The Fasig-Tipton Kentucky October Yearlings Sale kicked off Oct. 25 after an hour delay resulting from storms, however the day nonetheless concluded with “no surprises” and inspiring outcomes for the primary of 4 days of promoting.
From 396 yearlings cataloged for the opening session, Fasig-Tipton reported 274 horses offered for gross receipts of $11,016,900 in comparison with 2020 receipts of $8,393,800 for the 240 horses offered on Day 1. A median worth of $40,208 was achieved to signify a rise of 18.7%, and the median worth for a horse offered elevated to $17,000. An RNA charge of 19.6% represents the 67 horses that failed to satisfy their reserve. In 2020 the opening session RNA charge was 22.3% for the 71 horses that went unsold.
The chilly, windy, moist climate didn’t maintain patrons from being lively on the grounds, which had a deep shopping for bench with some new faces not seen at a few of the yearling gross sales earlier within the season.
“We’re more than happy with the opening session of the October sale, no actual surprises, there was a variety of demand. We continued to see the power at the moment that we’ve got seen on the yearling gross sales all 12 months, hopefully from begin to end,” mentioned Fasig-Tipton president and CEO Boyd Browning Jr.
“There was exercise in any respect ranges, individuals had been complaining concerning the car parking zone being packed, and the again ring felt like November (by way of the gang). There was spirited bidding in any respect ranges with a various crowd right here shopping for. A superb opening session.”
Boyd Browning Jr.
The session topper got here early within the Tapit colt consigned as Hip 22 by Bedouin Bloodstock, agent. Donato Lanni landed the final bid of $700,000 to secure the colt for “The Avengers,” comprised of SF/Starlight/Madaket Stables. Out of the stakes-winning mare March X Press , he was bred in Kentucky by SF Bloodstock and Henry Field Bloodstock.
📽️ Watch Hip 22 c. TAPIT o/o March X Press sell for $700,000 at Kentucky October Yearlings! Congrats to the connections!#FasigKY @DonatoLanni @TomRyanKY @StarlightRacing #Madaket @Gainesway pic.twitter.com/DlIaYDypCd
— Fasig-Tipton (@FasigTiptonCo) October 25, 2021
The Kentucky-based Lanni, who has discovered the catalog higher than in earlier years, mentioned, “Some horses want somewhat extra time to mature and develop, and perhaps the sooner gross sales weren’t fairly the place for them, and this sale is an efficient place for them.”
“It is form of an attention-grabbing sale which you can have a variety of comparatively cheaper horses, and you may nonetheless have some form of E-book 1 RNAs as effectively, so it is at all times that form of unusual mixture of horses … You possibly can’t conceal a very good horse,” consignor Neal Clarke of Bedouin Bloodstock mentioned. “In the event you acquired a pleasant one, they (the patrons) will discover it. These patrons are skilled, good, and so they work onerous.”
The day’s second-highest worth of $350,000 was paid by John Fort, proprietor of Peachtree Racing, for a colt from the primary crop of Triple Crown winner Justify . Consigned by breeder Blue Heaven Farm as Hip 21, the colt is out of Maple Forest , a homebred stakes-placed mare for the local nursery.
“Consignors are feeling confident, resulting in fewer scratches,” Browning said. “Based on where the market is right now, buyers are feeling more confident with less pre-sale vetting and reading reports in the back ring.”
Consignor Paramount Sales, who sold 24 of their 27 on offer in the first session, found the day’s outcome positive and continued what they have experienced for most of the 2021 yearling season.
“I think we see the same sort of strength that we saw in September. We are coming up here with horses with little or no vet work and getting them sold. Reason by our reserves, it’s a healthy market,” Leslie Campion, account manager for Paramount Sales, said. “One of the horses we sold today for $100,000, we couldn’t get $40,000 at September, so it’s a nice surprise. There is great depth to the market.”
Stalwart consignor Machmer Hall’s Carrie Brogden found the day to be reflective of the fall sale.
“It’s more of a stock market. It’s a typical Fasig-Tipton October Sale … the big gun horses, the buyers are here for the ones that jump through the hoops. It’s a normal market, and I hope all the people making stud fees are paying attention,” Brogden said. “It’s not like September, but there is a lot of horse trade here. It is possible people are coming out of earlier sales with a little stronger reserves than they should.”
The sale continues Tuesday and runs through Oct. 28, with sessions beginning at 10 a.m. ET daily.
“We have quality horses to sell over the next three days, and we are looking forward to proceeding on,” commented Browning.
