The Fasig-Tipton Saratoga sale of selected yearlings got off to an extremely solid start Monday on a night that might not have been ideal for fireworks in the sky but produced a few explosions inside the sales pavilion.
The opening session, highlighted by the sale of a Curlin colt that cracked the seven-figure mark and a Medaglia d’Oro colt that came very close, featured an extremely low buy-back rate for boutique marketplace and increases in total sales, average price and median.
“It’s only halftime, we’ll wait until tomorrow night to conclude but it’s certainly a very, very, very good start,” Fasig-Tipton President Boyd Browning Jr. said. “Average up, median up, RNA rate down, so it’s kind of the trifecta you hope for from a sales perspective. There’s a lot of work to do (tonight), but it’s a really exciting group of horses on offer. We’re very pleased with the halfway point in the sale.”
The strength of the session was evident early and especially close to the middle, when the two high-priced colts went through the ring back-to-back, and it continued through the rainy night that did anything but dampen the moods of the folks doing the selling.
The selling went extremely well as 75 of the 92 yearlings that went through the ring were reported sold for $24,425,000, up 15.1 percent from last year’s total of $21,215,000 for 73 sold. The session’s average soared 12 percent, from $290,616 in 2016 to $325,667, while median rose 25 percent from $240,000 to $300,000.
The low RNA rate of 18.5 percent, which came close to the even lower 16.1 percent RNA rate in last year’s second session and the almost unheard of 9.8 percent for the first night in 2014, contributed significantly to those positive results.
To read the rest of the Fasig-Tipton opening session recap, download Tuesday's digital edition of The Saratoga Special.