The Fasig-Tipton New York-bred preferred yearling sale enjoyed some big upswings in its key business figures on its opening night, Aug. 13, in upstate New York. The gross revenue increased 60.8% from a year ago to $3,067,500. The average price rose 49.9% to $51,992. And the median price advanced 22.2% to $33,000.
In addition, the number of horses that were sold was up, increasing 7.3% to 59. However, in another development, which wasn’t so encouraging, the buy-back rate increased sharply, rising to 35.9% from 25.7% in 2010.
Eleven yearlings each sold for $100,000 or more apiece. A Dixie Union colt was the night’s most expensive horse, commanding $250,000 from Everett Dobson's Cheyenne Stables. Winter Quarter Farm, agent, consigned the bay yearling, which was bred by Waterville Lake Stables.
The colt is a half brother to three winners: Almooriq (by Ghostzapper ), Prado Dash (by El Prado), and No Spin (by Johannesburg). Their winning dam, Dash for Money (by General Meeting), finished third in the 2003 Railbird Stakes (gr. III) and is a half sister to the added-money winner Flaming Heart (by Touch Gold). Other family members include grade I winner I’m the Tiger and grade III winners Medicine Woman and Blumin Affair.
A son of Orientate was the session’s second-highest-priced yearling, bringing $155,000 from Walter Solace, agent. Vinery Sales, agent, consigned the dark bay or brown colt, which is a half brother to the winners Nauset Light (by Greeley's Galaxy) and Tapped Out Bruno (by Tapit ).
Bred by Donald Flanagan, the $155,000 yearling is out of the winner Back Bay Lady (by A.P. Jet). The mare is a half sister to 2011 Excelsior Stakes (gr. III) winner Inherit the Gold (by Gold Token). Inherit the Gold has won two other added-money events this year.
A daughter of Yes It's True was the evening’s most expensive filly. John Confort purchased her for $140,000 from Denali Stud, agent for Elise Benedict Browne.
The bay yearling is out of the Fusaichi Pegasus mare Wu Fu, who finished second three times and third three times in 10 career races. Wu Fu is a half sister to three stakes winners: Bay Barrister (by Miswaki), Go to the Ink (by Crafty Prospector), and Pas by Pas (by Crafty Prospector). Bay Barrister is the dam of grade II winner Indian Firewater (by Indian Charlie).
The New York-bred preferred sale’s second and final session is set for Aug. 14. It is scheduled to begin at 7 p.m. (EDT) in the Humphrey S. Finney Pavilion in Saratoga Springs.