08/16/2015 11:51PM

Fasig-Tipton New York: Active top market drives strong returns


The rapidly-growing demand for quality New York-breds was made even clearer by the top-priced offerings at the Fasig-Tipton New York-bred yearling sale. According to available Fasig-Tipton records, this year’s renewal posted record gross and average sale price and tied the high median.

The two-day sale closed Sunday night with 182 horses sold for revenues of $14,876,500, up 6 percent from the 2014 renewal, when 176 horses changed hands for a combined $14,099,000. The previous record was set in 2013, when 196 yearlings sold for $14,206,000.

The average sale price rose 2 percent to $81,739, eclipsing last year’s record of $80,108. Meanwhile, the median price tied last year’s high-water mark of $65,000. The buyback rate closed at 28 percent, improved significantly from 35 percent during the 2014 sale.

“We’ve reached a very mature market here at the New York-bred sale,” said Fasig-Tipton president Boyd Browning. “Gross sales have been very consistent over the last three years. There is lots of depth to the buying group, lots of activity at virtually every level over the last two nights. It should provide confidence to the breeders that they can bring a quality mare to a quality stallion, raise a good foal into a yearling and be rewarded in the marketplace.”

Three horses sold for $300,000 or more during this year’s New York-bred sale, a mark none reached in 2014. The 13 yearlings to sell for $200,000 or more were also an improvement over the eight to do so last year.

A Tiznow filly led the sale, going to McMahon and Hill Bloodstock as agent for Sheila Rosenblum’s Lady Sheila Stable and Vivien Malloy for $350,000 during the opening session.

Bred in New York by Stone Bridge Farm, the bay filly is out of the Grade 1-winning Abaginone mare Acey Deucey, whose two winners from three foals to race include multiple stakes winner Preachintothedevil. She is from the family of champion Cascapedia; Grade 2 winners Big Jag, Reneesgotzip, and Glacial Stream; and Grade 3 winners Cascading Gold and Far Right, among others.

“She was a beautiful filly with a wonderful family, probably two turns,” Malloy said. “Everything was good.”

The transaction made the filly the most expensive foal sold at public auction out of Acey Deucey, who has now produced four six-figure foals from five to go through the ring. She was consigned by Francis and Barbara Vanlangendonck’s Summerfield Sales, as agent.

“We had another number in our head, and we were hoping she didn’t go that high,” Malloy said. “I remember a trainer of mine saying, ‘You’d better step up, Vivien, because they’re getting really good.’”

Bloodstock agent Mike McMahon, who signed the ticket, said the partnership between Malloy and Lady Sheila Stable had been about a year in the making, and the right opportunity finally presented itself.

“[Trainer] Linda Rice and I bought her and picked her out and worked on the whole thing together, and the two ladies let us buy the sale-topper,” he said.

Sunday’s session ended with 94 horses sold for $7,750,000, up 8 percent from last year’s closing-night gross of $7,165,000 from 84 yearlings sold.

The average finished at $82,447, up 3 percent from $80,319 last year, while the median dipped 10 percent, from $77,500 to $70,000. The buyback rate settled at 24 on Sunday, down from 34 percent during last year’s final session.

John Oxley purchased Sunday’s session-topper through trainer Mark Casse, going to $300,000 for a Speightstown filly out of the winning Medaglia d’Oro mare Glory Gold.

Bred in New York by Twin Creeks Farm, the filly is a sibling to one foal to race out of the dam. She is from the family of Grade 3-winner Mocha Express, stakes-placed Raving Rocket and Miss E Bar, and Grade 3-placed St. Joe.

Casse said the horse was inspected and selected by Oxley earlier in the day, but the prominent owner and breeder was unable to attend the auction due to a prior engagement.

“He just loved her,” Casse said. “He asked me to look at a few horses, and I put her on a list for him, and he went and saw her and said, ‘I really like her, Mark.’ It’s good when he likes them.”

Denali Stud consigned the filly as agent. The transaction made her the most expensive foal out of Glory Gold to sell at public auction, surpassing previous leader She’s Haute, by Lookin at Lucky, who brought $20,000 at the 2013 Fasig-Tipton Kentucky fall yearling sale.

The filly tied for the second-highest overall price of the New York-bred sale with a To Honor and Serve filly who sold to Siedman Stables during Saturday’s opening session. She was consigned by Preferred Equine, agent.

Casse said this was the first Fasig-Tipton New York-bred sale in which he participated as an active bidder, citing his desire to expand his presence on the New York circuit and the rapid improvement of the state-bred program as reasons for coming to the auction.

“I think they’re very nice,” he said about the New York-breds he inspected. “In fact, I had that very conversation last night with Ernie Semersky of Conquest Stables, and I said, ‘You know, Ernie, these horses aren’t second to anybody. These horses have just a good a shot at being California Chrome or American Pharoah as anybody,’ and I believe that. The New York program’s come so far, and they have a bunch of good mares and stallions. It’s a great program.”

For complete sale results, click here.