$200,000 Posse Colt Tops Session One of Fasig-Tipton Preferred Sale

A colt by Posse out of the Phone Trick mare Reverse the Call brought $200,000 to top session one of Fasig-Tipton's Preferred New York-bred Yearling Sale Aug. 10, where the average, gross, and median were all up.

A bay colt by Posse out of the Phone Trick mare Reverse the Call brought $200,000 to top session one of Fasig-Tipton’s Preferred New York-bred Yearling Sale in Saratoga Springs Aug. 10.

Mike McMahon of McMahon Bloodstock purchased the colt, a half brother to graded stakes winner Kodiak Kowboy, on behalf of Saratoga Stable.

“He looks just like Posse,” McMahon said. “He’s strong, has an excellent hip and a great shoulder, and we hope he’s a very fast horse next year in the spring. He was the best colt in the sale.”

Denali Stud consigned the colt for Vivian Malloy’s Edition Farm in Hyde Park, N.Y.

“They told me in the last day or so that he was quite popular, so needless to say, I’m thrilled,” said Malloy. “The winning Posse 2-year-olds just keep on coming, so I’m very excited.”

Later in the sale, John Kimmel purchased a More Than Ready  filly out of the Rubiano mare Since Time Began on behalf of Rayzin The Bar Stables for $170,000 – which topped the $160,000 purchase by agent Buzz Chace of a Peace Rules filly on behalf of L.F. Stables, the pinhooking venture recently established by Terry Finley’s New Jersey-based West Point Thoroughbreds.

The More Than Ready filly was consigned by Crossroad Sales Agency, while the Peace Rules filly, out of the unraced Kingmambo mare Mambo Mistress, was consigned by Paramount Sales, Agent.

“She’s a nice individual with a good sire who has a chance. He was a fast horse, and she has a nice pedigree,” Chace said of his purchase. “She has a nice hip, a beautiful walk, and a nice way about her.”

Session one of the auction exhibited the following business trends:

*  The number of horses offered increased from 83 last year to 100 this year.

*  57 yearlings were sold versus 52 last year, with the buyback rate up 43% (43 head) from 39% (33 head) last year.

*  The gross was up 14%, from $2,642,500 last year to $3,006,000 this year.

*  The average was up 4%, from $50,817 last year to $52,737 this year.

"This is a very good market and a nice play to buy a nice New York-bred," said Fasig-Tipton CEO Boyd Browning Jr. "It's a great sale and tonight was no exception -- we had New York owners and trainers and pinhookers, and that's the way it's been forever. The New York-bred program is a great program, and the support of the sale is in its' normal place, where it should be."

Fasig-Tipton's Preferred New York-bred sale concludes Aug. 11 with session two beginning at 7 p.m. (EDT) in Saratoga Springs, N.Y.