Saratoga Resale Profits Slow After First Session
Updated: Wednesday, August 8, 2007 12:55 AM
Posted: Tuesday, August 7, 2007 9:30 PM
Fewer than half the 17 horses previously sold at auction produced a resale profit after going through the sale ring at the Aug. 6 opening session of the Fasig-Tipton Saratoga yearling auction.
Seven horses realized a collective profit of $490,000, while two had an aggregate loss of $42,000. Eight others did not meet their reserve price and were not sold.
The biggest net gain from one auction to another was for hip number 14, a Lion Heart colt that sold for $330,000 from the Gainesway Agent V consignment. The colt had been purchased for $160,000 by B.P.N. Farm at the 2006 Keeneland November mixed sale.
The eight RNA horses brought a collective hammer price of $1,720,000, which would have yielded $455,000 more than the investment of their previous sale prices.--Ryan Conley
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