NEWS
Fasig-Tipton NY-bred sale posts massive increases
Posted: Sunday, August 14, 2011 11:28 PM
by Tom Law
Fasig-Tipton Co. wrapped up its 2011 selling season in Saratoga Springs, New York, on Sunday night with sharp increases for its New York-bred preferred yearling sale.
Fasig-Tipton reported 124 of the 183 yearlings offered as sold for a near-record $6,725,500 over the two sessions conducted after racing at nearby Saratoga Race Course on Saturday and Sunday. The total sales figure was up 83% over last year’s total of $3,676,000 for 94 yearlings sold. Average price soared 38.7% to $54,238, and median rose 16.7% to $35,000.
“It was a fantastic sale,” Fasig-Tipton President Boyd T. Browning Jr. said. “We had great interest from a variety of buyers, from end-users, to pinhookers, to New York-based folks, to non-New York-based folks. It was a very encouraging sale, not only for 2011 but for the New York-bred program going forward. … Hopefully, it’s the beginning of a very, very profitable time for the New York-bred program.”
One night removed from seeing 11 yearlings go through the ring for $100,000 or more, 11 more yearlings sold for that price range on Sunday night.
John Fort, whose Peachtree Stable celebrated a victory earlier this season in the Kentucky Oaks (G1) with Plum Pretty, helped get Sunday’s proceedings off to a strong start when he purchased a colt by Grade 3 winner Indygo Shiner for $185,000 in the early moments of the session.
Consigned by Darby Dan Farm, agent, the colt is the second foal out of the Crafty Friend mare Free as Tristan, a half sister to stakes winners Dowty and Sudana.
The Indygo Shiner colt was one of 11 yearlings that sold for $100,000 or more during the session, bringing the sale total to 22. Only four yearlings sold for $100,000 in 2010.
The sale topper was sold late during Saturday’s opening session when Everett Dobson, bidding the name of his Cheyenne Stables, went to $250,000 to purchase a colt by Dixie Union out of Grade 3-placed General Meeting mare Dash for Money. Consigned by Don Robinson’s Winter Quarter Farm, agent, the colt is from the family of stakes winners Flaming Heart, Blumin Affair, Intern, Love Medicine, and I’m the Tiger.
“The price was good and a bit more than I expected,” Robinson said. “That was really his best day. He was a nice horse, at Keeneland he’d probably be a Book 2 or Book 3-type horse and he might get lost. Here he was able to stand out. You hope that you can do that with a horse like him, but it doesn’t always work out that way.”
For hip-by-hip results, click here.
Tom Law is managing editor of Thoroughbred Times
