05/20/2014 4:51PM

Fasig-Tipton: Midlantic sale drops in average, median

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Following a strong opening session, Tuesday’s second and final session of the Fasig-Tipton Midlantic 2-year-olds in training sale took a step backward, resulting in overall declines in both average and median as the auction ended.

A total of 329 horses were sold over the two-day auction for revenues of $19,601,000. The larger catalog and ensuing 32 percent increase in horses sold led to an 18 percent increase in revenues compared with last year, when 249 horses brought a combined $16,675,000.

The average sale price dropped 11 percent, finishing at $59,578 after last year’s auction posted an average of $66,968. The median price of $31,000 was a 22 percent decrease from $40,000 in 2013.

After surpassing the number of horses sold for $200,000 or more on the first day by a ratio of 10 to six, the sale finished with 16 juveniles to reach that price point, one fewer than last year.

The buyback rate closed at 23 percent, up from 15 percent during last year’s renewal.

Monday’s session-topping War Front colt ended up as the overall top price of the auction, going to bloodstock agent Steven Young for $520,000. That colt, a half-brother to Grade 1-placed She’s Got the Beat, was consigned by Eisaman Equine, agent.

Tuesday’s session finished with 161 horses sold for a total of $8,048,000, down 15 percent from the second session in 2013, when 128 horses sold for $9,440,000. The session’s average dipped 32 percent, from $73,750 to $49,988, while the median fell 35 percent, from $46,500 to $30,000. The session’s buyback rate rose to 21 percent after finishing at 12 percent last year.

A Speightstown filly and Desert Party colt tied for the highest price during Tuesday’s session, each selling for $425,000.

Ellen Charles purchased the Speightstown filly, who is out of the Grade 3-placed stakes-winning Old Trieste mare Sandra’s Rose. Bred in Kentucky by Stonestreet Thoroughbred Holdings, the chestnut filly is a sibling to three winners from as many foals to race out of the dam, and is from the family of Grade 2 winner Mananan Mclir.

The filly was consigned by Niall Brennan Stables, as agent, and breezed one furlong in 10 3/5 seconds during the presale under-tack show. She had previously sold at the 2013 Keeneland September yearling sale, bringing $165,000.

The Desert Party colt was secured by Xavier International Bloodstock, as agent. Bred in Kentucky by Chris and Kirt Cahill, the gray or roan colt is out of the winning Olympio mare Satinet, whose eight winners from 10 foals to race include stakes winners Probation Ready and Britt’s Jules, Grade 1-placed Social Probation, and stakes-placed Dirty Rush. His extended family also includes Grade 1 winners Rose’s Cantina and Fancy Naskra.

Eddie Woods consigned the colt, as agent. He breezed the fastest quarter-mile of the under-tack show, covering the distance in 21 1/5 seconds. He brought $180,000 as a yearling at last year’s Keeneland September sale.

For hip-by-hip results, click here.

Fasig-Tipton Midlantic 2-year-olds in training sale, final results:

Year Sold Gross Average Median Buyback
2014 329 (+32%) $19,601,000 (+18%) $59,578 (-11%) $31,000 (-22%) 23%
2013 249 $16,675,000 $66,968 $40,000 15%