The Fasig-Tipton Saratoga Select Yearling Sale Results
| The Fasig-Tipton Saratoga Select Yearling Sale Results |
The Fasig-Tipton Saratoga select yearling sale ended on the evening of August 9 in New York.
The sale has been described as very good, especially in light of the negative economic climate. The average price increased 15.9% from last year, and the gross revenue rose by 1.2%. Only 15 fewer horses were sold than in 2010 and the median price still grew by 4.2. The buy-back rate dropped to 22% from 28% compared to last year’s sale.
Fasig-Tipton president Boyd Browning praised consignors for sending their top yearlings to the sale, and was very pleased with the outcome. “We’re very pleased, not only for what it means for Saratoga in 2011 and in the future, but also because it came at a very good time for all of our overall industry. Hopefully, this will help propel future yearling sales in 2011, which will lead to stronger November sales, which will lead to increases in the 2-year-old market next year. All of our markets are interrelated and strength and confidence are important to any marketplace, particularly in the world that we’ve been living in.”
The gross for the 103 horses that were sold was $32,892,000. The average was $319,340 and the median was $250,000. John Ferguson acting on behalf of Sheikh Mohammed spent $8,530,000 on 13 yearlings.
Ferguson bought both top sellers from the first and second session of the sale for the price of $1.2 million. The first session top-seller was a Medaglia d’Oro – Supercharger colt named Superfection, out of Super Charger by A.P. Indy. He is a half-brother to Super Saver, the Kentucky Derby winner.
The second session, a Bernardini colt out of Easter Bunnette by Carson City was also sold for $1.2 million.
Easter Bunnette is the dam of grade I distaff runner Havre de Grace.
Both Medaglia d’Oro and Bernardini stand at Sheikh Mohammed’s Darley operation in Kentucky, and Bernardini was a homebred champion and classic winner for the Saratoga sale’s biggest spender.
