Phoenix Thoroughbreds Goes To $1 Million For Orb Colt At Fasig-Tipton Saratoga

by | 08.08.2017 | 11:00pm
Hip 186, 2017 Fasig-Tipton Saratoga Sale

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.”

The sale saw its second seven-figure yearling in Hip 186, an Orb colt, who brought $1 million from agent Kerri Radcliffe Bloodstock on behalf of Phoenix Thoroughbreds Wednesday evening.

“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

  • gus stewart

    Sure looks like things are very healthy in the race horse business, and yes its nice to see the activity. But since there are two different articles on pr report last few days stating the possible closer of one track and the other seems to be in steady decline, along with California’s problems and keenland having to raise takeout.. i gotta know who goofed,, jim healy famous words. If someone knows besides bloodstock agents signing tickets, whats the age group of rhe owners that are buying these horses at increased prices. Unless they are moving to japan or england and maybe Australia to race ok i get it. But im thinking the majority of the actual owners are 65 or over. Really would like to know, because here in states we seem to be in decline. So are older owners being sold on rhe smoke and mirrors platform?

    • Michael Shea

      I don’t understand this myself. There are impressive sums being paid for unproven yearlings, in some cases out of unproven sires and dams. It’s as if the game has been transferred from the racetrack to the breeding shed and the races are almost a nuisance. The number of yearly foals is down, translating to smaller fields on the tracks. So I assume the law of supply and demand makes those foals produced more valuable, but I’m seriously trying to understand how this benefits anyone in the long run. If we don’t improve the racetrack experience, all the blueblood pedigree in the world won’t be worth a dime.

      • gus stewart

        Exactly, i mean if your investing in a business like a movie theater where attendance is decreasing, and year after year because of technology, less new theatres are being opened, are you going to pay more for a theatre? Heres where i have a big problem with this aspect of the horse biz, as others such as marketing and rebranding of the sport to a differnt generation. So as i said, in other post, how old are these buyers, are the sales people, trainers ect, just spinning a pretty picture, and are these owners new owners, i dont think so, and this is the perception to new people wanting to get involved in racing seeing thier folks, or grandfolks losing more money in racing,, just my veiw, im always open to understanding things i may not see, it just looks this way to me.

        • Michael Shea

          Gus, I think it’s even weirder than your analogy. It’s more like a movie producer investing in movies which will never be seen or will be seen by such a small audience that a loss is almost guaranteed. Then to make it even more analogous to horse racing, let’s not tell anyone about the movie. That should just about make it a certainty that no one goes to the theater. But those who do will be charged exorbitant prices to get in.

          • gus stewart

            Yep, thats more accurate example then mine. Lol

    • stevemak

      I think the answer is in the purses available. Despite some small ups and downs, purses have been relatively steady over the last 10 years (how they’ve held steady is another discussion altogether). In addition to that, I would guess that the distribution of purses has become more skewed to the top end races and meets (see Pegasus), which is where the owners buying out of this sale expect to be competing. Though long term, the Keeneland increase in takeout is bad for the industry, it helps owners in the short term if $ goes into the purses. The investment period on these horses is 3-5 years, as long as purses stay stable over that period, they get what they expected.

      • gus stewart

        ok thank you for the explanation and viewpoint, I just feel purses will not stay the same in 3 to 5 years unless big changes are made.

  • Linda Horn

    “Total receipts were $52,995,000.” I sure hope they donate a percentage for second careers and aftercare. Even 1% ($529,950) would go a long way toward helping the horses who don’t do well on the track, get injured, or are retired.

    • Lonestar95

      Well said Linda

    • gus stewart

      That would be a nice thing to do. I have asked this also, on track, as even the hardest core player if you had a few donation containers by the padfock or next to an area where horse walked to track, stating any donation would go to retired racehorses, most if not all people would drop change a dolkar or two or more after a win,, why cant this be done, esoecially here in del mat calif or santa anita.

    • Rachael Zilboorg

      All consignors have the option to automatically donate a portion of proceeds to thoroughbred aftercare.

  • Eddie Donnally

    So happy for Fasig-Tipton. They are a benevolent organization and the company and their staff have done much for Jockeys and Jeans, which raises funds to the PDJF, which makes monthly payments to some 62 permanently disabled jockeys. As one who paid my way through the checkout line on the backs of racehorses, I am all for supporting retired Thoroughbreds. But I am also for support the very human men and who left much of their lives beneath the horses we all know and love. Eddie Donnall

  • Only place I’d buy a horse is Keeneland. Specifically Keeneland in September. That’s the only sale you need.

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