A striking black colt from the first crop of multiple grade I winner Vicar sold for $185,000 Monday to top the opening session of the Fasig-Tipton Midlantic Eastern fall yearling sale in Maryland. The buyer was Florida pinhooker Nick de Meric, who was acting on the behalf of Seth Klarman's Klaravich Stable. Virginia pinhooker Allen Jenkins was the immediate underbidder.
"To me he was an exceptionally well-balanced colt with a lot of bone and substance and a beautiful, athletic walk," de Meric said.
Klarman plans to race the colt, not resell him. The session topper is the second foal produced from the 6-year-old Go for Gin mare Silver Seas, who is a half-sister to grade II winners Belterra (by Unbridled) and Royal Haven (by Hail Emperor). Robert Manfuso and Katy Voss' Maryland-based Chanceland Farm consigned the colt, which was bred in Kentucky by Manfuso.
Californian Samantha Siegel of Jay Em Ess Stable bought the session's second most expensive yearling, a $140,000 son of Allen's Prospect. The bay colt's dam, the winning Meadowlake mare Meadow Rose, is a half-sister to stakes winner Poolman (by Notebook). Meg Levy's Bluewater Sales consigned the colt, which was purchased for $28,000 by Ogden Stables earlier this year at the Ocala Breeders' Sales Company's winter mixed sale.
In all, 235 yearlings were sold for a gross of $4,040,200, an average price of $17,192, and a median price of $8,000. The buy-back rate was 23.7%. Compared to last year's opening session, when 185 horses were sold, the gross and average were up 41.0% and 11.0%, respectively, and the median was down 20.0%. The sale is two days long this year, down from three last year.
"This has been a good sale all day long," said Fasig-Tipton president Walt Robertson. "They don't want every horse you lead in, but they didn't last year either. We feel good about the market."
Mason Grasty, Fasig-Tipton Midlantic's executive vice president, thought more consignors were letting horses go in the lower price ranges rather than buying them back. That contributed to a decline in the median, he said.
The sale's final session is Tuesday, with selling scheduled to get underway at 10 a.m. (EDT).