Fasig-Tipton closed the first night of its New York-Bred Preferred Yearlings Sale on Saturday night with improved figures over last year's opening session.
Total sales of $8,155,000 for 93 yearlings was up 17 percent over last year's total receipts. The average price of $87,688 was up 14 percent, while the median of $75,000 increased 25 percent.
The RNA rate improved from 33 percent at last year's opener to 24 percent this year.
“We hit the trifecta again tonight from a sales perspective: average was up, median was up, RNA was down,” said Fasig-Tipton President Boyd Browning. “I think it's a continuation of the same trends we saw in the Select Sale earlier in the week. “We don't ever ‘declare victory' until a sale is over, but certainly, it's off to a good start.”
As Browning has said previously, success at the regional market level reflects the competition for quality lots he sees in the select market.
“There was a noticeable improvement in quality of horses on the grounds from pedigrees to physical conformation,” he said. “It certainly helps that we're in one of the busiest weekends of the year in Saratoga, to have a New York-bred 2-year-old [Pure Silver] win the Grade 2 Adirondack. it further cements the competitiveness of New York-breds at the highest levels throughout the major racing centers in the world.”
The top price of the evening 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 the sales results, click here.
To view the sale catalogue, click here.
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