Although fewer horses were sold, the two-day Fasig-Tipton Kentucky winter mixed sale posted increases in gross, average, and median during its opening session Feb. 10 at the sale company’s Newtown Paddocks near Lexington.
"Overall, I am very pleased," said Fasig-Tipton executive Boyd Browning. "There were buyers at virtually all levels today, and it was a pretty healthy sale."
The sales company reported 160 head sold for a gross of $3,274,000 and an average of $20,463. The median was $6,250. A total of 46 horses failed to meet their reserves, down 27% from last year's opening session when 63 did not to sell.
Compared to last year, the gross increased 21.7% from $2,689,300. The average went up 48.4% from $13,791 in 2007, while the median increased 4.2% from $6,000. The number sold decreased 17.9% after 195 were sold in 2007.
"Last year, overall the sale averaged $17,000, so obviously it was stronger on the second day than it was the first," Browning said. "I don't think at the end of the day we are going to be up 50% in average for the two days. I think there will be some evening out as a result, but it was still a healthy overall market today."
Stakes winner Placid Lake, a 6-year-old Greenwood Lake mare, topped the session when she sold to John Lossen, agent, for $320,000. Consigned by Hill 'n' Dale Sales Agency, agent, the bay mare was offered as a racing or broodmare prospect.
Bred in Florida by Farnsworth Farms, Placid Lake won the Jan. 5 Glendale Handicap for owner Robert Alexander before finishing third in the Jan. 26 San Manuel Indian Bingo and Casino Sunshine Millions Filly and Mare Turf Stakes.
Placid Lake is out of stakes-winning Fortunate Prospect mare Fortune Forty Four, who also produced stakes winner Smoke Chaser (by Smoke Glacken ).
The sale continues through Feb. 11, with the session beginning at 11 a.m.