Fasig-Tipton Mixed shows signs of recovery
YESTERDAY'S Fasig-Tipton Kentucky Mixed sale showed signs of recovery after suffering severe declines last year.
The 2009 sale registered a 63 per cent drop in aggregate from the preceding year, when the sale was held over two days, with a top price of $130,000 and only three lots making six figures.
At this year's sale the turnover rose by 28 per cent on 2009 to $3,052,600, and the average increased by 37 per cent to $15,899. The median held steady at $5,000.
The figures are still some way below 2008 levels, when the bigger catalogue yielded an average of $20,291 and median of $7,000.
Lavender Sky, a Grade 2-placed daughter of Mt Livermore out of Nijinsky's Oaks Trial-winning daughter Munnaya, topped the sale after being purchased by agent Dr William Lockridge for $340,000.
The six-year-old mare, who was consigned by Three Chimneys Sales, was bought on behalf of an undisclosed client from outside America, but will stay in Kentucky to be bred from this year.
Lockridge was also underbidder on the Grade 3-placed Giant's Causeway mare Julia Tuttle, who was signed for by Cherokee Equine's Tom Ryan at $235,000, in the name Bowden Global Equine on behalf of a client of Australian agent Neil Bowden.
Two other lots made in excess of $200,000: Grade 2 winner Bear's Kid, a son of Lemon Drop Kid, was sold to the Novel Group for $260,000 and Rgirldoesn'tbluff, a Grade 3-placed daughter of Pine Bluff offered in foal to Medaglia D'Oro sold to Town & Country Farms for $215,000.
This year's top price of $340,000 eclipsed that of 2008 by $20,000, but two years ago 13 lots sold for $100,000 or more compared to just five this year.