Yesterday, 7/9/15, I took some time off to catch Fasig-Tipton’s “The July Sale” which was followed by the “Summer Selected Horses of Racing Age Sale” live at their Lexington, KY location. It was a great time and I am looking forward to watching the future of these Thoroughbreds play out on the race tracks!
Fasig-Tipton is a premier Thoroughbred auction company with its Lexington location being established in 1972. The July Sale is the first United States Yearling sale of 2015. Hips 1 through 332 and 401 through 524 were featured in the barns, walking ring and sales pavilion. I came 2 hours early to walk the barns. It was a beautiful, cooler summer morning and fortunately dry to start, though we did get some sprinkles throughout the day. The horses were gorgeous and the grass appeared to be a real treat. Yum, fresh Kentucky Bluegrass! I watched as the horses were brushed and shown to some eager perspective buyers. Then I made a hasty dash to a bar stool, within the entrance to the sales pavilion. I was seated right off the walking ring, to see the sale that started at 10 am. I stayed there until nearly 3 pm watching the horses and people as I enjoyed a nice salad. I am fortunate to have made many great connections and I encountered several of these wonderful horse enthusiast throughout the day.
One of my first such connections of the day stopped by to ask me if I watched the show, “Mad Men”. I do not but I was curious as to why he would ask and he told me that Hip 6 had an interesting back story. His dam is Her Smile. She is a graded stakes winner and showed in the Sentient Jet Breeders’ Cup Filly and Mare Sprint in 2011. The more interesting fact is that while she is now owned by Frank Stronach, breeder and owner of horses and of prominent racetracks and Adena Springs Farms, Her Smile has been owned by both Bobby Flay, celebrity chef and horse owner, and Bill Backer, ad executive and creator of the Coca-Cola ad jingle, “I’d Like to Buy the World a Coke” used in a 1971 commercial and as the finale of television show “Mad Men” that ended in May 2015. Her hip #6 colt sold for $280,000 to De Meric Stables.
The rest of my day was full of more exciting stories and people but don’t forget, the focus was those magnificent horses. I was still there to see hip #152, a colt of Scat Daddy, sell for $385,000. Scat Daddy had sired 4 horses listed in the auction. One of those fillies, #220, was marked out but his other filly, #281, sold for $300,000 and his other colt, #105, sold for $110,000. #152 has Starbourne for his mare. Scat Daddy, who stands at Ashford Stud, currently has sired 10 stakes winners including El Kabeir winner of 2014 and 2015 multiple graded stakes.
In all The July Sale ended late but was a success. 205 yearlings were sold for a total of $20,005,000. The sale had 7 yearlings go for $300,000 or more each. 18 others sold for $200,000 or better. The average price was over $97,000 and the median was over $77,000, with both of those figures being up from the previous year, while the buy back rate went down, at 29%. #317 brought in the biggest price at $500,000. She is a filly by sire, Tapit and French Dip, her mare. Bred at Gainesway Farm, she sold to agent Steven Young. Tapit currently stands at Gainesway. He is the leading 2014 and 2015 sire. This filly was the only Tapit yearling at auction. His other offspring include 12 stakes winners. One of these is Frosted, 4th in this year’s Kentucky Derby and 2nd in the 2015 Belmont Stakes.
Before, I had to rush back to work I made a trip out with a friend to see one of the Taylor Made Sales Agency barns. I Saw some nice horses for the later sale there. #421 Mizzen Moon went on to sell for $57,000 and # 503 Seely Rose brought in $40,000.
I was long gone by the time the “Summer Sale Horses of Racing Age Sale” began. Somewhere around 9 pm, the last horse to go through the auction brought in the biggest money. The victor was #524, Temper Mint Patty, for $350,000. In this sale 65 horse sold for $3,996,000. The average price was $61,477 and the median was $48,000. Last year 109 horses were sold with a superior average but a lesser median.
The next Fasig-Tipton Sale is “The Saratoga Sale” in August. I won’t be able to make the trip to New York so please, share with me if you attend. Our 2015 and 12th Triple Crown winner, American Pharoah, was offered as hip #85 in the 2013 Saratoga Sale. You could buy the next winner or at least take a chance. Happy shopping!
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