F-T Florida Select Sale Has 167 Juveniles

The auction will be held March 26 at the Palm Meadows Training Center.

Fasig-Tipton has cataloged 167 horses for its Florida select sale of 2-year-olds in training. The number is down 30.4% from last year’s total of 240.

The auction will be held March 26, beginning at noon (EST), at the Palm Meadows Training Center near Boynton Beach. The under tack show is scheduled for March 23 at Palm Meadows. It will start at 10 a.m.

“This will be our second year at Palm Meadows and there is no question that our sellers and buyers appreciate and enjoy the training and sales facilities there,” said Fasig-Tipton president Boyd Browning. “For more than 30 years, Fasig-Tipton has had the privilege of offering the finest of the in-training sales crop in South Florida.  The quality of this year’s Palm Meadow offerings, in terms of both our pedigree and physical evaluations, is outstanding.

The catalog can be viewed online at www.fasigtipton.com and print versions will be available from all Fasig-Tipton offices beginning Feb. 20.

“This sale has earned the distinction of being an outstanding source of top class runners and this tradition continues,” Browning said. “Florida sale grade I-winning graduates in 2011 include Breeders Cup Mile winner Court Vision, Travers Stakes winner Stay Thirsty, and Shadwell Mile winner Gio Ponti.  In addition, the co-highweight 2-year-old of 2011 (on the Experimental Free Handicap) and winner of the grade I Champagne Stakes, Union Rags, sold at our sale last year and (that) is sure to generate a lot of momentum and interest for this year’s sale.”

During last year’s edition of the auction, the number of horses sold fell 11% from 2010 to 81 while the gross dropped 15.4% to $19,832,000. The average price declined 4.9% to $244,840. The median price remained the same at $200,000.

The buy-back rate rose to 43.4% from 37.2% in 2010.