05/19/2015 5:18PM

Fasig-Tipton Midlantic: Sale posts historic returns


The Fasig-Tipton Midlantic 2-year-olds in training sale finished as the strongest renewal in the auction’s history on Tuesday, highlighted by the highest-priced offering in the Maryland auction house’s history.

The two-day sale closed with 255 horses reported sold for revenues of $22,659,000, a record total for the late-season juvenile auction and a 16 percent improvement from last year’s gross of $19,601,000 from 329 sold. The previous record gross of $21,236,500 was set in 2006.

Records also fell or were equaled by average and median sale prices during the 2015 renewal of the Midlantic juvenile sale. The average sale price finished at $88,859, improving 49 percent over last year’s figure of $59,578, and besting the previous record of $66,968 set in 2013.

The median increased 29 percent from $31,000 to $40,000. That figure equaled the previous high-water mark, also set two years ago.

The buyback rate landed at 24 percent, closing slightly higher than last year’s figure of 23 percent. The four horses to sell for $500,000 or more in 2015 bested the previous year’s renewal by one.

Ben McElroy purchased the $1,250,000 sale-topper, as agent; a Smart Strike filly out of the stakes-winning A.P. Indy mare Crystal Current, whose two winners from three foals to race includes stakes-placed Mi Vida. Crystal Current is also the dam of Savoy Stomp, a winning son of Medaglia d’Oro who sold for $875,000 at the 2013 Fasig-Tipton Saratoga select yearling sale.

Bred in Kentucky by Southern Equine Stables, the filly’s second dam is the multiple Grade 1 winner Dream Supreme, whose offspring include Grade 1 winner and young sire Majestic Warrior and Grade 3-placed stakes winner Evolutionist. The extended family includes Grade 1 winner Spinning Round and Peruvian champion Kung Fu Mambo.

The breeder purchased Crystal Current for $3.1 million at the 2008 Fasig-Tipton Kentucky fall select mixed sale.

Eddie Woods was the consignor, as agent. The filly breezed one furlong in :10.40 seconds during the pre-sale under-tack show.

The sale also proved bountiful for sire Pioneerof the Nile, whose son American Pharoah won the Preakness Stakes on Saturday at nearby Pimlico Race Course and now sits on the precipice of a Triple Crown bid.

Pioneerof the Nile was represented by two of the sale’s four most expensive offerings. Trainer Linda Rice, as agent, secured the auction’s second-highest-priced horse for $840,000, a colt out of the unraced Mineshaft mare Lantern Glow. The colt is a sibling to Grade 2 winner Leave the Light On and stakes winner Harlan’s Pure, and his page also includes European champion Balanchine. De Meric Sales consigned the colt as agent.

Also drawing a high bid for his sire was a colt out of the placed Boston Harbor mare Coastal Flag, selling to Harvey Diamond for $500,000. He is from the family of Grade 1 winner Patches, and was consigned by McKathan Bros., agent.

Tuesday’s second and final session closed with 128 horses sold for $9,612,000, improving over last year’s second session gross of $8,048,000 from 161 horses by 19 percent. The average sale price was up 50 percent from $49,988 to $75,094, while the median rose 46 percent, from $30,000 to $43,750. The buyback rate finished at 20 percent, up slightly from 18 percent during last year’s closing session.

The day was led by a First Samurai filly, who sold to Tom Durant for $475,000. The bay filly is out of the Grade 2-placed Robyn Dancer mare Superduper Miss, who is the dam of two winners from five foals to race. Bred in Kentucky by Debby Oxley, the filly is from the family of Grade 3 winner Lines of Beauty.

The filly had previously sold for $20,000 at last year’s Keeneland September yearling sale, and breezed one furlong in :10 1/5 seconds during the pre-sale under-tack show. Eisaman Equine consigned her as agent.