The Saratoga Sale, Fasig-Tipton’s top-picked sale of the year in Saratoga Springs, NY, kicked off with a big hit Aug. 8 at the Humphrey S. Finney Pavilion as the total, average, and median average increase.
The atmosphere is electric, with a packed house inside and in the back loop. The son of Uncle Mo consigned by Lane’s End as Hip 68 won the top title after selling for $1.5 million to a West Point Thoroughbreds partner and Woodford Racing, LEB, dealer. The foal bred by Jane Lyon Summer Wind Equine was one of four ponies aspiring to hit the seven-figure mark on Monday night.
“You can feel the excitement tonight in Saratoga. The atmosphere is electric, the quality of the horses is immeasurably great, and the quality of the people here to buy those horses is immaculate. It’s a great environment to hold an auction,” -Tipton President and CEO Fasig, Boyd Browning Jr., commented late Monday night.
The first day of sale saw 69 of the 86 annuities caught, selling for a total of $28,930,000. A median price of $419,275 is established, showing a year-over-year increase of 16%. A median price of $350,000 was reached, up $50,000 from 2021. A low RNA rate of 19.8% represents 17 students last year who failed to meet their reserves Monday night. .
Boyd Browning at Fasig-Tipton
“We’re thrilled with the inaugural session of the 2022 Anniversary Promotion in Saratoga,” Browning said. While there has been significant improvement in all statistical categories, we’ve hit the mark. super perfect with an average gain of 16% and an average of 16%”. “We’re thrilled with those numbers. Total sales went up 17%, and RNA under 20% in a highly selective sale is a huge achievement.”
In the 2021 edition of The Saratoga Sale, Day One accounted for 70 yearbooks sold out of a total of 96 across the ring, for a total of $25,280,000. The average price achieved is $361,143, with an average price of $300,000. Twenty-six horses failed to meet their reserves, representing an RNA ratio of 27%.
Colts of the leading mare Into Mischief (Hip 74 and 102), Evenly (Hip 78), and Uncle Mo (68 years old) sold seven figures on Monday, surpassing last year’s total of four horses sold by seven figures on both sale days.
Lane’s End sales manager, Allaire Ryan, commented on the strength of the market: “Very powerful. There’s also a lot of depth; I think if you have a quality individual, there’s no shortage of work from him. vet — whether it’s from players or end users. Obviously there is competition at the highest level for those kinds of elite services. this sale is unbelievable. We’ve been very busy all the way through and everyone is here with good intentions. It’s great to see the select market start with a strong footstep like this; it delivers gives us the optimism to start selling in the fall right now.”
Blackstone Farm rancher Christian Black saw the Hip 78 sell for $1.1 million through Warrendale Sales for MV Magnier, who asked Michael Wallace of the fledgling Telluride Agency to sign the tickets.
“I think it’s a very competitive market if you have the right horse,” Black said. “It’s polarizing as always. This (elite) segment of the market has always been pretty strong, but it’s a good market.”
Terry Finley at Fasig-Tipton
West Point Thoroughbreds and Woodford Racing (LEB, dealer) were the top buyers in the session with their single purchase of $1.5 million.
“There’s a lot going on in the world, but I don’t think horse buyers at this level are affected much,” West Point Chairman and CEO Terry Finley commented after signing. Sales slip for the pony at the beginning of the session. “I know that there are some significant buyers (scramble the horse.) I think there are probably more than both of us have passed the million dollar mark.
“Obviously, in a mass market, the market tells you what to pay. (It’s) very competitive. I’ve seen prices; you’ve got good, solid ponies, no pedigree. valued at between $700,000 and $800,000,” Finley added. “When you have a little more pedigree and physicality, you’re in the range of one to two million. What matters is how far they want to go on the other side.”
Longtime top shipper Taylor Made Sales Agency sent 15 horses to the exchange on Monday and saw 13 horses change hands for a total of $4,565,000 with an average price of $351,154.
“The most encouraging thing is the breadth of buyers when you look through the results,” Browning commented. “There’s been a lot of activity from a diverse group of buyers. We know there’s been some competition to sell privately and our goal is to sell everything we don’t sell tonight through the exchange tomorrow. fighting, to sell them. It’s important to have such a high liquidation rate.”
The sale ends tomorrow with the Hips 107-216 scheduled to cross the ring at 6:30 p.m. ET.
Browning added: “Great start, and I can’t wait for tomorrow. I’m really looking forward to it. It’s all related to the quality of the horses and the many people who have brought great horses in. here; I hope they feel rewarded tonight.”
