Texas Yearling Sale Concludes With Average Increase

• Email
• Print
• Tweet

There were no more $100,000 purchases, but the Fasig-Tipton Texas yearling sale concluded Tuesday with a 5.7 percent increase in average sales price compared to last year. FT Texas reported 278 yearlings were sold for an average of $10,424 during the two-day sale at Lone Star Park at Grand Prairie, compared with 310 horses that averaged $9,862 last year.

The sale was easily carried by a 105-hip offering of selected yearlings that opened the sale on Monday. That portion of the sale exceeded $24,000 in average sale price, highlighted by two purchases of more than $100,000. Tom Durant of Granbury, Texas, spent $150,000 on a son of freshman sire Hennessy, and Lakland LLC spent $130,000 on a colt by Forest Wildcat.

But the rest of the sale didn't meet last year's figures. FT Texas reported 200 yearlings sold during this year’s open session for an average of $4,984 this week. The sale averaged $6,205 on 239 yearlings reported as sold after the select session last year.

But Tim Boyce, director of sales at FT Texas, was not disappointed with the results, noting that recent sales at Del Mar and Ocala had also experienced declines in some business figures.

"A couple of weeks before our sale, when we had the Del Mar results and the OBS results, I thought we needed to get ready to weather the storm,'' Boyce said. "But we had increases. Even if they were modest increases, I thought it was strong that we had increases."

The Tuesday session was topped by a pair of $32,000 bids. A Well Decorated colt out of Miss Blackhawk (stakes-placed in New Mexico) was purchased by Ken Murphy from J. Archer Farms, Huisache Farms as agent. And Becky Thomas had the winning bid on a Pancho Villa colt out of Miss Presto (stakes-placed in Oklahoma and Arkansas) consigned by S.F. Henderson.

Gross receipts this year were $2,897,800 for 278 horses reported as sold, compared with the $3,057,200 paid for 310 horses last year. Those lots that did not reach the reserve set by their consignors was 25.5 percent this year, up slightly from the RNA figure of 23.8 percent last year.

• Email
• Print
• Tweet