Louisiana is gearing up for its September yearling sales, and this season the state has two yearling auctions recruiting buyers who want a shot at the state’s purses and Louisiana-bred incentives.
Fasig-Tipton’s Saratoga select yearling sale was a late closer this year. Twenty-four hours after its Monday opener saw average price sink 21 percent and median plummet 30 percent, the auction rebounded with gains at its Tuesday night session.
Twenty-four hours after its opening session suffered steep declines in average and median, Fasig-Tipton’s Saratoga select yearling sale put on a strong session Tuesday night but still ended in negative territory.
WinStar Farm has bought the breeding rights to Florida Derby winner Take Charge Indy and will stand him after his eventual retirement, the Kentucky farm announced Tuesday.
Consignors and sale executives had arrived in Saratoga feeling optimistic, but Monday night’s opening session at the Saratoga select yearling auction provided an object lesson in today’s market reality.
Sales figures at the Fasig-Tipton yearling auction on Monday night collapsed despite the sale of two million-dollar-plus colts late in the sale.
LIVE VIDEO: Fasig-Tipton Saratoga Yearling Sale August 2012 on Monday and Tuesday at 7pm.
Monarchos, the 2001 Kentucky Derby winner who had colic surgery Tuesday night, is being hand-walked and allowed to graze lightly, Nuckols Farm owner Charles Nuckols III said Friday afternoon.
Select yearling buyers and sellers turn their attention to Saratoga Springs, N.Y., this week, where Fasig-Tipton auction executives hope their Monday-Tuesday sale will continue the positive trends started last month in Kentucky.
