Fasig-Tipton sale in Texas sees gross and average increase. but median declines

Fasig-Tipton’s Texas December mixed sale on Monday ended with sharply mixed results, as gross receipts and the average price increased by double digits but median fell.

The one-day auction at Lone Star Park in Grand Prairie, Texas, grossed $307,900 for 76 horses, a 26-percent increase over last year’s $245,300 for 74 horses. The average jumped 22 percent, from last year’s $3,315 to $4,051. But the median price checked in at $1,900, a figure that was 24 percent lower than last year’s $2,500. The buy-back rate was 34 percent, up from 25 percent in 2009.

The sale-topper was Too Late Now, Canada’s champion 3-year-old filly of 2003 and now a broodmare. Jim Stone paid consignor Inside Move, agent, $50,000 for her. A 10-year-old Raj Waki mare, she is the dam of two winners so far, A Little Too Late by Bold Executive, and the Milwaukee Brew gelding Kinnaird. Too Late Now was not in foal.

Stone and the Inside Move agency also were the buyer and seller, respectively, of the day’s second highest-priced horse, the $20,000 broodmare Proper Gamble. A winner by Prospectors Gamble, the 11-year-old mare was cataloged in foal to Time Bandit. She is from the family of Grade 1 winner Pine Circle and Grade 2 winner Aztec Hill.