A Dynaformer colt whose second dam is Broodmare of the Year Glowing Tribute was sold for $190,000 to top the Oct. 23 session of the Fasig-Tipton Kentucky October yearling sale, which concluded with double-digit increases in gross, average, and median prices.
Purchased by Fox Ridge Farm Inc. from the Gainesway consignment, the colt is out of the grade III-winning Chief’s Crown mare Coronation Cup. Coronation Cup is a half-sister to Kentucky Derby (gr. I) winner Sea Hero, to grade I winner Hero’s Honor, and to graded stakes winners Glowing Honor, Mackie, and Wild Applause, the latter a multiple graded stakes producer.
The colt was purchased by BGH Ranch for $300,000 at last year’s Keeneland November Breeding Stock Sale and then reported sold to Mike Ryan, agent, for $180,000 at last month’s Keeneland yearling sale.
For the two days, Fasig-Tipton reported 566 horses sold for gross receipts of $10,595,700, compared with a $9,747,000 gross for the 635 yearlings sold during a three-session auction last year.
The average price soared 21.9% to $18,720 when compared with the $15,350 for the 2006 sale. The sale median of $10,000 was up 33.3%. More importantly, the buyback rate was 20.2% for the 144 horses that did not meet their reserve prices this year, compared with an RNA rate of 31.1% last year when 287 yearlings went unsold.
“This was a good sale,” said Boyd Browning, Jr., Fasig-Tipton's executive vice president and chief operating officer. “Consignors are being very realistic with their reserves we have had active participation of buyers from all over the world. Fortunately, we are seeing some faces we have not seen before.”
The session’s second-highest price of $175,000 was paid by Bill Farish for a Canadian-bred son of Pulpitconsigned by Legacy Bloodstock. Produced from the stakes-placed L’Enjoleur mare Wheedle, the colt is a half-brother to stakes-winning 3-year-old First Calvary and was bred in Ontario by Shyman Racing Stable.