Indiana Derby runner-up Our Moneyman sells for $2 million at F-T horses of racing age sale
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LEXINGTON, Ky. – The dynamic approach to the catalog for the Fasig-Tipton July horses of racing age sale paid off again on Tuesday evening, as Our Moneyman, the final horse in the catalog, brought a sale-record $2 million to bring the house down at the company's Newtown Paddocks headquarters.
Led by that flashy activity, Fasig-Tipton reported 38 horses in this market segment sold for gross receipts of $6,428,000. Last year, 51 horses brought $8,037,000.
With fewer horses sold, and a record at the top of the market, the average price was $169,158, establishing a record by surpassing last year's prior-high mark of $157,588 by 7 percent. The median was $85,000, dipping 11 percent from last year's record of $95,000.
Only seven horses failed to meet their reserves for a buyback rate of 15.5 percent, compared to an extraordinarily low 5.5 percent, from three unsold, last year
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Fasig-Tipton reviews supplemental entries to the July sale up until auction time, and it has paid off with seven-figure fireworks in recent years. Informed Patriot, added to the catalog off a third in the Indiana Derby the weekend prior, sold for $1.55 million to top the 2024 edition of this sale.
Last year, Romeo was a late addition to the catalog after winning the Bashford Manor less than two weeks prior, and set a then-record price of $1.7 million. Our Moneyman was announced as an addition to this week's sale on Sunday, less than 24 hours after finishing a troubled second by a neck in the Grade 3 Indiana Derby.
"The horses of racing age sale is always a very interesting and dynamic exercise," Fasig-Tipton president Boyd Browning Jr. said.
"In the world we live in, particularly on the racing side of things, currency is so valuable. A horse with current form that's accomplished something in recent days makes it so much more interesting and so much easier to get people excited to evaluate that horse from a buying standpoint."
Agent Pedro Lanz, who ultimately prevailed in the bidding for Saudi Arabia's KAS Stables, said he was watching replays of Our Moneyman's races and considered him a "perfect" prospect to seek out, and then was blown away when he was entered in this catalog. He waited all day to fight for him.
"It feels like boxing, the main event," Lanz joked. "Let's do it!"
Louisiana-bred Our Moneyman was consigned by Hunter Valley Farm, as agent. He is by in-state stallion Mr. Money, a multiple graded stakes-winning son of classic sire Goldencents, who in turn is by the great Into Mischief.
Racing as a homebred for Allied Racing, and trained by Bret Calhoun, Our Moneyman has a consistent lifetime record of 9-3-5-1.
A multiple statebred stakes winner at Fair Grounds, he has stepped into open graded stakes company in his last two outings. He was second by two lengths to Grade 1 winner Further Ado in the Grade 3 Matt Winn in June at Churchill Downs. Further Ado, the beaten Kentucky Derby favorite, is favored in this Saturday’s Grade 1 Haskell.
Our Moneyman then went on to finish second in the Indiana Derby to the well-regarded prospect Leading Change. He earned Beyer Speed Figures of 94 and 95 in those two graded-placings.
The major goal for KAS is to purchase horses to target the major races in the first quarter of the year in the Middle East, such as the Saudi Cup and Dubai World Cup. However, with Our Moneyman being a 3-year-old with many opportunities available to him, his immediate future will be in Grade 1 races for the 3-year-old division in the U.S.
Lanz said he intended to contact Calhoun to see if he could continue training the colt.
"I don't know if the Travers is too soon, but maybe the Pennsylvania Derby," Lanz said.
For hip-by-hip results from the July horses of racing age sale, click here.
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