08/27/2013 12:33PM

Fasig-Tipton Texas sale: All economic indicators rise at yearling auction


A filly from Discreetly Mine’s first crop and a daughter of classic winner Birdstone brought bids of $65,000 each to top the Fasig-Tipton Texas summer yearling sale that experienced gains across the board Monday night at Lone Star Park. Tom Durant, who is the track’s all-time winningest owner, bought both fillies. They were each consigned by Lane’s End Texas, agent, with the Birdstone filly selling as the property of La Bahia Stud.

Fasig-Tipton Texas reported 97 yearlings sold for $1,255,100 on Monday, a 9 percent increase over last year’s sale, when 113 yearlings sold for $1,150,000. The average of $12,939 rose 27 percent from the 2012 average of $10,177, and the $8,000 median jumped 33 percent compared to $6,000 at last year’s auction. The buyback rate of 16 percent improved greatly from last year’s 27 percent.

“It felt like a really good horse sale,” said Tim Boyce, sales director of Fasig-Tipton Texas. “I’m really happy with the buybacks being way down. The median is up about 30 percent. Our gross is up, even though we booked 30 less horses. So, booking 30 less horses and getting that kind of increase in the gross is a very heady horse sale.” 

Boyce, who also noted the increase in average, said there were several factors driving the strong auction that was held at night for the second year in a row. 

“This is something I think we’re seeing in the market, supply and demand,” he said. “There’s fewer horses being available, and so the prices are good. But I also think that this year that our individuals were outstanding. I thought that the consignors really brought some really good-looking horses.”

Durant liked both the looks and pedigree of the Discreetly Mine filly, who sold as Hip No. 9. She was bred in Texas.

“She was a great-looking horse, kind of double-bred,” Durant said. “Mineshaft’s on both sides, which is something I’ve never done. So, it will be interesting to see how it turns out.”

Discreetly Mine, winner of the Grade 1 King’s Bishop in 2010, is a son of Mineshaft. The yearling filly’s dam, Sign Up, is a daughter of Mineshaft, as well as the stakes-winning mare Please Sign In. Sign Up was placed at 3 and 4 and is a half-sister to both Group 1 winner Certify and Grade 1 winner Cry and Catch Me. The Discreetly Mine filly is her first foal.

The Birdstone filly is a Kentucky-bred who sold as Hip No. 89. She is from the unraced Coronado’s Quest mare Golden Sheba, who is a half-sister to multiple Grade 1 winner Congaree. From one foal to race she has one winner, the Darley-owned Wedding Toast, who accounted for a maiden special weight at Saratoga in July.

Durant said Wedding Toast’s impressive win was one reason the Birdstone filly was an attractive prospect. He also pointed to her established pedigree.

“With her family, she’s a good broodmare prospect, and maybe a good racehorse, too,” he said. 

Durant said both horses would be sent to his farm in north Texas.

“We’ll start breaking them soon,” he said. 

Other top sellers at the auction included an Arkansas-bred filly by Eddington who brought $52,000 from Maggi Moss. She is from the female family of Nasty Storm, a multiple graded stakes winner of $754,157.

The sale’s highest-priced colt was an Arkansas-bred son of Old Fashioned who sold for $50,000. He was purchased by Terry Gabriel. The colt is from the stakes-winning mare Santa Cristina, making him a half-brother to stakes winners Trying Brian and Kristine’s King.

Both the Eddington filly and the Old Fashioned colt, which ranked as the third- and fourth-highest lots in the sale, were consigned by Inside Move. The two horses were the lone Arkansas-breds in the catalog. The state breeding programs with the most representatives in the sale were Louisiana-breds, which Boyce said averaged $16,364 per lot; Texas-breds, which averaged $11,000; and Oklahoma-breds, which averaged $8,000.

For complete results, click here.

Fasig-Tipton Texas summer yearling sale summary:

Year Sold Gross Average Median Buyback
2013 97 (-12%) $1,255,100 (+9%) $12,939 (+27%) $8,000 (+33% 16%
2012 113 $1,150,000 $10,177 $6,000 27%