2025 Lexington Select

[wisha roder]

Time will tell but the tariffs are going to tank it as we pay the tariffs when buying stuff.

Rising tariffs / trade policy uncertainty
Tariff increases and trade conflicts are injecting uncertainty, increasing costs, and creating headwinds for supply chains.

Many industries cutting jobs
Over 50% of U.S. industries have reportedly shown declines in employment in recent months.
The Economic Time
+1

Dollar weakness / capital flows
The U.S. dollar has weakened significantly against other major currencies


These are major warning signsd ...and you believe the economy and jobs reports were accurate during the fake president's administration?  Give me a break. 

[Brown jug]

timbo
is not hard to figure why meander did not want him
anyone can see the breeding
clearly there was a another issue he did not like about the horse

[jupiter]

They are what they are, if Melander wasn't interested at all has to tell you there's a big hole.

[AgentQ]

nothing more disgusting than seeing the top breeders run up their day 1/2/and3 horses. The same rich guys keep getting scammed every year, thinking that they are bidding against another owner.

[Grandstand Handicapper]

The right product always sells well. Always has, always will. And that's the high end of the market, which was strong. If you want to see good sale or bad, just look at each session compared to the past. Session 1 was strong. This year's first session gross was down a bit from last year, but last year was the best of all time. The average was down a bit more than last year, which was also the best ever. The median was about the same, but was down substantially from the record which was the year before last. If you want to really see where the market is, don't just look at the gross, and understand that even the average can be distorted. Look at the median (relative to the #'s sold).

The high end was strong, and yes, the OBBBA has a very positive impact. If you don't think so, you didn't sign any tickets at the sale, nor did you talk to anyone who did. Now look at the last session. Down big time. Numbers were way off. The gross was down about 25%, the average about 20%, and the median was down 10%, which is very substantial. The median price was.....$18,000. Who is making money selling a yearling for $18,000. Nobody! A lot of new consigners showed up this year, and they did well, some very well.....at the high end of the market. The bottom will fall out. Nobody can make money there. There may be a market for those horses, but nobody can make money selling them.