08/03/2010 11:38PM

Declines continue at F-T Saratoga's second session

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The first horse in the ring Tuesday night at Fasig-Tipton's Saratoga select yearling sale was the auction's only million-dollar horse at a session that saw declines across the board.
Benjamin Leon's Besilu Stables, a relatively new buyer, bought the sale-topper, a $1.2 million A. P. Indy colt who is the first foal out of champion sprinter Maryfield, by Elusive Quality. Bluewater Sales agency sold the colt.
Besilu jumped into the Thoroughbred market for the first time last year, when they bought a $650,000 Storm Cat-Get Lucky colt. The former Paso Fino Farm in Micanopy, Fla., has horses in training with Todd Pletcher, who bid on Leon's behalf.
Tuesday's session, which closed out the two-night auction in Fasig-Tipton's completely renovated Humprhey S. Finney pavilion, grossed $17,665,000 for 59 yearlings. That was down 31 percent from last season, when 75 horses brought $25,760,000. The second sessin's average price of $299,407 was 13 percent lower than last season's $343,467, and the 2010 median lost four percent, falling from $260,000 last year to $250,000. The buyback rate increased from 23 percent to 30 percent.
The two sessions combined sold 117 yearlings for $32,415,000, resulting in an average price of $277,051 and a $250,000 median. Gross fell 38 percent from last year, when a larger catalog sold 160 yearlings. Average price was down 16 percent this year, and buybacks increased substantially, from 22 percent in 2009 to 29 percent this season. The lone bright spot was the cumulative median, which held level with last year at $250,000.
Fasig-Tipton also reported seven additional private sales following Monday's opening session. Those sals, which were included in the auction's final numbers above, improved Monday night's buyback rate from 35 percent to 26 percent, as compared to the 20 percent buyback rate at last year's opening session.
"We had one horse for $1 million, and if we'd had a couple more, it would have been very similar to last year," Fasig-Tipton chairman Walt Robertson said following the sale. "I think what the world's got to realize is that $500,000 is a lot of money for a horse."
In 2009, the auction sold five yearlings for $1 million or more, including the $2.8 million sale-topping Storm Cat colt.
Sheikh Mohammed al-Maktoum, represented by his chief bloodstock agent John Ferguson, was again the auction's leading buyer. Ferguson signed for 14 yearlings totaling $6,095,000 at the 2010 auction, but his expenditures were down from last year's figure of nearly $12 million.
Maktoum accompanied Ferguson on Monday night but was not seen Tuesday night on the sale grounds.The first horse in the ring Tuesday night at Fasig-Tipton's Saratoga select yearling sale was the auction's only million-dollar horse at a session that saw declines across the board.
Benjamin Leon's Besilu Stables, a relatively new buyer, bought the sale-topper, a $1.2 million A. P. Indy colt who is the first foal out of champion sprinter Maryfield, by Elusive Quality. Bluewater Sales agency sold the colt.
Besilu jumped into the Thoroughbred market for the first time last year, when they bought a $650,000 Storm Cat-Get Lucky colt. The former Paso Fino Farm in Micanopy, Fla., has horses in training with Todd Pletcher, who bid on Leon's behalf.
Tuesday's session, which closed out the two-night auction in Fasig-Tipton's completely renovated Humprhey S. Finney pavilion, grossed $17,665,000 for 59 yearlings. That was down 31 percent from last season, when 75 horses brought $25,760,000. The second sessin's average price of $299,407 was 13 percent lower than last season's $343,467, and the 2010 median lost four percent, falling from $260,000 last year to $250,000. The buyback rate increased from 23 percent to 30 percent.
The two sessions combined sold 117 yearlings for $32,415,000, resulting in an average price of $277,051 and a $250,000 median. Gross fell 38 percent from last year, when a larger catalog sold 160 yearlings. Average price was down 16 percent this year, and buybacks increased substantially, from 22 percent in 2009 to 29 percent this season. The lone bright spot was the cumulative median, which held level with last year at $250,000.
Fasig-Tipton also reported seven additional private sales following Monday's opening session. Those sals, which were included in the auction's final numbers above, improved Monday night's buyback rate from 35 percent to 26 percent, as compared to the 20 percent buyback rate at last year's opening session.
"We had one horse for $1 million, and if we'd had a couple more, it would have been very similar to last year," Fasig-Tipton chairman Walt Robertson said following the sale. "I think what the world's got to realize is that $500,000 is a lot of money for a horse."
In 2009, the auction sold five yearlings for $1 million or more, including the $2.8 million sale-topping Storm Cat colt.
Sheikh Mohammed al-Maktoum, represented by his chief bloodstock agent John Ferguson, was again the auction's leading buyer. Ferguson signed for 14 yearlings totaling $6,095,000 at the 2010 auction, but his expenditures were down from last year's figure of nearly $12 million.
Maktoum accompanied Ferguson on Monday night but was not seen Tuesday night on the sale grounds.