07/03/2015 1:53PM

Fasig-Tipton July sale kicks off yearling season

Fasig-Tipton photo
A Cowboy Cal colt topped last year’s Fasig-Tipton Kentucky July yearling sale at $550,000.

LEXINGTON, Ky. – The North American auction calendar will make its transition into the yearling season with the Fasig-Tipton Kentucky July selected yearling sale, carrying with it the momentum of a solid 2-year-olds in training season now in the books.

The single-day sale will take place July 9 at Fasig-Tipton’s Newtown Paddocks in Lexington, beginning at 10 a.m. Eastern, to be followed immediately by the auction company’s summer selected horses of raceing age sale. The yearling portion features 332 horses, up 25 percent from the 265 horses cataloged last year.

“We’re optimistic,” Fasig-Tipton President Boyd Browning said. “I think we’ve seen an overall robust market in 2015 during the 2-year-old sale season. The economy feels fairly strong. Interest levels certainly seem at least equal to last year, if not hopefully better, so I think we’ll have a very solid marketplace.”

The July sale takes the baton from the juvenile auction season, which saw a flurry of milestone events in 2015, including record-priced horses at the Fasig-Tipton Midlantic 2-year-olds in training sale and the Ocala Breeders’ Sales Co. spring and June sales. The relocations of the Fasig-Tipton Florida sale and the Barretts May sale also were well received.

Browning said the positive momentum from the recently completed 2-year-olds in training auction season should help percolate activity in the yearling market, with pinhookers beginning to reinvest for next year’s sales.

“I think we saw the 2-year-old sales, essentially throughout the year, were good,” Browning said. “Certainly, when the 2-year-old marketplace is good, it’s indicative of buyer interest and interest in the game. It helps to have the buying population, who are the sellers in the 2-year-old marketplace, being active and replenished with cash for the yearling sales, so it’s a win-win situation.”

For those tracking the progress of first-crop sires, the July sale offers the first opportunity for some of their more advanced progeny to be tested in the marketplace. Sires represented by foals from their first crop in the July yearling sale include Aikenite, Algorithms, Astrology, Bodemeister, Bold Warrior, Brilliant Speed, Caleb’s Posse, Creative Cause, Dialed In, Dominus, Gemologist, Get Stormy, Hansen, Jersey Town, Maclean’s Music, Mission Impazible, Shackleford, Stay Thirsty, Tapizar, The Factor, To Honor and Serve, and Union Rags.

“The July sale is a great opportunity for people to showcase and have an opportunity to sell precocious individuals,” Browning said. “In the last 10 to 15 years, it has also been a great place to showcase young stallions and new sires. There’s lots of interest in what are perceived to be quality horses.

“The most important factor is that the buyers are looking at racing prospects, and if they like the new sires, hope springs eternal. There’s a lot of interest and enthusiasm with another outstanding group of first-crop sires this year.”

This year’s sale marks the third edition to have the yearling portion followed by a sale of horses of racing age. While the two sales offer different types of horses, Browning said the synergy between the two sales has helped provide a more complete market that benefits both sellers and buyers. 

“What I think we’ve found is that the yearling sale complements the horses of racing age sale, and the horses of racing age sale complements the yearling sale,” he said. “One plus one equals three.”

Last year’s July yearling sale maintained a steady market, with 162 horses selling for total revenues of $15,253,000, up 4 percent from the 2013 renewal, when 163 horses brought $14,635,000. The average sale price rose 5 percent from $89,785 to $94,154, while the median dipped 3 percent from $72,000 to $70,000. The buyback rate rose slightly, from 27 percent to 31 percent.

A Cowboy Cal colt topped last year’s auction, selling to Northwest Stud for $550,000, making him the sale’s most-expensive offering since 2006. The bay colt is out of the Grade 2-placed Unaccounted For mare Refugee, making him a half-brother to the Grade 1 winners Executiveprivilege and Hoppertunity. Bred in Kentucky by Barronstown Stud, the colt was a $145,000 weanling purchase at the 2013 Keeneland November breeding stock sale and was consigned at last year’s July sale by Hidden Brook, agent.

After selling as a yearling, the colt was offered at the Fasig-Tipton Florida selected 2-year-olds in training sale, where he finished under his reserve with a final bid of $600,000. The still-unnamed colt last breezed at Palm Meadows Training Center on May 15.

July 9, 10 a.m. Eastern
Where: Newtown Paddocks, 2400 Newtown Pike, Lexington, Ky. 40511
Phone: (859) 255-1555
Catalog: 332 horses, up 25 percent from 265 last year
Recent history: The 2014 sale posted mixed results while selling 162 horses for $15,253,000 (up 4 percent), an average price of $94,154 (up 5 percent), and a median of $70,000 (down 3 percent). Northwest Stud bought a Cowboy Cal colt out of Refugee consigned by Hidden Brook, agent, for $550,000 to top the sale.
Internet: Live streaming at www.fasigtipton.com