10/27/2009 11:00PM

Fasig-Tipton sale up across the board

Email

LEXINGTON, Ky. - Fasig-Tipton Kentucky's October yearling sale ended a three-day run Wednesday night with increases across the board, despite the severe downturn many other Thoroughbred markets have seen this season.

The auction sold 566 yearlings for $7,895,400, up 6 percent from last year's three-day gross for 553 horses. The average price also increased, rising 3 percent, from $13,512 in 2008 to $13,949. The median gained even more, increasing by 9 percent from $5,500 to $6,000.

The number of horses that went through the ring but failed to reach their reserves also improved from last year. Last season's buy-back rate was 36 percent, a figure than dropped to 25 percent in 2009.

The auction's joint sale-toppers were a trio of $150,000 colts by Dynaformer, Candy Ride, and Tapit. The first, a Tapit colt out of Frans Lass, sold Tuesday. Consigned by Equus Farm (Jerry Cummins and Paul Adams), agent, as Hip No. 556, he went to Glen Hill Farm. At the final session Wednesday, the Dynaformer and Candy Ride colts sold.

The Dynaformer colt, Hip No. 683, was out of the Grade 3-winning Native Prospector mare Knight Prospector. Julie Cauthen, acting on behalf of Donegal Stable, purchased him from the Three Chimneys Sales agency. The dark bay or brown colt is a half-brother to stakes-placed Estreno.

Hip No. 776, by Candy Ride, is a bay colt out of the Grade 3-placed stakes-winner Midwife, by Family Calling. Lynden Branch bought the colt, who is his dam's first foal, from consignor Viking Stud, agent.