Fasig-Tipton October Sale Wraps With Record Total Sales, Average Price

Fasig-Tipton closed its October Sale of yearlings Thursday evening with the highest gross receipts and average prices in the sale’s history.

This year’s catalogue of 1,267 offerings (also a record, though just 33 more than the previous record, set in 2015) saw total sales of $35,812,900, 39 percent higher than last year’s sale. The average price of $36,507 was up 10 percent, and the $12,000 median was down 17 percent. This year’s sale saw more than 100 horses bring $100,000 or more.

The rate of horses not attaining their reserve fell slightly to 22.5 percent this year, compared to 25 percent last year.

All figures included 51 horses sold privately after failing to make their reserves in the ring.

This year’s sale added a calendar day, although Fasig-Tipton President Boyd Browning pointed out there were only about 200 more horses from 2016’s auction.

“Activity, literally through the very last horses in the ring, was significant,” Browning noted. “There were a lot of happy faces and a lot of people who had meaningful and significant sales this year, and I think that’s the most encouraging thing from our perspective, is you can bring a legitimate horse here and get paid real money.”

Browning also believes the sire power in this year’s October catalogue contributed to the improved numbers, and that combined with the sale’s strengthening reputation has given buyers additional confidence. He also sees its place on the calendar, as the last major yearling auction, as beneficial to breeders.

“If you have a horse that might need a little time from a maturity standpoint, you don’t have to push it,” he said. “You’ll be rewarded for doing the right thing by the horse and bringing it to a venue like this.”

 

Two colts tied for top price at $400,000 during Thursday’s session — one by Into Mischief and another by Curlin. Hip 1178, a bay by Into Mischief out of Dixie Union mare Im Cruising Dixie was consigned by Dromoland Farm and purchased by Mike Ryan, acting as agent. Hip 1365 the Curlin colt, consigned by Hill ‘n’ Dale Sales and purchased by trainer Mark Casse. Hip 1365 is out of Stormy Atlantic mare Mekong Delta and is from the family of Leonnatus Anteas.

The overall sale topper, sold Wednesday, was a $700,000 Medaglia d’Oro colt consigned by Baccari Bloodstock and also purchased by Mark Casse.

 

The post Fasig-Tipton October Sale Wraps With Record Total Sales, Average Price appeared first on Horse Racing News | Paulick Report.

DYFD Winter - 300x90

Comments are closed.