10/07/2014 5:57PM

Fasig-Tipton Saratoga: Revamped fall mixed sale posts declines


A new-look edition of the Fasig-Tipton Saratoga fall sale posted minor declines and a high buyback rate compared with last year’s renewal.

The two-day sale, expanded from a single session in 2013, finished with 193 horses sold for revenues of $3,206,100. That marked a 5 percent decrease in gross compared with last year’s one-day auction, in which 179 horses were sold for $3,363,600.

The average sale price declined 12 percent, from $18,791 to $16,612, while the median sale price of $10,000 dropped 9 percent from $11,000 last year. The buyback rate was 42 percent, up significantly from last year’s figure of 23 percent but in line with the 2012 sale’s rate of 41 percent.

While the figures are indeed down from last year, it is important to note the new format of the 2014 sale. Monday’s opening session consisted of broodmares, broodmare prospects, and horses of racing age, and then yearlings and weanlings were featured on Tuesday, with yearlings being offered at the sale for the first time. The comparison between the two renewals is not a completely direct one.

A weanling colt by first-crop sire Shackleford topped the auction, selling to Palermo Farm on Tuesday for $150,000. The sale’s top five prices came out of Tuesday’s yearling and weanling session, and the Shackleford weanling was the only one offered by the classic winner in the auction.

Bred in New York by Mares Rule II, the sale-topper is the first foal out of the winning Flatter mare Spanish Post. He is from the family of Grade 2 winner River Boat, Grade 3 winner Silver Timber, Grade 3-placed stakes winner Spanish Decree – all of whom earned over $700,000 – and Peruvian champion Cracovia. Rhapsody Farm and Hidden Lake Farm sold the chestnut colt as co-agents.

The broodmare and racing age portions of the sale were held on Monday and topped by two horses that sold for $60,000.

Carolyn Vogel was the winning bidder on Birthday Girl, an unraced 2-year-old Curlin filly out of the unraced Birdonthewire mare Birthday Wire. High Quality, a 7-year-old Elusive Quality mare, sold to Keith Crupper, as agent for PTS Ranch. The mare sold in foal to sire Mission Impazible.

Tuesday’s second and final session of the Saratoga fall mixed sale saw 124 horses sold for $2,303,600. The average sale price for the yearling and weanling portion was $18,577, while the median settled at $14,500. The buyback rate for the closing session was 48 percent.

For hip-by-hip results, click here.

Fasig-Tipton Saratoga fall mixed sale, final results:

Year Sold Gross Average Median Buyback
2014 193 (+8%) $3,206,100 (-5%) $16,612 (-12%) $10,000 (-9%) 42%
2013 179 $3,363,600 $18,791 $11,000 23%