Tapit, the sire of my favorite horse, Juba, stole the show, once again, at the Fasig-Tipton Saratoga Selected Yearling Sale. The two day sale ended last evening with 9 Tapit offspring selling. Both his average and median prices beat out the other sire’s yearlings at the sale.
Tapit is a 15 year old super sire. He is a grey horse that has sired many other greys and he is nearly white in appearance. He lives at Gainesway Farm in Lexington, KY. I visited him, at his farm, this past June. Tapit is the son of sire Pulpit and dam Tap Your Heels. Tapit was KY bred at Oldenburg Farms,LLC and owned by Winchell Thoroughbreds, LLC. His trainer was Michael W. Dickinson. Tapit only had 6 starts in his racing career. 2 of his 3 wins were in graded stakes races. He won the Laurel Futurity at Laurel Park and the Wood Memorial Stakes at Aqueduct in 2003 and 2004 respectively. Tapit retired to stud in 2005 and by 2008 his first crop was racing. He immediately shot up to leading freshman sire that year. Tapit was the leading Champion North American sire in 2014 and 2015 and he is leading again in 2016. He holds the highest stud fee in the country at $300,000. He has a slew of successful offspring including Frosted. Frosted won the race I wrote about last week, the Whitney Handicap.
It makes sense, that with the success on the track that Tapit’s offspring have shown it seems everybody wants a Tapit yearling. Fasig-Tipton’s sale on August 8th and 9, 2016 was no different. There were 252 yearlings cataloged in the Saratoga Selected Yearling sale that was held in Saratoga Springs, NY. 11 of those were sired by Tapit. 9 of his yearlings sold with an average price of over $700,000 and a median price of over $600,000. His top seller, hip 140, sold for $1.25 million dollars. Only one horse sold for more in the two day sale. That was Medaglia d’Oro’s, $1.45 million dollar filly, hip 191. Tapit still had Medaglia d’Oro and all the other sires beat with a total of over $6.42 million dollars in sales. Medaglia d’Oro’s yearlings totaled over $3.65 million.
Overall, I wasn’t so pleased in the trend but that may just be a matter of personal opinion. The previous year, the sale sold 156 versus 145 Thoroughbreds. The sale total, despite more horses sold, dropped by more than a million dollars. The average price dropped by more than $30 thousand dollars and the median price dropped by $12.5 thousand dollars. While only 26 horses did not sell in 2015 there were 47 horses that did not get sold this year.
The same auction house will feature the Fasig-Tipton New York Bred Yearling sale on August 13th and 14, 2016. Tapit is a good ol’ Kentucky boy, thus he won’t have any yearlings in this sale. Perhaps that will give my partnership’s entry an advantage on Sunday. However, Tapit is the dam sire of hip 387, a filly by Violence. Violence has 6 yearlings in this sale and I’m expecting those to do very well. I hope the right matches get made and we all get to enjoy some fantastic racehorses in the following years. Check back next week for more info on Thoroughbred action!
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