Fasig-Tipton's New York-Bred Yearling Sale saw records across the board at its Sunday night conclusion, from its economic indicators to its top price of $500,000. Gross receipts of $16,214,000 jumped 18 percent, while average price of $89,088 was up 15 percent over last year's sale. Median price finished at $69,500, which was also a 15 percent increase. All figures were records.
The RNA rate also improved from 32 percent at the 2016 sale to 25 percent this year.
The record-setting price of $500,000 was for Hip 589, a gray colt by Cairo Prince, out of Carson City mare Garden City. The colt is also from the family of Inside Information. RFHF Bloodstock consigned the colt, who was purchased by Ciaran Dunne. He was one of the last 10 hips to go through the ring Sunday.
Earlier in the week, the Saratoga Selected Yearling sale also finished with strong figures.
“We had a tremendous week,” said Fasig-Tipton President Boyd Browning. “The New York-bred sale was record breaking in all aspects. Great demand, literally from start to finish. The growth of the New York-bred program continues to be demonstrated by results on the racetrack and sales ring.”
Browning admitted the New York-bred sale was competitive enough he even heard a few buyers complain that the competition was so great they struggled to get horses purchased.
“The market's been pretty good from the start of 2017,” he said. “I think there's been a sense of optimism. I really think this week put a little extra oomf and bounce in both buyers' and sellers' outlooks.
“It's not out of control. The one caveat i think we all need to be mindful of is we dealt with pretty carefully-selected product this week. We still have a marketplace that is somewhat polarized. We're going to have some days ahead through the yearling sale season that aren't going to be as enjoyable as this week.”
The first day of the New York-bred sale was delayed to accommodate a weather delay at Saratoga as strong thunderstorms moved through the area.
The session topper for Saturday's opening night of the sale was Hip 371, a colt by City Zip out of Jump Start mare Nick's Honor. Mike Ryan signed the ticket as agent for Kindred Racing. The colt, consigned by Indian Creek, is a half-brother to stakes winners The Lewis Dinner and Kelli Got Frosty.
To see complete sale results, click here.
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