10/24/2016 8:56PM

Fasig-Tipton October: Opening session shows gains in gross, average

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The first day of the Fasig-Tipton Kentucky fall yearling sale kicked off trade with mixed momentum, showing improved figures in gross and average sale price, but a significant decline in median, led by a $350,000 Curlin colt.

Monday’s session saw 246 yearlings sold for revenues of $8,306,400, up 24 percent from last year’s opening day when 204 horses brought $6,694,300.

The average sale price rose 3 percent to $33,766 from $32,815, while the median fell slightly to $12,750 from $15,000, a decline of 15 percent.

At the top of the market, six horses changed hands for $200,000 or more, bettering the four to do so during last year’s comparable session. The number of six-figure horses rose to 21 from 15.

“I thought it was a very solid start to the sale,” said Fasig-Tipton president Boyd Browning. “To sound like a broken record, there was significant competition for what was perceived to be the better offerings. I’d say the most encouraging sign was there was bidding activity at the lower levels. Even in the less-than-$10,000 range, there was commerce that was conducted today, probably more encouraging than we’ve seen in the last few years.”

The buyback rate finished at 28 percent compared with last year’s first-session figure of 35 percent.

“I think that was probably a reflection of the increased activity at the lower end,” Browning said. “It probably had a little bit of an adverse effect on the average and median because you were getting a few more less-expensive horses sold, and that makes sense, but at the end of the day, we’re here to get as many horses sold as we possibly can. It was a fair marketplace throughout the day.”

 

Joe Minor’s JSM Equine purchased the sale-topper, a $350,000 Curlin colt out of the placed Pleasant Colony mare Party Chatter, as a pinhook prospect.

 

The bay colt is a sibling to 10 winners from as many runners out of the mare, including Grade 3-placed stakes-winner Rock Candy and stakes-placed runners Status Pending and Carouse. He was offered earlier this year at the Fasig-Tipton Saratoga select yearling sale, but finished under his reserve with a final bid of $275,000.

"Ciaran [Dunne] and I saw him up in Saratoga, and we liked him there,” Minor said. “We liked him even better today. I think he's a stunning horse and certainly looks the part. I think he will make a great 2-year-old at [Dunne’s Wavertree Stables in Ocala, Fla.].”

Bred in Kentucky by Fox Straus KY, the colt is from the family of Puerto Rican champion Colonial U. S., Grade 1 winners A Phenomenon, Pleasant Stage, Declassify, Changeintheweather, and Declassify, and Grade 3 winners Middle Stage and Silver Fox.

The colt was consigned by VanMeter-Gentry Sales, agent.

"He was just a really nice horse,” said consignor Tom VanMeter. “He was a nice horse in Saratoga, but he had a few little issues that we had to take care of. We took care of them, and we're really happy that he sold well. He went to a really good home.”

The auction continues daily through Wednesday, with each session commencing at 10 a.m. Eastern.

For complete session results, click here.