Business soared at the Fasig-Tipton Midlantic sale

Buyers continued to show a willingness to spend on top quality juvenile prospects in a lively final session of the Fasig-Tipton Midlantic 2-Year-Old Sale in Training on May 21 at the Maryland State Fairgrounds in Timonium.

A total of 188 horses sold for a total value of $18,949,500 on the second day of the auction, equating to an average price of $100,795. The average price was $50,000 and a total of 35 horses were unsold during the session.

All told during the auction’s two trading days, 343 sold for a total of $32,751,500, compared to 375 sold for $34,795,500 in 2023. Average price this year of 95,485 USD set a record. That’s up from last year’s average of $92,788 and eclipses the 2022 record of $95,391. This year’s average price is $50,000, the same as last year’s average price and also reached a sales record. A total of 71 horses were understocked this year, compared with 62 a year ago.

The sales results reflect the depth and variety of international buying over the two trading days and included buyers from Dubai, Saudi Arabia, Japan and South Korea. International buyers have been active across a wide range of markets.

“The performance was very encouraging,” said Boyd Browning, president and CEO of Fasig-Tipton. “The sale has received a significant boost and support from international participation, especially from the Gulf region. We should all be knocking on the door in hope that next year the horses American exports will gain more success in the Middle East race as it will continue to attract more and more interest to our market.

“I think everyone in the United States would say that one market is expanding that we all identify with as the Middle East. We see a continued movement toward dirt track racing and the industry as a whole.” Our industry is largely focused on dirt racing from breeding.” From perspective, this is a great opportunity for market growth. I still believe that buyers will be more comfortable buying a dirt track because the vast majority of horses in America run on dirt tracks.

“We are very appreciative of our consignors bringing us some quality goods, and I hope that it signals success on the track for buyers and success for sales in the future for our shippers and for us.”

Topping the final session and sales was Hip 401, a complete product of Bolt d’Oro who sold for $1,250,000 to Winchell Thoroughbreds. The transaction marks the ninth consecutive year that the sale has achieved seven-figure sales. Commissioned by dealer Wavertree Stables (Ciaran Dunne), this mare is produced from the winning mare Arch Wolf Man . Bred in Kentucky by Springhouse Farm, this precocious filly was acquired by Havertz Bloodstock for $335,000 from the Paramount Sales lot at the 2023 Keeneland September Sale. She hit the eighth shot at :10 in her final practice session on Friday.

Video BH+ on top sales

Of the market at the Midlantic Sale, Dunne said: “We’ve had a good sale. Just like anything else, if you have a bad sale, you’re going to see a bad end of the market. If you have a good sale.” , you see. Horses that perform well and are well tested sell well. And we did sell a few at the lower end, but they were horses that we thought were time to move on. bring a lot of money, but having someone come pick them up is the big problem.”

Hip 276, a dirty shot by Bernardini in no Medaglia d’Oro mare Rubies are red , which topped Monday’s early trading session, sold to Pedro Lanz, a dealer for KAS Stables based in Saudi Arabia, for $650,000. Commissioned by Joanna and Clovis Crane’s Crane Thoroughbred Services, the filly, has a half-sister to faucet would remain in the United States and be sent to trainer Bill Mott at Saratoga.