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Increases all round at 'damn good' Saratoga

FASIG-TIPTON President Boyd Browning needed only ten words to sum up the two-day Saratoga select yearling sale, North America's boutique marketplace that concluded on Tuesday.

"I would describe it as a damn good horse sale," Browning exclaimed, a mixture of relief and exultation in his voice.

Despite incredible volatility inthe domestic and international financial markets before and during the auction, Fasig-Tipton was able to record increases in all the important categories - turnover, average price and median price - as well as a significant decline in the percentage of horses not sold.

Sheikh Mohammed - Doncaster - 12.09.2009

Sheikh Mohammed: strong support

  PICTURE: Edward Whitaker  

"Obviously, we're very pleased. It starts with quality horses and we've had quality horses on these sale grounds, and buyers responded," Browning said. "It's a very encouraging sign for us and hopefully for the (overall thoroughbred) market."

Sheikh Mohammed again dominated the action in the second session, snatching a colt by Bernardini who is a half-brother to Grade 1-winning filly Havre de Grace for $1.2 million, which matched Monday's high price for a Medaglia D'Oro half-brother to Kentucky Derby winner Super Saver.

Altogether, Sheikh Mohammed's bloodstock adviser John Ferguson signed tickets on seven yearlings on Tuesday, including four colts by Darley's internationally successful young sire Bernardini, to add to the six youngsters he bought on Monday.

Eight of the top ten highest priced yearlings over both sessions were haltered by Sheikh Mohammed at Fasig-Tipton, which is owned by the Dubai-based Synergy Investments.


While the second session was not quite as robust as Monday's opener or as the comparable session in 2010, cumulative results from both sessions were remarkably strong. A total of 103 horses were sold for turnover of $32,892,000, an increase of1.2 per cent from 2010, when 118 yearlings were sold.

Average price of $319,340 increased by 15.9 per cent, while the median of $250,000 rose by 4.2 per cent. The percentage of horses not sold dropped from 28 per cent in 2010 to 22 per cent.

 

 

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