05/21/2013 4:00PM

Fasig Tipton Midlantic sale: Strong closing session drives gains


Similar to last year’s catalog, a surge during Tuesday’s second session of the Fasig-Tipton Midlantic 2-year-olds in training sale helped propel the average and median figures to healthy gains.

A total of 249 horses were sold over the two-day sale, which concluded Tuesday, for revenues of $16,675,000, down 0.3 percent compared with last year’s receipts of $16,721,000 from 312 sold.

With relatively unchanged gross sales from fewer horses sold, the average rose 25 percent, from $53,593 to $66,968. The overall median price of $40,000 was a 43 percent improvement compared with last year’s figure of $28,000.

The buyback rate for the 2013 sale was 14 percent, a sizeable improvement compared with last year’s rate of 25 percent.

While no horse eclipsed last year’s highest price of $575,000, the top end of the market remained steady, with 51 horses selling for $100,000 or more (20 percent of all horses sold), compared with 50 last year (16 percent).

Trainer Gary Contessa purchased the highest-priced horse of the sale, a Malibu Moon colt, for $450,000 on behalf of Chip McEwen’s Wounded Warrior Stables. An active buyer at this year’s Fasig-Tipton Midlantic sale, Wounded Warrior Stables donates ten percent of each horse’s purse earnings to the Wounded Warrior Project and other organizations to assist veterans and their families.

The chestnut colt is out of the Premiership mare Partyship, who has produced eight winners from 11 foals to race, including Grade 3-placed multiple stakes winner Barrier Reef and stakes-placed Kissin Party and Arctic Party. His page also includes Canadian champion Kiss a Native, Grade 1 winner and sire Yes It’s True, Grade 2 winner Silver Max and Grade 3 winner Prince of the Mt.

Consigned by Eddie Woods, agent, the Kentucky-bred colt breezed one furlong in :10.40 seconds during the pre-sale under-tack show. He was sold as a weanling at the 2011 Keeneland November breeding stock sale by breeder James Herbener for $290,000, then was offered at last year’s Fasig-Tipton Saratoga selected yearling sale but did not meet his reserve with a final bid of $370,000. The colt was once again offered at the Fasig-Tipton Florida selected 2-year-olds in training sale in March, and was again bought back, this time with a final bid of $145,000.

On Monday, Contessa also bought a Distorted Humor colt for $240,000 as agent for Wounded Warrior Stables.

After purchasing the highest-priced horse of Monday’s first session, owner Joseph H. Moss bought the second most expensive horse on Tuesday, and of the overall sale, when he went to $360,000 to secure a Malibu Moon colt out of the Broad Brush mare Miss Moonlight. The colt, consigned by McKathan Bros., agent, is a half-brother to Grade 3-placed multiple stakes winner More Moonlight, and is from the family of champion Blushing John, Grade 1 winner Lucky Roberto, and Grade 2 winner Night Patrol.

Tuesday’s second and final session closed with across-the-board gains, as 128 horses sold for a total of $9,440,000, up 0.7 percent compared with last year’s day two total of $9,378,500 from 156 sold. The average price of $73,750 was a 23 percent gain from $60,119 last year, while the median rose 55 percent, from $30,000 to $46,500.

For hip-by-hip results, click here.


Year Sold Total Average Median Buyback
2013 249 (-20%) $16,675,000 (-0.3%) $66,968 (+25%) $40,000 (+43%) 14%
2012 312 $16,721,000 $53,593 $28,000 25%