08/28/2012 12:44PM

Fasig-Tipton Texas yearling sale topped by $57K Successful Appeal colt


A colt by Successful Appeal brought a bid of $57,000 from Brad Grady to top the Fasig-Tipton Texas yearling sale at Lone Star Park near Dallas on Monday night. The auction was held as a night event for the first time.

The sales-topping colt, named Successful Review, was bred in Louisiana and consigned by Mark Toothaker, agent. Successful Review’s female family produced Grade 3 winner Closing Argument, the Kentucky Derby runner-up in 2005 who earned $986,984.

Fasig-Tipton reported 113 yearlings sold for $1,150,000, or an average of $10,177 per horse. There were 42 horses that did not sell. The median was $6,000. Last year, when the auction featured yearlings being dispersed by Heiligbrodt Racing Stable, 225 horses sold for $2,391,200, or an average of $10,628. There were 99 horses that did not sell in 2011. The median was $5,000.

“Overall, we had a good crowd and I was pleased with the numbers in the environment we’re in,” said Tim Boyce, director of sales for Fasig-Tipton Texas. “The Texas market showed resilience. I was happy with some of the Texas-breds selling well.

“Our average was down a little bit, 4 percent, [but] I was particularly enthused with the 20 percent gain in the median and the slight drop in the buyback rate. The sellers were getting it done, and the buyers were buying.”

Boyce said he would not be opposed to another night auction, but a decision on when next year’s sale will be held will be made at a later date.

Grady, from Texas, also purchased the second-highest seller, a Songandaprayer filly, for $50,000. She is also a Louisiana-bred and was consigned by Inside Move Inc., agent. The filly, named Shelby’s Song, is a half-sister to the stakes-placed Ide Ball, a winner of 15 races and $421,253.