Average, median increase notably at Fasig-Tipton Saratoga fall mixed sale

A Laoban colt sold for $140,000 to lead the way as the Fasig-Tipton Saratoga fall mixed sale, which has found a niche in the vibrant New York-bred market, posted across-the-board gains for a record renewal.

A total of 115 horses sold during Monday's single-session sale for revenues of $3,381,200, a gain of 4 percent in gross receipts from 2017, when 144 horses sold for $3,265,000. The average price was $29,402, spiking 30 percent from $22,674. The median was $20,000, soaring 67 percent from $12,000. The gross, average, and median were all records for this auction, which was inaugurated in 2012.

The buyback rate was also improved, checking in at 32 percent, compared to 39 percent in 2017.

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The sale-topper, who went to Bluewater Sales, as agent, is from the first crop of Laoban, a son of Uncle Mo who won the Grade 2 Jim Dandy Stakes and placed in two other graded stakes. Laoban stands in New York at Sequel Stallions, which consigned this colt, as agent.

The colt is the fifth foal out of the placed Broken Vow mare Promising Vow, dam of one winner from two starters. Promising Vow is a half sister to Grade 3-placed stakes winner Top Surprize, stakes winner Dr John's, and stakes-placed Cosmic Queen. Graded/group stakes winners Alpine Garden and Life At the Top also appear on the page.

For hip-by-hip results, click here.