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Super Saver - Preakness Stakes 15.05.10

A half-brother to Super Saver sold for $1.2 million

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Sheikh spends big to dispel economic fears

Flanked by all the officers in his racing cavalry, Sheikh Mohammed once again rode in to the Fasig-Tipton Saratoga select sale and saved the day, buying four colts and two fillies for a total of $4,125,000, equal to 25.5% of the $16,155,000 overall turnover.

His  spending, which included a $1.2 million Medaglia D'Oro half-brother to Kentucky Derby winner Super Saver,  propelled the sale upward in all major categories, with turnover up 9.5% compared to 2010 results to $16,155,000 for 49 horses sold. Average price of $329,694 rose 29.6% and median increased by 25.3% to $285,000.

Nine other yearlings were acquired by associates or agents who have purchased on behalf of Sheikh Mohammed and his inner circle in the past, bringing the grand totals to 15 yearlings and $6,755,000, or 41.8% of gross.

The sheikh's participation was most welcome on a day whenthe American stock market suffered the sixth most precipitous decline in history, 634 points, which left Fasig-Tipton officials admittedly quaking with trepidation.

"I think it would probably be the understatement of the lastfive years, or maybe the last ten years, of my sales career to say that we're pleased with the sale results tonight," said Fasig-Tipton President Boyd Browning.

More to follow....

 

 

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