15,000 | +7.1 |
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