Flashly tops horses sold by Zayat Stables receiver at $310,000

The young broodmare Flashly sold for $310,000 to Sallusto and Albina, agent, at the Fasig-Tipton February sale, highlighting a half-dozen offerings from Zayat Stables. The horses were supplemental entries into the sale after the embattled stable was placed under receivership, with a third-party manager taking the wheel on the operation as it attempts to settle a long line of debt following a recent lawsuit.

Flashly, a winning Denman mare who was offered in foal to Zayat’s Triple Crown-winning homebred and leading freshman sire American Pharoah, is a half-sister to Kentucky Oaks winner Cathryn Sophia. The other Zayat horses, all consigned by St George Sales, as agent, were racing or broodmare prospect Stylish Ash, sold for $31,000; the broodmare Nomee, sold for $19,000; Megalicious, dam of stakes-placed My Sweet Stella, sold for $6,000; Fateer, dam of stakes winner Bob and Jackie, who failed to meet her reserve with a high bid of $95,000; and Fateer’s yearling Paynter filly, who was a $1,000 buyback.

“The receiver has the fiduciary responsibility to manage those assets and evaluate the best way to maximize their value,” said Fasig-Tipton president Boyd Browning Jr. “There was no obligation or requirement to sell those horses at any price. I think it shows the credibility and the confidence that the receiver has in the process. They put a value on [Fateer] that they thought was fair and reasonable, which I concurred was fair and reasonable, and the market didn’t think she was worth that today. . . . I think it shows they take their fiduciary responsibilities seriously. I think it demonstrates to all impacted parties that they’re going to hopefully continue this process in an orderly fashion and do the best job they can to maximize the proceeds of those assets that are remaining.”

Select Sales dissolves

The Fasig-Tipton February sale marked the final auction for Select Sales, which announced this week that it would cease operations and dissolve, with its partners moving on to other pursuits, some of which have already been announced. The company sold 13 horses for revenues of $264,200 over its final two-day run.

Select Sales founding partner Carrie Brogden, who co-owns and operates Machmer Hall Farm, will continue to consign horses under the new banner of Machmer Hall Sales. Since being founded 11 years ago, Select’s notable graduates include two-time Eclipse Award champion Tepin, who was bred and raised at Machmer Hall and was sold by Select as a yearling in Saratoga.

Andrew Cary, one of Brogden’s former partners in Select, wasted no time with his new venture, announcing this week the launch of his Cary Bloodstock and receiving new clients immediately, purchasing two horses at the Fasig-Tipton February sale.

“I’m very blessed and excited for this new opportunity,” Cary said in a press release. “We had a fantastic decade together at Select Sales, and I’m really looking forward to a new chapter in my life and career. I greatly appreciate the support of my family, friends, and clients in this new endeavor.”

Meanwhile, Eaton Sales announced that another former Select Sales partner, Jay Goodwin, will be joining its team as an account manager.