Average, Gross Increase At Saratoga Preferred Yearling Sale

Business didn't boom at the Saratoga preferred yearling sale Sunday night. But there was enough buyer enthusiasm to generate small increases in the New York auction's gross revenue and average price.

Fasig-Tipton reported that the 82 horses sold grossed $3,557,000 and averaged $43,378. Both the gross and average increased by 4.0% from a year ago. The number sold was the same.

The buy-back rate was 35.9%, with 46 of the 128 horses offered failing to find new homes. Last year's rate was 34.4%.

Fearless Legacy, a son of Peaks and Valleys, brought the sale's top price of $180,000. Consigned by Thomas and Nadine Gallo, agents for Pete and Debbie Siegel, the colt was purchased by New Jersey bloodstock agent Buzz Chace. The colt was produced from the winning Spectacular Bid mare Majestic Bid, who is a half-sister to stakes winners Preppy Pappy and Color Television.

A number of yearling-to-juvenile pinhookers bought horses at the sale. They included Eisaman Equine, James Layden, Robert Scanlon, Murray Smith, Becky Thomas, and Eddie Woods