A spirit of optimism is sweeping through the horse racing community which bodes well for the future of horse racing, because despite a volatile global economy, even though buyers are becoming more discerning about which horses they do buy that doesn't mean they're not prepared to spend more money to get the horses they want. If the Fasig-Tipton yearling sales are any indication of an economic upswing then horse racing enthusiasts had better saddle up for a thrilling ride. The Fasig-Tipton Kentucky July North American yearling sale kick started the buying cycle on a high note with reports that their total sales for the first day amounted to $15,364,000. That figure was 15% higher than last year's figure of $13,349,000 even though fewer horses were sold despite having a larger catalog. Clearly trainers are more confident about investing their money in yearlings, and investing more in quality rather than quantity.
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