The ball started rolling on July 11 at Fasig-Tipton’s July Sale, marking the annual off season with fair and balanced results. This day is reinforced by the first dark horse of 2020 and the champion 3 year old pony Real received $475,000 from Alex and Jo Ann Lieblong.
Sales agent Taylor Made deposited the filthy animal on behalf of her breeder’s Spendthrift Farm. The April-born boy is a half-sibling with two winners and from the family of many 1st grade winners paradise forest and bet winner Forest chat .
Fasig-Tipton President and CEO, Boyd Browning Jr., said Tuesday night: “I think we’ve got off to a great start to the coveted sales market through 2023.” The average is down slightly from last year, the average is down slightly and the RNA ratio is up slightly. Honestly, those are probably the expectations most of us had when we entered the market.”
Boyd Browning sales
Fasig-Tipton reported 207 horses out of 304 sold for a total of $20,507,000, down 5.8% year over year. The median price fell 14% to $99,068 and the median price of $77,000, down 14.4%, was recorded. There were 97 horses that did not meet the reserve, accounting for an RNA ratio of 31.9%.
During last year’s sale, 189 horses out of 248 offered for sale were sold for a total of $21,763,500. A median price of $115,151 and an average price of $90,000 were recorded. The RNA ratio was 23.8% representing 59 unsold pups.
“I think it’s a fair market,” Browning said. “I don’t think there are any big surprises. I don’t think anyone is excited and I don’t think anyone thinks the market is terrible.”
The top five cubs sold for $300,000 or more for five separate entities. According to him, they are: Authentic (Hip 174—$475,000); good magic (Hips 175—$370,000 and Hips 276—$330,000); Blame (Hip 289—$310,000); And Not this time (Hip 312—300,000 dollars). Twenty-one chicks are sold for $200,000 or more.
“Buyers complain that they can’t get what they want and pay too much for what they’ve bought,” says Browning. “The sellers say it’s hard for us to sell our horses and we wish we could make more money, so it’s a pretty fair and balanced market. We all realize that. that we’re almost out of an excited market for 2022 when we’ve seen a significant increase across the board.”
Coach Kenny McPeek made seven purchases on behalf of various clients totaling $995,000, averaging $142,143 each, to be the top purchaser of the purchase. .
Browning added: “I think we’ve had a bit of a real-world correction today. We’ve seen this market coming into the 2-year market this year. It’s still a very healthy market. a quality product, be very realistic about your stocks and checks, and know that there is a lot of money for a lot of horses.For some horses, you better be careful when ordering. your reserves.”
Sales agent Taylor Made sold 26 saplings on Tuesday for a total of $3,304,000 and an average of $127,077 to be the top shipper by total amount.
Mark Taylor, president and chief executive officer of Taylor Made Sales, said: “There have been a few weak points, but overall it’s been great. “We sold an Authentic for $475,000, a Malibu Moon for $200,000, and a few more Vekomas. The first part of the sale, the new sire showcase, took a while to make. hot, as far as I can tell, but the good horses are selling well.As always, at this sale, testing is important because the perception is, ‘I have a lot of horses coming first. face me for the rest of the year and I don’t need to buy anything with a problem right now.'”
The first 109 hips through the ring on Tuesday dominated for the Freshman Sire Showcase, which gradually saw the horses traded but still a few, contributing to Tuesday’s increase in RNA rates. compared to last year. For the rollout, an RNA ratio of 40% was done with 55 of the 92 services sold. As a group, according to some riders, this year’s first breeding may not be considered as commercial as last year.
Kerry Cauthen, managing partner of Four Star Sales, said: “There are a few spots where it’s a bit sticky, but overall it’s great when used well. “It’s an early sale, and sometimes buyers know there will be more (towards the end of the year). That’s the nature of this sale; you have interested horse buyers and you will do well. Others don’t’ Don’t sell, I don’t mind. I have a Maximus Mischief that is not in reserve, and I love this horse. We will bring it back in October.”
The next sale for the Fasig-Tipton is in New York at the Saratoga Selected Sale of Yearlings, August 7-8, followed by the New York-Bred Yearlings Sale, August 13-14.
