10/25/2016 9:47PM

Fasig-Tipton October: Sale posts declines on Tuesday

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Day two of the Fasig-Tipton Kentucky fall yearling sale stalled the momentum set in the opening session, with across-the-board declines in figures, led by a $300,000 Orb colt.

Tuesday’s session saw 251 yearlings sold for revenues of $7,162,700, down 12 percent from last year’s comparable day of trade when 222 horses brought $8,144,700. The second day of last year’s sale saw the highest returns in gross, average and median of that renewal.

The average sale price dropped 22 percent to $28,537 from $36,688, while the median fell 38 percent to $10,000 from $16,000. The buyback rate closed at 27 percent, marking a small improvement from last year’s second-day figure of 29 percent.

Though sellers appeared willing to accept lower prices for their horses at this year’s sale, as evidenced by the lower buyback rate and median sale price, Fasig-Tipton president Boyd Browning said the higher percentage of successful transactions meant the returns were not all bad news.

“I think virtually every sales company professional will tell you at the end of the day they’d rather get horses sold,” he said. “The people that are transacting business with you are wanting to turn their product into cash. Getting horses sold, maybe not for quite as much as they wanted or may have hoped for, but they no longer have something they have to feed and take care of. They’re going to be waiting on a check from us that’ll be coming in the next 30 days. We always lean toward trying to improve the buyback rate.”fasig tipton

Four horses sold for $200,000 or more during Tuesday’s session, trailing the five to do so during the comparable session in 2015. The 18 horses that changed hands for six figured finished behind last year’s 26 from day two.

“I think if you talked to people on the grounds, just the way the catalog fell, the general consensus was today might have been the lightest group of horses at the upper end,” Browning said. “We all know in a sale that averages in the $30,000-$35,000 range how much influence a couple big horses can have. All in all, I thought trade was pretty consistent and very similar today to yesterday.”

Anthony Dutrow's Team D bought the session-topper, going to $300,000 for a colt from the first crop of Kentucky Derby winner Orb.

The dark bay or brown colt is the third foal out of the unraced Medaglia d'Oro mare Zealous Gold, who has had one starter thus far. He is the first foal out of Zealous Gold to change hands for six figures at public auction.

Champion Songbird highlights the colt's page, which is bolstered by Grade 3 winners Ryan's For Real, Mico Margarita, and Friel's For Real.

Bo Hunt signed the ticket for Dutrow, and was on the phone with the trainer during the colt’s time in the ring.

“He's a really nice colt and Mr. Dutrow really liked the horse,” Hunt said. "The Orbs that I've seen have been nice horses. I think he's been well represented at the sale and hopefully they go forward from there."

The colt was bred in Kentucky the partnership of Fred Hertrich III and John Fielding of Watercress Farm. Hertrich bought the mare for $50,000 in foal to Discreet Cat at 2012 Keeneland November breeding stock sale.

Taylor Made Sales Agency consigned the colt as agent for the breeders.

"We had some that we were targeting that were later foals, that we thought might just benefit from the extra 30 days,” said Mark Taylor of Taylor Made Sales Agency. “He was one that we were specifically targeting this sale for that reason, and I think it really paid off. Mother Nature does more to bring these horses along than anything we can do prepping, and he was just much more mature, filled out, and physically ready than he would have been a month ago.”

The Fasig-Tipton Kentucky fall yearling sale concludes Wednesday, beginning at 10 a.m. Eastern.