10/13/2017 1:00PM

Fasig-Tipton Saratoga sale offers 290


The broodmare and weanling portion of the North American auction calendar kicks off Monday with the 2017 Fasig-Tipton Saratoga fall mixed sale showcasing products and producers from the lucrative New York breeding program.

This year’s auction is Monday at the Humphrey S. Finney Pavilion in Saratoga Springs, N.Y., beginning at 10 a.m. Eastern.

The catalog puts 290 horses on offer, making for a 9 percent smaller book than last year’s auction, which cataloged 318 horses. Entries are divided in this year’s group among 186 weanlings, 87 broodmares or broodmare prospects, and 18 yearlings.

Fasig-Tipton’s New York-bred yearling sale in August produced record returns, giving auction company president Boyd Browning confidence that the regional interest will remain strong with the next group of offerings.

“I think it’ll be a continuation of the marketplace that we’ve seen,” Browning said. “We expect to see lively competition on the horses that the buyers perceive as solid, desirable prospects to either race or pinhook. There seems to be a lot of interest in the sale, and I think it will be well attended.”

The Saratoga fall mixed sale is the only major breeding stock auction in New York, a state that has grown its share of the North American foal crop from 4.8 percent to 6.6 percent since 2011, thanks to a boost in incentive programs.

For foals to qualify for New York-bred incentives, their dams must continuously reside in the state from within 90 days after their last cover and remain in New York until foaling. Non-resident mares can have their foals qualify for New York-bred status by remaining in the state for 90 days after foaling and being bred back to a resident stallion before leaving the state again.

“It provides a great opportunity for folks to sell their horses, particularly broodmares, in their own backyard,” Browning said. “The residency requirement is an important one for the New York program, and the vast majority of the mares are going to meet that residency requirement. It’s convenient for both buyers and sellers.”

Last year’s Saratoga fall mixed sale finished with 164 horses sold for $2,780,600, down 2 percent from the previous year’s gross. The average sale price declined 3 percent to $16,955, the median fell 15 percent to $8,500, and the buyback rate finished at 37 percent.

Coronation Street, an unraced Street Cry mare, topped the sale, going to Chester Broman for $150,000.

Out of the Grade 2 winner Sara Louise, Coronation Street sold in foal to New York stallion Alpha and had a filly in February. She was then made part of the inaugural book of mares for champion California Chrome.

The auction’s most expensive weanling drew the second-highest overall price, with Linda Rice buying an Into Mischief filly as agent for $125,000.

The New York-bred filly is the first foal out of the stakes-placed Value Plus mare Roses Plus and comes from the family of Panamanian champion Percentile and stakes winners Rockwall and Cream.