Fasig-Tipton February Sale Sees the Real Market

The last chance to select one-year-old seedlings and saplings at live auction ended February 7 with solid results at the Fasig-Tipton Kentucky Winter Mixed Auction. The Nyquist mare Lemieux won the top title on Tuesday after receiving $400,000 from dealer John Williams for Nice Guys Stables to top both days of the sale.

Taylor Made sales agent deposited the gray 4-year-old puppy as a hatching prospect (Hip 588) into the addendum catalog. As a bet winner in the 2021 Brethren Juvenile Fillies Stakes for DJ Stables owner and Hall of Fame coach Mark Casse, she sold on Tuesday with a 2-2-0 record in 10 starts and earned $140,989. Her half-sister by Sightstown , brilliant cut ranked 1 in La Brea Stakes (G1) in 2021 before being added to the February 2022 Sale and topping the sale for $750,000, selling to Katsumi Yoshida of Japan.

“She’s a lovely horse and stands out in this category,” says John Williams. “Nice Guys Stables are constantly trying to improve their broodmare band. This is the kind of dirty guy who can do it, with her mother young and her half-sister mixed. create to gunman and her mother just had a essential quality in this week. And the second dam is still working, and there’s a pretty good male prospect down there. She has a lot of good things going for her.”

Both fillings come out polish a diamond via Factor from the impressive family of Touch your feet dam of class 1 champion diamond grade 2 highest title grade 1 Bonnie Blue Flag and the dam of the new mare to grade 1 life is good .

Asked if the $400,000 price tag would come as a surprise, Williams said: “I think we’re going to have to spend that money to get her. The market says quality now. I’m too old so can’t buy look at these numbers, but that’s the market and you have to adjust to it. I think Nice Guys Stables will have a great future if they keep buying these mares.”

With a single purchase, Nice Guys Stables was the top buyer in the second session.

Fasig-Tipton President and CEO Boyd Browning Jr. “When you look at the global or big picture perspective, the ability to create liquidity helps every market and allows people to reinvest one at a time to convert assets into dollars and then hopefully reinvest. invest those dollars in the same or similar asset class along the way.”

Similar to last year, additional items accounted for the top selling price and many other six-figure cards.

Browning said: “Another solid day; I think we’ve seen a continuation of the market we went through yesterday, in January and last year.” “I think it’s a very fair market, you can buy the horses you want to buy, but you usually pay more than you want.

“When you’re selling horses, if you have quality, you can get what you think, maybe a little more, but there won’t be a sense of euphoria. If you’re trying to sell for a lower price, that’s the thing. It’s been tough. It’s been tough for the last 10 years, and the reality is that’s just the market.”

The second and final session ended with 211 horses sold out of 238 through the ring for a total of $8,444,900 (down 20.7% y/y). It generated an average price of $40,023 (down 12.4%) and an average price of $20,000 (up 11.1%). The 27 horses did not reach the starting price to represent an RNA ratio of 11.3%.

“It’s a typical February sale. It’s a calendar year-end sale where people buy a few mares,” said Kerry Cauthen, managing partner at Four Star Sales. “The good stuff, like every sale (it used to be), is selling well. It’s a bit hard on the lower end, but if it’s properly booked, it’s selling well, keeping customers happy. heart.”

The top 10 horses were sold to 10 different buyers in the second session and there were 22 horses sold for $100,000 or more.

After the second session of 2022, Fasig-Tipton reported 233 horses out of 251 offered for sale for a total of $10,646,700, median price $45,694 and median price $18,000 la. Eighteen horses failed to meet their reserves, representing an RNA ratio of 7.2%.

Cumulating over the past two days, 402 horses have changed hands of 467 horses under the hammer with a final figure of $14,105,200 (18.2% down from 2022), with an average price of $35,088. dollars (down 12.3%) and the average price was $15,000 (down 6.3%). Sixty-five horses did not sell, representing an RNA ratio of 13.9%. On both days, the top 10 horses were sold to separate buyers for $210,000 or more.

At the end of last year’s sale, 431 horses were sold out of the 487 horses to pass through the ring for a total of $17,245,500, matching an average price of $40,013 and an average price of $40,013. 16,000 dollars. Fifty-six horses did not reach the reserve to represent an RNA ratio of 11.5%.

“The nature of our industry is pretty amazing. If we had 50 more good horses to lead over here right now, buyers would be lining up to bid on them,” Browning said. “I think the psychological aspect of the attitude of most Thoroughbreds in today’s industry, whether it’s sales or racing, is positive. That’s not to say we haven’t all met. problems and we have some things that we’re all trying to get through, but I think there’s a sense of confidence.”

Bill and Corinne Heiligbrot purchased three horses for a total of $580,000 to be the top cumulative buyers for the sale.

“I think it’s more of a similarity in the market,” said Taylor Made Sales CEO Mark Taylor. “We have a wide range of qualities, but anything that sounds good and is race-ready offers a fair amount and sometimes a premium, depending on the results of the shoot. X-rays The chicks are selling well; the quality is a bit lacking. I’ve heard from many street vendors that there’s not much quality in pedigree or package deals. What’s here, it’s pretty strong and selling well.

“We bought a mare yesterday and were a bit disappointed. It’s a foal to justification , it’s a bit of a headache, but other than that, everything is very fair. From what we judge things to come, they usually bring more.”

Longtime leading consignment firm Taylor Made Sales Agency sold 51 horses in the last two days with a final figure of $2,007,2000 with an average of $39,357 per horse to be a consignment company. top send. On Tuesday, Taylor Made sold 25 horses for a total of $1,385,200, at an average of $55,408, to be the top depositor in the session.

“It was a good sale. All of our horses and students did well,” said Dr. Laurie Lawrence of Maine Chance Farm. “This is a great opportunity for our University of Kentucky students to get out and experience the job of sales.”

Browning added: “I think the people involved in our business are, by nature, eternal optimists of hope that lasts forever; we’re all looking for the horse. Whether you’re looking to buy one to win 1st grade or trying to breed one that goes on to win 1st grade, we’re trying to make miracles, and the great thing is, none of us know.”