Fasig-Tipton Midlantic for 2-year-olds in May during the Training Sale that started May 22 with a slow start but quickly gained momentum, making improvements in all measures significant statistics compared to the first day of last year. A Paul Sharp consigned Mendelssohn dirty (Hip 245) made headlines a day after selling for $800,000 to Speedway Stables over the phone.
The gray or shaggy dog, bred in Kentucky by Kendall Hansen and MD Racing, was solicited by CSV from Keeneland’s September Semi-Annual Show last year for $125,000. Winner bet Lady Hansen crossed the eighth mile professionally on: 10 May last week.
Peter and Ann Fluor and KC Weiner’s Speedway Stables purchased the first two for a total of $1.3 million. Their second purchase by dealer Marette Farrell was $500,000 Not this time colt is consigned by Pick View, agent is Hip 198.
Fasig-Tipton President and CEO Boyd Browning Jr. “Definitely a 20 percent increase in the average and acceptable RNA rates compared to Day One last year.”
Boyd Browning at FT Midlantic Sale
At the end of Monday, Fasig-Tipton reported 161 horses had changed hands out of the 215 that passed through the ring for a total of $16,975,000, a 7.7% increase from 2022. The 105,435 average. dollars on the day are up 15% and the $60,000 average is up 20% year over year. The RNA ratio was 25.1% representing 54 unsold horses.
Last year, Day 1 of the Midlantic Sale, 172 horses were sold out of the 231 offered for sale with a total of $15,755,700, a median of $91,603 and a median of $50,000. There were 59 horses that failed to meet the reserve, corresponding to a redemption rate of 25.5%.
Mendelssohn’s Top 10 Horses, great rotation , Uncle Mo , faucet Not this time, spinning candy , Music by Maclean , Omaha Beach , Vino Rosso And Map of Liam sold to 10 different buyers/partners and for $350,000 or more.
First day top shipper Wavertree Stables sold 10 of their 11 horses on offer for a total of $1,729,000 with an average price of $172,900 to top the shipper leaderboard. stock on Monday. Pick View’s Joe Pickerrell also had a great day selling a total of $1,697,000 for seven of the eight items on sale, with an average of $242,429 to be the second-highest shipper. calculated in total.
Shipper Paul Sharp at FT Midlantic Sale
“I’d say the top end of the market is really good,” Sharp said. “The mid-market here is probably going up a bit.” “We’ve always needed help in the mid-market. There’s a lot of horses here and good horses may not be as fast as we can see in Ocala. But they’re still good horses. ; people should pay attention to it.”
Shipper Julie Davies, who sold a $600,000 Tapit colt (Hip 250) to dealer Steve Young, said: “It’s more similar; the top is there and strong, and here in Timonium, there are more people here for the other horses.” .
Sales continue tomorrow, with the Hips 301-603 going through the ring at 11 a.m. ET. As of Monday evening, 53 horses had been withdrawn from the second session.
Browning notes: “Overall, it’s an interesting market; there’s stiff competition for more expensive horses than usual when it comes to this type of sale. You can see the stall fills up when a horse is brought in. a few dollars or more.” “When a horse is about to bring in $25,000, you can see the auction team working hard to try to attract bidders for those horses. The market is growing healthy in the high segment. level; the trend that we have seen in the last 2 years – secondhand sales this year. on. Again it’s healthy, but not euphoric.”
