Rational Trade on the opening day of the FT Winter Mixed Sale
The Fasig-Tipton Kentucky Winter Mixed Sale takes place on February 6 under pleasant sunny skies; More mild temperatures are a welcome start at the Newtown Paddocks. At the end of Monday’s sale, Munnings mare, Munny Spunt The bidding went wild, with owner Judy Pryor signing a final bid of $340,000 to add the mare to her Nebraska operation.
“Today is a steady session. The quality and competition of the portfolio can always change from year to year. I think we live in a stable world and a relative market. consistent with what we saw in the market last November,” said Fasig-Tipton President and CEO Boyd Browning Jr.
9 year old mare (Hip 293) sold as pony to Triple Crown winner justification on the March cover from the Hunter Valley Ranch shipment. As the winner of Torrey Pines Stakes (G3) in 2017, she has three ponies, one of which is bread winner a 3-year-old runner do candy ride . She has a longing pony by her side Real and a 2 year old girl Mendelssohn called the Midsummer March went on sale last year during Fasig-Tipton’s The Saratoga sale to Kenny McPeek, agent of the Purebred Walking L, for $425,000.
“She was perfectly smooth and fit for breeding purposes,” Pryor said. “She’s got a great move, and she’s Justify’s pony, and I want to go home to the famous pony.”
LR: Judy Pryor, Martha Jane Mulholland, and blood supply agent Lexis Hennings
Pryor Farm is home to a stallion that has won 5th place five times Court vision and class 2 winner Huge Expectations . Pryor’s hope with her new stallions, purchased in January 2021, is to help restore the Nebraska racing scene, which has seen casino gambling legal. at six licensed racecourses by November 2021.
When asked if a sale was part of Monday’s plans, Pryor exclaimed: “I don’t know what to expect. I’m going to buy that damn horse!”
Pryor hopes to see her future racing trophies from the resulting Justify pony, which could be her first pony as an owner to give her the Dream about the Kentucky Derby. Her previous successes in the equine world were with the Precious Horse champion, but she has a connection to Thoroughbred racing through her aunt Marilyn and uncle Merle Heldt, trainers on Oaklawn Park And grassland steppe circuit, and their son Derron Heldt, current vice president of racing at Prairie Meadows.
Justify was the male singer with the top cover on Day One with a total of $340,000.
Fergus Galvin of Hunter Valley Farm added: “We knew she was probably one of the standout people of the day and the winner of the Munnings graded bets, and being the pony’s pony. The right breed helped a lot. That exceeded our expectations.”
Bill and Corinne Heiligbbrodt ended Day 1 as top buyers with a total of $580,000 spent on three purchases, double the first amount of bubala (Hip 61) and her listen ponies (Hip 62) and flying above angels (Hip 159), for $130,000. Bluewater Sales consignment malice palace ponies to Yaupon .
Bubala is consigned as Hip 61 at the Fasig-Tipton Kentucky Winter Mixed Sale
The first sale saw 182 of the 228 horses sold through the ring for a total of $5,524,300 (down 16.3% year-on-year), with an average price of $30,353 ( down 8.9%) and an average of $10,500 (down 27.6%). Forty-seven horses failed to meet their reserves, representing an RNA ratio of 20.5%.
“It may not be as strong as people would like, but it’s a sign and trend that we’ve seen over the years,” Browning said. “I think, overall, we’ve seen the continuation of the market that we’ve seen throughout 2022. That market is healthy, rational and not flamboyant. But you know better. what you’re offering and how the market will see that horse and put your reserve and try to understand pricing.”
During last year’s opening session, 198 horses changed hands with 236 at auction for a total of $6,598,800. Match the median price of $33,327 and the median of $14,500. Thirty-eight horses failed to reach their reserves, representing an RNA ratio of 16.1%.
Six horses sold for $200,000 or more to five separate entities. The top 10 horses were sold to eight separate buyers.
“I think there’s a lot of fair trade going on for short-lived varieties,” Browning said. There is a lot of testing and testing for varieties that are supposed to be of higher quality.” “Prospect mares and mares that you turn the corner of the page when you look through the catalog have sold very well, and there are some horses that the market is extremely critical of.”
Bowling Bloodstock’s Matt Bowling and Vinery Sales co-owner says he’s seen a solid trading day after buying Expensive hits (Hip 202) for $230,000, the fourth highest price on Monday.
“Pretty good. Everyone here. I’m a shipper too, and we’re getting a ton of views. If you bring the right thing, they’ll pay you fair value for it, but if you If you have some dings, need pedigree or a bad production record, it’s definitely a deserted place. But the right horses will bring the right amount.”
Conrad Bandoroff, vice president of Denali Stud, said: “I feel like we put the actual reserve and sometimes find it flawed, but that’s the way it is in this sale. “Buy benches can be selective and this is early in the year, there’s no real sense of urgency and buyers focus on products with perceived quality. It’s more difficult if you have a product that doesn’t. meet those criteria.”
Day one, top shipper Stuart Morris saw seven horses change hands for a total of $627,500, with an average of $89,643.
Browning noted: “I think we might have a slightly stronger portfolio tomorrow than we did today; that’s just the way it declines with the additions that come with it.”
The second sale on February 7th begins at 10 a.m. ET with Hips 301-465 as part of the main catalog and Hips 466-594 from the additional catalog. As of Monday night, 49 horses had been withdrawn from Tuesday’s session.