03/31/2015 5:13PM

Fasig-Tipton Texas juvenile sale ends run with declines


The Fasig-Tipton Texas 2-year-olds in training sale ended the auction company’s 18-year stint in the Lone Star State on a down note, finishing with across-the-board declines in the midst of a troubled market in the state.

The one-day auction closed Tuesday afternoon with 66 horses sold for revenues of $1,161,900, according to the auction company, down 36 percent from last year, when 80 horses brought $1,818,700. A total of 99 juveniles and horses of racing age were offered, down 20 percent from the 124 to go through the ring in 2014.

The average sale price finished at $17,605, down 23 percent from $22,734, while the median dipped 13 percent from $15,000 to $13,000. The buyback rate finished at 33 percent, marking a slight improvement from the 35 percent who finished under their reserves last year.

At the top of the market, four horses hammered for $50,000 or more. Last year’s auction featured a trio of six-figure offerings, of which this year’s sale had none.

The 2-year old sale marked the final auction held at Fasig-Tipton’s Texas base at Lone Star Park in Grand Prairie, near Dallas. The state has struggled to gain traction as surrounding jurisdictions have approved various forms of expanded gaming. Rules approved by the Texas Racing Commission to allow wagering on historical races were shot down in court last year, furthering the state’s woes.

Fasig-Tipton hosted as many as three sales per year at the Texas location during its stay. Last year, the company held a 2-year-olds in training sale in April, followed by a yearling and mixed sale in October.

A Corinthian colt topped the auction house’s final event, selling to Carl R. Moore Management for $75,000.

The bay colt is out of the stakes-winning Cape Town mare Bountempo, who is the dam of four winners from five foals to race. His extended family includes Canadian Horse of the Year Benburb, Canadian champion grass mare Chopinina, and Grade 3 winner Despite the Odds. He was bred in Kentucky by Inside Land Partnership II.

Ray Byrner consigned the colt as agent for B & C Bloodstock at the Texas sale after the same pair purchased the colt for $12,000 at last year’s Fasig-Tipton Kentucky fall yearling sale. The colt breezed one furlong in :10 1/5 seconds during the pre-sale under-tack show, tying him for the second-fastest time at the distance.