08/11/2007 11:00PM

N.Y.-bred sale posts increase in gross


SARATOGA SPRINGS, N.Y. – Fasig-Tipton’s two-day New York-bred preferred yearling auction ended Saturday night in Saratoga Springs, N.Y., with a total of 113 horses sold for $5,831,500, a 10 percent increase over last year’s gross for 101 yearlings. Median price also gained 9 percent to reach $38,000. But average price dropped by 2 percent to $51,606. Buybacks rose from 30 percent last year to 41 percent. The sale-topper, sold Saturday night, was Hip No. 445, a $265,000 filly by the first-crop sire Medaglia d’Oro out of the winning Rahy mare Adorahy. John Confort and Albert Weis purchased the filly, who is from the family of graded winners Adorable Micol and Adcat. Gallagher’s Stud sold the filly through Craig and Holly Bandoroff’s Denali Stud agency.