The 2017 Fasig-Tipton Saratoga Sale concluded with improved figures and a record median Tuesday evening as total sales and average price both rose 16 percent.
Total receipts were $52,995,000 for both nights and the average price was $339,712. The median of $300,000 was up 26 percent.
For the second session only, gross sales of $28,50,000 increased 17 percent, while average price of $352,716 was up 20 percent. The median price for the second session was $300,000 and was up 28 percent from last year's second night.
RNA rate improved both overall, but not for the second session. Overall, 19 percent failed to attain their reserve price, improved from 23 percent last year. The RNA rate on Tuesday night only was 20 percent, as compared to 16 percent last year.
“We had high expectations coming into the sale and we exceeded those expectations,” said Boyd Browning, president of Fasig-Tipton. “Remarkable depth in the buying pool between $200,000 and $750,000. Enormous competition. Horses were exceeding reserves by two, three, four times in many instances and you'd see it happen consecutively.”
“This is a long-term project,” said Radcliffe, who indicated Phoenix Thoroughbreds is planning to expand into the breeding arena, having already purchased mares and weanlings in Australia.
The ownership group has been active in purchasing horses in 2-year-old sales in Europe and is billed as the first regulated Thoroughbred investment firm in the world, according to Radcliffe, who is bloodstock and racing manager for Phoenix. Phoenix currently has horses in training with Bob Baffert and Jeremy Noseda.
“I expected that horse to make that money, so that was ok,” said Radcliffe. “I've got the horses I really wanted, which was the main thing.”
Earlier in the sale, Radcliffe signed tickets on five other yearlings totaling $2.95 million.
Gainesway consigned the colt, who is out of Flashy Bull daughter and stakes winner Flashy American.
The sale had one other seven-figure horse: Hip 45, a Curlin colt out of Grade 1 winner River's Prayer, who sold Monday evening. The colt was consigned by Denali Stud and purchased by agent Ian Brennan on behalf of Eric Fein, who previously campaigned Syndergaard and Musket Man.
To view the sale catalog, click here
To view the sales results, click here
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