Best Goes To Cool $1 Million For Medaglia d’Oro Filly at Fasig-Tipton July Sale

by | 07.11.2017 | 6:45pm
Hip 290, 2017 Fasig-Tipton July Sale

Fasig-Tipton concluded its July Sale of Yearlings Tuesday with improved figures, highlighted by a million-dollar horse late in the session.

Lawrence Best, owner of OXO Equine, went to $1 million for Hip 290, a Medaglia d'Oro filly out of stakes winner Hung The Moon. Best, who made a splash earlier this year when he bought a pair of seven-figure 2-year-olds at the Fasig-Tipton Gulfstream sale, now has a stable of seven. Fasig-Tipton officials said this marked the first time a filly had brought seven figures at the July Sale since 1982.

“I try to review as many horses as I can and if one strikes me as special, I consider it carefully. I found this was the only horse I was interested in,” said Best, who does not work with an agent. “I'm building a portfolio for a ten-year ride and I don't count chips for a long, long time. I hope to have a return on my investments here, but it's like business: it takes seven to ten years to determine whether you've done well or not.”

Best currently has horses in training with Jerry Hollendorfer and Chad Brown, but has not made a determination on where this Medaglia d'Oro yearling will train on the track. He anticipated sending her to Eddie Woods to get her started.

Bluewater Sales consigned the filly.

Overall, numbers for the July sale were improved over 2016 edition. Total sales of $16,107,000 for 172 horses were up 2.2 percent, while the average of $93,645 was up 8.8 percent. The median price of $70,000 was up 16.6 percent.

Buyback rate finished at 29 percent, down from 38 percent last year.

“It certainly gives us great optimism as we head to Saratoga next. I think it should give everyone in the marketplace some confidence during the yearling sales,” said Fasig-Tipton president Boyd Browning. “The only caution is it remains a very rational market. That was a very exceptional filly that brought a million dollars, by a stallion who's unbelievable right now.”

Although a number of tickets were signed by pinhookers, Browning cautioned against characterizing the sale as a strictly pinhooker-focused venue.

Lawrence Best, 2017 Fasig-Tipton July Sale

“The press has referred to this July sale for many, many years as a pinhooker-driven sale,” said Browning. “This July Sale is not a pinhooker sale, it's a really good yearling sale that has featured for 25, 30, 35 years, athletic, precocious, mature, well-developed individuals that appeal to both racehorse people and to pinhookers.”

The sale was delayed an hour due to an ongoing construction project on Newtown Pike which had tied up traffic severely at the scheduled 10 a.m. start time. The Horses of Racing Age sale Monday night was also bumped back 30 minutes due to traffic delays.

“At 9:50 [a.m.] somebody said, ‘You really need to look at it out front,' so I called David Kyle, our facilities manager, and David cussed for like, the first time in 20 years,” said Browning. “That's the great thing about our business – we probably made the announcement at 9:52, and people sort of went, ‘Eh, ok.'”

A colt by Kentucky Derby winner Orb selling earlier in the day took the second-highest price when he hammered at $310,000. The colt is out of the five-time winning Arch mare Aurora Prospect, already the dam of winner Solon's Warning. Second dam is takes winner Screen, a full sister to multiple Grade 1 winning track record setter Scan. Consigned by Gainesway, Hip 194 was purchased by trainer Kenny McPeek on behalf of Fern Circle.

At Monday's July Horses of Racing Age sale, 84 horses were sold for a total of $8,083,000, which was up 60 percent from 2016. The average price of $96,226 was an increase of 37.2 percent from 2016, while the median of $56,000 was up 33.3 percent from last year.

Fasig-Tipton's next auction will be the Saratoga Sale, Aug. 7-8.

To view the sale catalog, click here

To view the sale results, click here

  • Old Timer

    Lots and lots of RNA’s. Buyers are in low supply while many horses are hard to give away. And this is a SELECT sale!

    IMO we’re producing TOO MANY horses for the marketplace. Stallion books of 100 to 250 mares are killing the small breeder who can’t afford to take home everything. It will never happen In this day of Ashford Greed, Spendthrift Greed, and Hill n Dale Greed, but I sure would love to see stallions limited to 50 mares or less. Scarcity is what creates higher market values but markets today are flooded with horses which never should have been born.

    • Gls

      Your half wrong, if that’s a thing. Foal crop I believe is around 22,000 a year for like the last 6 years, it use to be around 36,000. However they should put the stallion books at 100 mares. I think about all the stallions that don’t get a fair shot, and the ones that get inflated. ( over 200 mares )

    • whirlaway

      Yes way too many horses for the demand and even those with money to spend are being careful and now we see big stables joining together buying the expensive prospects. Spin
      the numbers however investment reports want not a booming economy.

  • Sampan

    Hip #190 must be quite the physical specimen for $1 million.
    The dam is an unproven broodmare.
    In the first two dams there is only 2 horses with placed non graded black type.
    On the other hand, Ken McPeek spent $1,040,000 for 9 yearlings.
    It’s a huge gamble buying yearlings but if I had to choose between the $1 million
    filly and Ken’s 9 choices spending $1 million I would go with Ken.

    • whirlaway

      Especially if racing is the end goal and Ken finds some nice horses at reasonable costs.
      This MDO filly will probably have value as a broodmare with even decent racing success
      but if she fails to run at all her investment return may take longer. A gamble no matter what for a million but I do love MDO fillies.

  • Ida Lee

    I’m dreaming…I’ve got millions…I see this beautiful girl….who is daddy….Medaglia d’Oro….I see me in a winner’s circle with Rachel and/or Songbird ….. quick….where’s my checkbook…..$1 million … is that all ???

    • TwoBays

      Exactly!
      The same people celebrating Diamondsandpearls win last week were deriding Best’s purchase today … may he get his money back 10 fold!

      • Ida Lee

        TwoBays, I sometimes don’t understand the horse racing fans attitude either …. there’s a darn good chance that we’ll be seeing this little girl on the track and that she will be a great success and then we’ll be loving on her and cheering her on to the finish line….I look forward to that time with all the anticipation of a filly and horse racing fanatic…

        • whirlaway

          And if by chance she does not get to the track she still will have value as a broodmare and like many investments may just need to wait a bit longer to be rewarded , unraced good looking well bred mares have produced good horses.
          Honestly I would always for me prefer a well bred filly, than an expensive colt if he does not garner some success will not be worth too much as a stallion until he can prove himself and most do not become Malibu Moon and Danzig just a couple from memory.

          • Ida Lee

            Yep, I very much agree … from champion runners to champion producing broodmares….love the girls …

          • whirlaway

            Have not heard anything about Rachel’s sister Samantha Nicole she was to be bred in 2016 to Bernardini, even though she was not near Rachel’s career talent she earned $123,000 and she could certainly produce a nice horse. Hopefully she will not
            have any difficulty foaling but have not heard if she had her foal this year.

  • Shasta Sam

    John Brocklebank was very active. Pin hooker extraordinaire. His will work bullets at the 2yo sales next year.

    • Old Timer

      And never be heard from again.

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