Dancing Band, a 4-year-old daughter of Dixieland Band, brought $250,000 to top Monday’s concluding session of the Fasig-Tipton Winter Mixed Sale at the Lexington pavilion.
Consigned by Paramount Sales, agent, the filly was purchased by E. A. Blythe, agent. The filly, produced from the grade III-winning Rahy mare Miss Ra He Ra, finished third in last year's grade II Lake Placid Stakes and was offered as a racing or broodmare prospect.
Good Student, an Argentine-bred daughter of Louis Quatorze, was sold for $210,000 as the second-highest price of the day. A 7-year-old mare who was group III winner in her native country and who was grade II-placed in the U.S., Good Student was purchased by Curtis Sampson from the Winter Quarter Farm consignment. Produced from the Southern Halo mare La Sorbonne, Good Student is a half-sister to stakes winner The Student. Good Student was offered as a broodmare prospect.
FTK reported 371 horses were sold during the two-day auction for $6,332,300, compared with gross receipts of $7,772,700 for the 444 head sold one year ago. The average fell 2.5% to $17,068, compared with $17,506 in 2006. The $7,000 sale median this year represented a 40% increase over the 2006 median of $5,000. The 125 horses not sold represented a buyback rate of 25%. Last year, 186 horses did not reach their reserve prices for an RNA rate of 29.5%.
During the final session, 176 horses grossed $3,643,000, for an average price of $20,699 and a median of $8,000. During the comparable session one year ago, 237 head sold for $5,436,000, for an average price of $22,937 and a median of $6,000.
“Overall, the sale was good,” said Boyd Browning, Fasig-Tipton executive vice-president and chief operating officer. “It was a legitimate marketplace, where if you had horse worth $250,000 or one worth $2,500, there was a buyer. But it still suffered at the lower end, where there were some horses still being offered which have no commercial value. It's an open horse sale and you get the quality they send to you.”
Monday’s third-highest price of $200,000 was paid by Peter E. Blum for Lady Fu Peg, a daughter of Kentucky Derby (gr. I) winner Fusaichi Pegasus consigned by Gainesway, as agent for Eldon Farm Equine. Produced from the stakes-placed Lypheor mare Fineza, the 4-year-old filly is a half-sister to grade I-winning millionaire Keeper Hill and grade II winner Golden Gear.