Fasig-Tipton sale rallies in second day

by | May 24, 2016 | Breaking, Breeding, Business, Maryland, MD Business, Regionwide, Top Stories

From a Fasig-Tipton release

For the second year in a row, a seven-figure filly topped Fasig-Tipton’s Midlantic Two-Year-Olds in Training Sale held annually in Timonium, MD. The sale concluded its two-day run on May 24 with a record-high gross of $23,136,400, which was about two percent higher than last year’s.

Hip 490, a filly from the second crop of champion Uncle Mo lit up the board mid-afternoon on May 24 to top the 2016 edition of the Midlantic juvenile sale. On the merits of a 21:2 two furlong work during the under tack show, the Pike Racing-consigned filly caught the eye of Chester Broman and trainer Linda Rice, who went to seven figures to secure the sale-topper.

“She is an Uncle Mo and worked brilliantly and galloped out well,” Rice said of the sale-topper. “We knew she was going to be expensive.”

Hip 490 is out of Dream Street (Tale of the Cat), dam of four winners, including Grade 2-placed winner Lassofthemohicans (Indian Charlie), with an immediate family that includes two-time champion and multiple G1 winner Housebuster. The sale-topper was bred in Kentucky by T.F. VanMeter, Gaines-Gentry Thoroughbreds, and Fox Strauss.

Hip 461, a Pennsylvania-bred colt by Maryland sire Friesan Fire, led male juveniles sold when acquired by Crupi’s New Castle Farm for $825,000 during Tuesday’s session. Offered by Scanlon Training & Sales as agent, the colt worked an eighth in 10:0 during the under tack show and hails from the immediate family of G1 winner Our Native. The top colt was bred in Pennsylvania by Hope Hill Farm.

Six horses sold for $500,000 or more, up from four horses sold equal to or in excess of that figure in 2015. Those popular items include the sale toppers and four additional two-year-olds from four different sires:

  • Hip 21, a colt by Medaglia d’Oro which sold for $600,000 to Ruis Racing from the consignment of Cary Frommer, agent;
  • Hip 162, a filly from the first crop of The Factor, which sold for $510,000 to Stonestreet Stables from the consignment of Eddie Woods, agent;
  • Hip 463, a colt by Speightstown which sold for $500,000 to I.B.S. from the consignment of McKathan Bros., agent; and
  • Hip 112, a filly by Malibu Moon, which sold for $500,000 to Steven W. Young, agent from the consignment of De Meric Sales, agent.

At the end of the two-day sale, 337 two-year-olds changed hands for a total of $23,136,400. Those numbers were good for an average of $68,654 and median of $32,000. The RNA rate was 25.9 percent.  Those latter numbers trailed those of 2015, which saw an average of $88,859, with a median of $45,000.  The 2015 buyback rate was 21.5 percent.

The leading consignor by gross was Eddie Woods with 14 sold for a total of $1,988,000. Steve W. Young led all buyers with four purchased for a sum of $1,122,000. Uncle Mo was the leading sire by gross and average (three or more sold) with figures of $1,360,000 and $340,000, respectively.