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The official start of the yearling sales season kicked off yesterday, 7/12/16, at Fasig-Tipton in Lexington, KY. This sale came one day after the Summer Selected Horses of Racing Age Sale. I was especially excited to attend day 2 because it marked the first time I part owned a Thoroughbred at an auction.
I was not on hand, due to my day job, for the horses of racing age sale. That sale was quite a success. Compared to last year, more horses were sold fetching a higher overall price, a higher average price and far fewer unsold horses. 72 horses sold versus 65 the prior year. The total sale brought in over $5 million dollars compared to less than $4 million in 2015. The average price per horse rose by over $8.5 thousand dollars. Finally, only 19 horses did not get sold this July, where as last year 31 did not sell. The sale topper was the 7-year-old mare, Storm Lucy at $575,000. Malibu Moon and War Front sired 5 Thoroughbreds each in that sale making them the top sires by numbers in the sale. Taylor Made Sales Agency was the top consignor.
The July Selected Yearling sale did not exceed 2015’s results. The number of horses sold declined, as did the total price as well as the average price while the number of horses that failed to meet the reserved price increased. The 2016 sale sold 183 Thoroughbreds versus 205 the year before. Last year’s sale made over $20 million dollars while this year brought just over $17.6. On average horses dropped from $97 thousand dollars to $86 thousand each. This year 110 horses were not sold versus only 83 the prior Summer sale. Seen above is the sales ring screen showing an Uncle Mo filly bringing in $250,000. A colt sired by Curlin, hip 222, was the sale topper at a price of $475,000.
Wearing hip 235, pictured above, is a horse that I part owned thru a pinhook partnership I bought into last Fall. He came in with a 4 way tie of top selling horses. This colt, sired by Graydar, brought a price of $200,000. He sold to Twin Creeks Racing Stable, LLC. I loved his unique coloring, best seen in the sunlight. I can not wait to see how well he does on the track later in life!
Hips 338 seen at top left was sired by Speightstown and sold for $350,000. On the right is hip 326, another horse sired by Curlin, who sold for just $90,000. He is in front of the walking ring screens as hip 324 by Stay Thirsty who sold for $260,000.
Touring the grounds a bit I saw some interesting reminders of the exciting sales graduates that Fasig-Tipton has sold before. On July 19, 1975 the Lexington location of this great auction company sold the amazing Seattle Slew for just $17,500. He went on to win the Triple Crown in 1977. He has a whole building complete with art named for him as seen above. Below, we see a reminder of American Pharaoh, our last Triple Crown winner. He was featured as a yearling at the Fasig-Tipton Saratoga Sale in New York in 2013 and bought back by his owner. This is where the next major yearling sale will take place on August 8 and 9th, The Saratoga Sale. My group has several horses in that auction so I will be following it closely.
I hope you all enjoy the yearling auctions. Check back with me weekly for more Thoroughbred news or adventures.
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