The yearling selling season got off to a strong start last month when Fasig-Tipton's Kentucky select auction set sale records for its average and median prices while generating its highest ever price for an individual horse -- a $1.2-million Forestry
-- Alizea's Song colt. Now the action moves to Saratoga Springs, N.Y., where Fasig-Tipton will conduct its boutique sale Tuesday and Wednesday nights.
The catalogue has 180 yearlings, a 17.6% increase from a year ago, when the book listed only 153. The downturn in number followed the sale's disappointing performance in 2004, when gross revenue, average, and median all declined. Cut from three nights to two, the auction rebounded in 2005, posting gains in average and median. Fasig-Tipton also sold its highest-priced yearling in Saratoga since 2001 when Black Cat Crossing (by Storm Cat
) brought $3.1 million.
The main complaint from buyers last year was that they wanted to see more horses. This year's catalogue is larger, but Fasig-Tipton executive Boyd Browning said the company did not sacrifice quality for quantity. The pool of yearlings to choose from was larger, he explained, because of strong results in 2005.
This year's group includes two colts by Storm Cat
, one of which is a half-brother to 2003 Breeders' Cup Sprint (gr. I) winner Cajun Beat (by Grand Slam
). The other is from the family of 1982 champion sprinter Gold Beauty. Also in the catalogue is an A.P. Indy
filly out of French group I winner Macoumba and a Monarchos
colt that is the first foal out of grade I winner Forest Secrets.
William S. Farish's Lane's End is returning to the Saratoga select sale after a two-year absence. It has three horses catalogued.
Sessions begin each evening at 7:30 (EDT).