02/10/2014 10:08PM

Fasig-Tipton February: Mixed sale concludes on solid footing

Fasig-Tipton Photos
Hidden Expression was purchased by Gainesway for $360,000 to lead the 2014 Fasig-Tipton Kentucky winter mixed sale.

While the numbers may not show it in black and white, the 2014 edition of the Fasig-Tipton Kentucky winter mixed sale – the last mixed auction on the calendar – indicated that the bloodstock market remained stable after recovering during 2012-2013.

At the end of Monday’s second and final session, Fasig-Tipton reported 406 horses sold for a cumulative total of $13,527,500. While the final gross was 2 percent lower than last year’s single-day renewal of the Kentucky winter mixed sale, which finished at $13,781,700 from 245 sold, that sale notably featured the marquee dispersal of Eugene Melnyk’s Winding Oaks Farm.

Boosted greatly by Winding Oaks bloodstock, the 2013 sale’s gross improved 199 percent from $4,601,800 in 2012. Without a major dispersal, this year’s sale nearly eclipsed the final gross from 2012 after Sunday’s opening session, when 122 horses sold for $4,475,100.

The long-term open market improvement was apparent in other areas as well. The average sale price fell 41 percent from 2013 to 2014 – from $56,252 to $33,319 –  but showed a marked improvement from the 2012 average of $17,044.

The 2014 median rose 7 percent compared with last year’s sale, from $15,000 to $16,000. In 2012, the median price was $6,000.

The cumulative buyback rate rose to 20 percent compared with 12 percent in 2013.

“We’re very, very pleased,” said Fasig-Tipton president Boyd Browning Jr., “The most encouraging thing was there were multiple bidders from Hip No. 1 to Hip No. 588. There was interest from beginning to end at all price ranges.

“It’s a whole lot more fun to be selling horses in an upward market,” Browning continued. “There’s certainly more confidence in the marketplace than there was 24 to 36 months ago, and that confidence and momentum continues to build and increase, so I think that bodes well for our industry in 2014.”

Stakes winner Hidden Expression sold for $360,000 to Gainesway early during Monday’s second session to top the auction.

The 7-year-old Yonaguska mare, who took the Colleen Stakes at Monmouth Park as a juvenile, was consigned by Charlton, as agent, from the dispersal of the estate of Anne F. Thorington.

Neil Howard, Gainesway general manager, made the purchase on behalf of farm owner Antony Beck. Breeding plans have not been finalized, although Gainesway sire Tapit was mentioned as one possibility.

"She's everything that you want in a future broodmare," Howard said of Hidden Expression. "She's something that we thought could be one of our top broodmares in the future."

Hidden Expression's first foal, a Malibu Moon filly, sold for $350,000 to Charlotte Weber's Live Oak Plantation last year at the Keeneland September yearling sale. Gainesway has a close relationship with Weber, as it stands her Grade 1 winner To Honor and Serve. The operation has been keeping tabs on the filly – now named Moonlit Bay – and her development played into the decision to purchase her dam.

"They're very happy with the way she's progressing," Howard said about Moonlit Bay.

Hidden Expression's second foal, a yearling Hard Spun filly, followed the mare through the ring and sold for $75,000 to Austin Paul.

Out of the stakes-placed Lord Carson mare The Hess Express, Hidden Expression is a half-sister to Grade 1 Whitney Handicap winner Bullsbay; Grade 3 winner Our Khrysty; and stakes winner Vegas No Show.

Monday’s session also produced the sale-topping yearling, an Arch colt secured by Catherine Parke, agent, for $230,000.

The dark bay or brown colt is out of the unplaced Seeking the Gold mare Trappings, whose two winners from three foals to race include She Be Wild, the champion 2-year-old filly of 2009. The Kentucky-bred colt’s family also includes Grade 2-placed Dancer’s Gate and stakes winners Duck Trap and Penn Fifty Three.

Bluewater Sales, agent, consigned the colt.

Monday’s session finished with 284 horses sold for revenues of $9,052,400. The average sale price was $31,875, while the median was $16,000.

- Additional reporting by Nicole Russo

For complete results, click here.

Fasig-Tipton Kentucky winter mixed sale, final results

Year Sold Gross Average Median Buyback
2014 406 (+66%) $13,527,500 (-2%) $33,319 (-41%) $16,000 (+7%) 20%
2013 245 $13,781,700 $56,252 $15,000 12%