New sales records were reached for totals and averages as the Fasig-Tipton Kentucky Winter Mixed Sale closed February 9 near Lexington, home to a $750,000 racing or broodmare prospect. Great cutting End two days of action with a bang.
Japan’s Katsumi Yoshida has seen competitors bid over the internet to protect her 4-year-old daughter. Sightstown from new shipper Highgate Sales. The Brilliant Cut topped the two-run sales with a cumulative total of $17,245,500 for 431 horses sold for an average of $40,013, with an average of $16,000. Cumulatively, 56 horses failed to meet their reserves, exhibiting an extremely low RNA ratio of 11.5%. The average is the highest in the history of sales for a single year without dispersion and the second highest overall. The previous record total of $13,781,700 was set in 2014. The RNA share was the third lowest in sales history and the lowest since the record was set in 1992.
Fasig-Tipton President and CEO, Boyd Browning Jr., said: “Sales are great, work great on all types of horses and at all levels,” which is most encouraging. market depth. on Sunday. You can walk around and see many horses for sale in many stables. I think we all say, ‘This is going to be okay.’ “
Boyd Browning Jr. at Fasig-Tipton
Fasig-Tipton reported during the second day of the sale that 233 horses were traded out of the 251 that passed through the ring. It accounted for a total of $10,646,700, a median price of $45,694, and an average of $18,000. A low RNA rate of 7.2% represents 18 unsold horses.
In 2021, Fasig-Tipton reported 218 horses sold from the 260 offered on Monday for a total of $8,550,400. The median is $39,222 and the median is $11,000. The 42 unsold horses represent an RNA ratio of 16.2%. During the two-day sale in 2021, 425 horses were reported to have sold for $12,506,700. The 99 unsold horses represent a cumulative RNA rate of 18.9%.
“We’ve got an outstanding payout ratio, a very healthy market that’s even improved from last year, which is good,” Browning commented. “From our perspective, the good thing for us is that the February sale has established itself as a meaningful drop on the calendar that people can head towards the horses.
The best-selling 4-year-old daughter of Sightstown (Hip 541) has been in form lately with his second goal in the La Brea Stakes (G1) game on December 26 along with a top spot at the Santa Ynez Stakes (G2) last season.
Jill Gordon and Jacob West of Highgate Sales were delighted with the results of two days.
Gordon said: “We are pleased to announce that we were 10 out of 10 at the first sale. We cannot thank our customers enough.” “All in all, it couldn’t be a better way to start.”
Yoshida’s one-time purchase made him the top buyer of the sale. Taylor Made’s sales agency closed the sale as the top shipper by total after selling 52 of their 58 horses for a total of $4,323,500.
David Meah of Meah/Lloyd Bloodstock bought the second-highest product of the day, Lady Edith , for $370,000 for a new partnership in Abbodanza Racing and Omar Aldabbagh. The Hermitage Farm consigned the 4-year-old by Street boss as Hip 350 for The Estate by J. David Richardson, who bred and campaigned for dirt with Sandra New.
Lady Edith of Fasig-Tipton
Taylor Made’s sales agency consigned the session’s top stallion, Lucky Draw (Hip 369), who sold the ponies to the Three Chimneys’ top stallion Gunman for $330,000 to Gracie Bloodstock, dealer. Not marked Look at luck mare made a bet winner in her first pony by Frosted , You look so cold winner of the Best City Stakes.
Four Star Sales purchases on behalf of the pinhooking partnership picked up the highest priced short-term craving of the day, a pony of City of light for $180,000 from Taylor Made as Hip’s Sales Agency 337. The pony out of Justwalkonby, by Giant high riser bred in Kentucky by Fred Hertrich III, John Fielding and Robert Tribbett.
The City of Light was the best-selling male of the year (minimum two sold) in both average ($220,000) and total ($440,000). Gun Runner was the top-selling film (minimum two sold) with an average of $205,000 and a gross of $820,000.
“I think this is something we’ll see later this year; at least we’re all leaning on it,” said buyer/shipper Kerry Cauthen of Four Star Sales. “Things are going to shift with the economy, we’re starting to tighten interest rates and it’s going to come down. However, we have high demand for racehorses and Kentucky will be one of the strongest if not to say the strongest around We have a lot of new players if you look around… the people who weren’t in the market this year were replaced and then some people I think there were a lot of people excitement. “
A teenager of Spendthrift’s sire Can be heard sold for $165,000 to Castleton Way making it the highest-priced feature-length feature film of the day. Blake-Albina Thoroughbred Services contracted her as Hip 462. Newtown Anner Stud bred a New York-born chubby girl from a stock winner Rachel’s Temper .
“I’ve been doing this for a long time and I can’t tell you what the ‘new normal’ is in terms of the market. Obviously, it’s sane and has a substantial amount of money, but I don’t like the model. characterization,” commented Browning. “The market is always moving and evolving. I think in recent years we’ve seen a strong correlation between the Purebred industry and the U.S. and world economy and as long as those things stay healthy. , I think we’ll continue to have an active market.”
Jacob West at Fasig-Tipton
West said: “It was powerful; I had trial orders for everything from crossbreeds to promising stallions to pregnant mares, and I was able to buy a horse.” “It’s very strong, there are quality horses here and they’re selling well. Water. Quality produce is bringing in quality money and it looks like it will for the foreseeable future.”
“It’s been a great sale; we’re thrilled,” said Derek MacKenzie of Vinery Sale. “Our RNA ratio is low, and if we were to make RNA, we would sell them pretty quickly after they ship.
“I think every year people are targeting this sale with specific horses; ponies coming here or promising stallions. It’s looking for a niche market. We’ve put a good group coming here over the last few years and we are targeting certain horses for this sale.”
Cauthen shares a similar feeling about closing a sale on day two.
“This is a good sale,” he said. “It’s not a sale where you’re going to light up here and there, but you’re giving the horse to another man to find treasure. You want the horses to be delivered to owners who are looking to sell. , so every time you complete a trade, it’s a win for me.”
Online bidding has become a new normal for buyers worldwide. Both February Sales sessions were topped by a foreign organization buying over the internet.
“One of the positives of COVID-19 is online bidding, which increases the information provided online in the form of photos and videos accessible around the world. In previous years, we sold horses. to the Japanese from this sale, but they usually have an agent here on the premises,” Browning said. “You can go online and watch videos, learn about races, access veterinary information. We’ve all learned how to provide more information to buyers around the world, increasing their chances of bidding. . People are already comfortable bidding online.”
The last stock sale of the season has ended for Fasig-Tipton and now all eyes will be on the fry market. Next will be The Gulfstream Sale, Fasig-Tipton selling selected 2-year-olds held at Gulfstream Park March 30.
“The most difficult sales team was the 2-year-old sales team. They had the most demanding requirements – video, timing, gallop, veterinary and final stages,” says Browning. “There are more boxes to tick, but when you check the majority of those boxes, it will be interesting to sell horses at the 2-year-old sale in 2022.”
