02/08/2016 7:25PM

Fasig-Tipton February: Steep declines in opening session


With the strength of the catalog largely coming in its second day, the opening session of the Fasig-Tipton Kentucky winter mixed sale further illustrated the market’s aversion toward less commercial offerings, posting significant declines across the board.

Monday’s session saw 185 horses sold for $3,295,500, down 17 percent from last year’s opening day, when 131 horses brought $3,968,400. The first session of last year’s catalog included 200 entries, while this year’s renewal had 296 initially scheduled to go through the ring.

The average sale price declined 41 percent from $30,293 to $17,814, while the median fell 53 percent from $17,000 to $8,000. The buyback rate finished at 25 percent, up from 20 percent.

:: Get live video of the Fasig-Tipton February sale, plus news and analysis from staff, on DRF Live ::

At the top of the market one horse changed hands for $200,000 or more, trailing the four to do so during the first session of last year’s auction. The five horses to bring six figures on Monday was two less than the comparable session in 2015.

“I thought it was fairly predictable, about as expected,” said Fasig-Tipton president Boyd Browning. “If you would ask the buyers that were bidding on what were considering the higher-quality lots, they thought it was pretty difficult to buy those. If you were selling a horse that was worth less than $15,000 or $20,000, it was very difficult.

“We continue to see a polarized market,” he continued. “Buyers are very selective, but they’re also very competitive. It’s the same trends we’ve seen in recent months and years, and I think we’ll see some of those same trends continue tomorrow. As the catalog’s fallen, I think certainly there are some higher-quality offerings tomorrow, and I would expect more fireworks tomorrow than we did today.”

Green Lantern Stables purchased session-topper Maggie d’Oro for $210,000.

The unraced 6-year-old Medaglia d’Oro mare went through the ring in foal to the late sire Scat Daddy, which will be her second foal after producing a Data Link colt in 2015.

"I love her racy look, I love her family, I love the sire she's in foal to,” said Patrick Masson, breeding consultant for Green Lantern Stables. "She'll be bred back to Paynter this coming season. The philosophy that my dad (Green Lantern owner and general manager Richard Masson) and I have are to buy good-pedigreed or good racehorses, and I feel she could throw a really good racehorse or a really good sale horse."

Bred in Kentucky by MAP Mare Partnership #2, Maggie d’Oro is out of the winning Tunerup mare Ionlyhaveeyesforu, whose nine foals to race are all winners, including Grade 3 winner Gaff and stakes-placed full sister Christina d’Oro. She is also a half sibling to three stakes producers Get an Eye Full, dam of Grade 2-placed stakes winner Katie’s Eyes; Chasing Lightning, whose three blacktype earners include stakes winner Lovely Daniella; and Takealookatmenow,dam of stakes-placed Gorgeous Goomah. The extended family includes Grade 3 winner Ifyoucouldseemenow.

Select Sales consigned Maggie d’Oro as agent.

Patrick Masson said after the purchase that the price was higher than he expected to go, but it was a reality of the current market.

"It was a bit iffy,” he said. “I didn't really want to spend that much on her, but with a horse like that and the way the market's going, everyone's on single horses, and that's kind of what happened here. She's in foal to Scat Daddy, and you can't get any more. Hopefully she works out for us."

An Uncle Mo colt topped the newly-turned yearlings, selling to Blue Bird Bloodstock for $55,000.

Bred in Kentucky by the partnership of Greg Partain, Cory Williams, Ned Williams, and Mike Matese, the colt is out of the winning Fair Skies mare Two Foxie, whose five winners from seven foals to race includes Grade 3 winner Maddalena and Grade 3-placed Haley’s Lolipop. He is from the family of Turkish champion Agresivo and Grade 2 winner Bern Identity.

Stuart Morris consigned the colt as agent.

The second and final session of the Fasig-Tipton Kentucky winter mixed sale commences Tuesday at 11 a.m. Eastern.

For complete sale results, click here.