07/14/2014 7:11PM

Fasig-Tipton: July yearling sale posts increases in gross, average

Fasig-Tipton photo
A Cowboy Cal colt sold for $550,000 on Monday, the top price at Fasig-Tipton's Kentucky July selected yearling auction.

The Fasig-Tipton Kentucky July selected yearling sale remained consistent with last year’s form on Monday, posting modest increases in gross sales and average price, and a small decline in median.

A total of 162 yearlings were sold during the one-day auction for revenues of $15,253,000. That marked a 4 percent increase compared with the 2013 renewal of the Fasig-Tipton July sale, when 163 horses brought $14,635,000.

With a near-identical number of horses sold for comparison, the average sale price rose 5 percent, from $89,785 last year to $94,154. However, the median decreased 3 percent, from $72,000 to $70,000. The buyback rate finished at 31 percent on Monday, up from 27 percent in 2013.

A Cowboy Cal colt, whose siblings include graded stakes winners Executiveprivilege and Hoppertunity, brought the sale’s highest price, going to Northwest Stud for $550,000. He is the most expensive yearling to sell at Fasig-Tipton's July sale since 2006, when two horses topped the half-million mark, led by a $1.2-million Forestry colt.

Monday’s sale topper is a bay colt is out of Grade 2-placed winner Refugee, who has produced eight winners from as many starters. Her first standout was Executiveprivilege, a multiple Grade 1 winner as a juvenile who finished second to eventual champion Beholder in the 2012 Breeders’ Cup Juvenile Fillies. Executiveprivilege is by First Samurai, who, like Cowboy Cal, is a son of Giant’s Causeway.

This spring, Refugee was represented by Hoppertunity, a son of Any Given Saturday, who won the Grade 2 Rebel Stakes and finished second to California Chrome in the Santa Anita Derby.

“This colt is coming from a very nice family,” said Northwest Stud manager Alfredo Lichoa, who added that he plans to pinhook the colt as a 2-year-old next year. “He's one of the best-looking horses at the sale. He met our criteria for pinhooking. He went a little bit more than we thought, but he was one of the best horses in the sale. We'll be hoping to see him in March [at a select 2-year-old sale]. … We came here, we looked at all of the horses at the sale, and this was the only one that really met all our criteria.”

Bred in Kentucky by Barronstown Stud, the colt was consigned by Hidden Brook, as agent. The colt is already a successful pinhook, as he was purchased for $145,000 by McMahon and Hill out of last year’s Keeneland November breeding stock sale as a weanling.

The purchase was the highlight of an active day for Ocala, Fla.-based Northwest Stud, which also purchased the co-third-highest-priced offering of the sale, a Harlan’s Holiday colt out of the winning Vindication mare Invitation, for $400,000.

The top-priced yearling at the sale by a first-crop stallion was a Paddy O’Prado filly, bought in a private transaction by Debbie Easter, agent, for $160,000. Consigned by Warrendale Sales, as agent for Spendthrift Farm, the filly is out of the winning Meadowlake mare Meadow Soprano, who is a half-sister to champion sprinter and successful young sire Midnight Lute. Spendthrift Farm stands Paddy O’Prado, who won the Grade 1 Secretariat Stakes and four other graded events.

The yearling sale was followed by the dispersal of broodmares and weanlings from the program of notable owner and breeder Eugene Melnyk. The dispersal was handled by Taylor Made Sales Agency, as agent.

A total of 13 horses brought a combined $1,329,000 during that portion of the dispersal. The offerings sold for an average price of $102,231 and a median price of $50,000. Melnyk’s racing stock was dispersed during the subsequent Fasig-Tipton summer sale of horses of racing age on Monday evening.

Mahogany Lane, an unraced A.P. Indy mare, sold carrying a Speightstown foal to Brad Kelley’s Calumet Farm for $315,000 to pace the Melnyk broodmare and weanling dispersal.

The 7-year-old Florida-bred product of the Melnyk breeding program has produced two foals, including a weanling Candy Ride filly who went to The Elkstone Group for $75,000 earlier in the sale.

Mahogany Lane is out of the Grade 1-winning Forty Niner mare Marley Vale, who is the dam of three winners from five foals to race, including multiple Grade 2 winner Indian Vale and stakes-placed Belleplaine. Her extended family includes Grade 3 winner Marilyn’s Guy.

“It’s a live, active family,” said Mark Taylor of Taylor Made Sales Agency. “Young A.P. Indy mares are hard to come by in their own right, so she’s one that’s going to get a lot of people’s attention.”

Calumet Farm was active during the breeding stock portion of the Melnyk dispersal, making three purchases, all broodmares, totaling $740,000.

For hip-by-hip results, click here.

– Additional reporting by Nicole Russo

Fasig-Tipton Kentucky July selected yearling sale, final results:

Year Sold Gross Average Median Buyback
2014 162 $15,253,000 (+4%) $94,154 (+5%) $70,000 (-3%) 31%
2013 163 $14,635,000 $89,785 $72,000 27%