Fasig-Tipton, the organizer of the event that kicked off the season with a Selective Annual Sale in July, is closing the curtain for the annual auction season with the four-day Kentucky October Individual Sale. , which begins Monday at the company’s Newtown Paddocks. The sale continues through Thursday with sessions starting daily at 10am
The October 2021 sale was a hit, setting new records for totals, averages and medians, and shippers are hoping this year’s release will continue a string of strong results. in this season.
“The market has been very active throughout the year,” said Zach Madden, who will introduce 28 annuals in the first shipment in October as sole owner of Buckland Sales. “[Keeneland] September is crazy. And we had a contest in Saratoga that went very well. I think, with the price of the horse falling and the budget structure increasing, it seems like people are only really after it this year. I got into the business when it was really tough, so I still remember those times, but I think it’s going to keep going and hopefully it will spill over into seed sales and the market. pony. This is also a good time for my first year out. I certainly don’t take that for granted. Hopefully it will continue to hum.”
Hunter Simms of Warrendale Sales agrees with Madden’s assessment of the 2022 market.
“I think it’s going to be a good sell based on what we had in September,” said Simms. “It’s a strong market. There is a great deal of demand for horses throughout from the start of the sale to the end. Fasig-Tipton had a sale in New York last Monday and all signs are positive for those who still want horses. So I think in the end, it will be a good revenue overall. “
The Fasig-Tipton Midlantic Fall Yearlings sale, held amid a multi-day rainstorm earlier in the month, has dropped slightly after a strong renewal in 2021.
Carl McEntee of Ballysax Bloodstock said: “I think September was extremely strong at Keeneland with record sales. “I think the wind has gone out of the sails a bit – I think the Timonium sale is a mid-horse sale, quite frankly, with averages and averages falling. People may not go out of town because they know they have 1600 goji berries right here in Lexington. Maybe they like one or two up there and don’t want to get in the rain for four days and then maybe outbid the one you like because you value it at $75,000 and it brings in $125,000, that’s it. makes no sense to everyone. I think they just said, ‘Listen, the weather’s bad, we’re going to stay in Kentucky.’ But the New York sale they had just now looked very strong again and the averages have gone up. I know everyone is coming to town [for the October sale] and I think it’s going to be a very spirited market. “
During last October’s sale, 1,153 crested birds sold for $52,607,500. The $45,672 average is up 33.9% from 2020 and far exceeds the previous record figure of $37,955 set in 2019. The $25,000 average is up 66.7% from 2020 and better than the previous record of $18,500 set in 2014. With only 205 horses reported to be zero. sold, the repurchase rate was 15.1% – the lowest since 2013.
Simms agreed to the October days of yearning to enter the sales round at a disadvantage.
“I think Fasig worked really hard to change that stigma,” Simms said. “This used to be your last stop. It’s still the same, but it’s like unsold reworks or horses that people consider to have no commercial value, they’ll just put them in October. Now you are seeing horses that have delivered a high of six over the years, and that is the kind that has made this sale a success. “
Recent graduates of the October 2022 sale include Taiba, Goodnight Olive, and Jack Christopher, the 2022 First Place winner. Such results are yet another reason for buyers to add to the sale. October prices on their calendar, according to Madden.
Madden said: “I can remember a time when October was a step-daughter to September. “I think they did a great job in compiling enough horses to make it a stopover for the majority of buyers. It starts with [Fasig president] Boyd [Browning] and the people there are flexible and make entries later. That I think has really driven such a big sale.
“And then their results [on the racetrack] went crazy. We were lucky enough to sell Taiba there two years ago. That horse just needs a moment. For a shipper, if you don’t have a super-precious horse or if there’s a problem that takes time to resolve, it’s a great deal. And everyone working this sales hard. They have localized it on the map and the results continue to be published. Year after year, it’s just horse after horse that you say, ‘That man, that horse is out there, too.’ “
Bloodstock agent Jacob West, on behalf of Mike Repole and Vinnie Viola’s power partnership, made the highest bid in last October’s sale, amounting to $925,000 to get one ‘s pony Street Sense. Donato Lanni is also leading the market for the SF/Starlight/Madaket stallion production partnership. These premium buyers are joined by avid shoppers and end users to make up the traditional October buying bench.
Simms talks about the buy bench. “I know [trainer] Kenny McPeek is a big fan of this sale, Jacob West has been there shopping a lot, St. Elias is shopping and Donato is shopping. You get a lot of people who are constantly at the top of the table still shopping for horses. With purses good and pig prices falling, demand remains, so there aren’t many opportunities to come. Supply and demand will cause those prices to skyrocket. And those people still need horses to complete the year’s shopping. “
In addition to high-end buyers, October also strongly attracted the middle market, according to McEntee.
“It’s been a very active sale over the last two or three years, the big horses in that bring in $700,000 or $800,000, so I think it’s a very reputable sale,” McEntee said. speak. “We often say Timonium is a place to sell training cars because there are so many races around there. In fact, so is the October sale. The trainers are in town, especially with the Breeders’ Cup, everyone is in town. You have trainers from regional markets – Canada or West Coast, East Coast or Ohio, Indiana and Illinois – all of these people are participating. So I think it’s a trainer sale and I think the horses are probably not quite the Keeneland horse of Book 4, but still a good horse, I think there’s a real strong market. for them in October. Obviously, there are some first class horses there too, but the horses in Book 4 are real racehorses, with good x-rays, good scopes, good quality and size, suitable for shooters and racehorse buyers, I think the horses really have a good home in this sale. “
There are 1,594 crested birds cataloged for the 4-day sale in October. Hips 1-398 will go through the ring on the first Monday of the auction and will be followed by hips 399-796 on Tuesday; hip 797-1194 Wednesday; and hip 1195-1594 Thursday.
