Sparked by three seven-figure yearlings Tuesday night – bringing the two-day total to five – the 2018 Fasig-Tipton Saratoga sale wrapped up an emotional run with record returns.
Fasig-Tipton reported sales on 170 of the 216 yearlings offered during the two sessions for $62,794,000, just edging the previous record of 62,412,000 for 162 yearlings sold in 2001. Total sales rose 18.5 percent, thanks in part to those seven-figure yearlings and an extremely strong group of horses that sold for prices right around the average of $369,376. The median price of $300,000 equaled last year’s record mark for that metric.
“I’m pleased to report the 2018 Saratoga sale established a new record for gross sales,” an emotional Boyd Browning, Fasig-Tipton president and chief executive officer, told the press after the receipts were added up. “It doesn’t happen without the trust and confidence of the best breeders, best pinhookers, best consignors in the world.
“The quality of the horses that we had on the sales grounds this week was fantastic. You all heard the same rave reviews that we heard and it truly was a tremendous group of horses and I fully expect to see future catalog covers stashed and stocked with graduates of t his sale.”
Browning credited the Fasig-Tipton team, which came to Saratoga missing a key member after the passing of respected horseman Bill Graves this spring.
Graves remained involved in the selection process and in putting together the Saratoga catalog, which drew raves from prospective and eventual buyers in the days leading up to the sale.
“It also doesn’t happen without a tremendous team,” Browning said. “I’m biased. I think we have the best team in the world at Fasig-Tipton across the board. It’s a collection of people who truly care about the business, about the company, about the people we sell for and about each other.
“We were obviously missing in person a key member of our team, but I think he was with us. He was with us throughout the selection process, putting the catalog together, we barely, barely established the record, by like a couple hundred thousand dollars is what the gross exceeded the record. I don’t know if you believe in divine intervention or not, I’m not going to ask any questions. It’s humbling, it’s invigorating. We’re proud of the sale. It’s a significant accomplishment.”
The sale’s average price of $369,376 rose 8.7 percent from last year’s $339,712 and not far off the record of $385,259 also set in 2001.
Tuesday’s night’s average hovered at the $400,000 range for much of the evening and finished at $388,839, significantly aided by yearlings by Medaglia d’Oro that sold for $1.35 million, $1.3 million and $1 million.
West Point Thoroughbreds, Rob Masiello, Chris Larsen and Siena Farm purchased the evening’s most expensive yearling, which also finished as the sale topper, stretching to $1.35 million for Hip 196. Consigned by Taylor Made Sales Agency, the colt is out of the stakes-winning Wildcat Heir mare Coco’s Wildcat.
Phoenix Thoroughbreds purchased the second most expensive yearling – and the sale’s top-priced filly – going to $1.3 million for Hip 204, who is out of the Vindication mare Dawn Raid. Consigned by Warrendale Sales, the filly is a half sister to 2016 Preakness winner Exaggerator.
Roy and Gretchen Jackson’s Lael Stable purchased the other seven-figure Medaglia d’Oro, going to $1 million early in the session for Hip 143, a filly out of the winning Distorted Humor mare Veracity.
Check out the hip-by-hip results from the 2018 Fasig-Tipton Saratoga.