The Breeding Stock Sale was introduced by Fasig-Tipton on June 15, less than a month before the auction was to take place on July 12. The initial announcement centered around the Far From Over/Fountain of Youth Dispersal, but it invited other sellers to enter the catalog with their mares and foals to take advantage of the tentpole liquidation.

Summer broodmare sales are uncommon on the U.S. landscape, save for an urgent dispersal here and there, meaning the July Breeding Stock Sale would be an untested marketplace in a business that clings harder to the sure things each passing year. Entering the sale would be a leap of faith, with the hopes that buyers would be there to catch the horses on the other side.

How successful that leap was depended on who one asked around the sales grounds on Monday afternoon, but the general ethos in the new offering didn't change from what one might see in any other sale.

“It seems like if you have something of quality, in foal to a quality horse, they're going to buy them, and I don't think it matters if it's now or November,” said Gainesway's Brian Graves.

Gainesway handled the breeding stock session's highest-priced offering, Jeweled Princess, a Cairo Prince mare who sold in foal to Horse of the Year Gun Runner to Stoneriggs Farm for $225,000.

Graves said the mare's owner contacted him about her potential chances in the new sale when it was announced, and they agreed she could do well in the venue, which was a common refrain among several consignors when it came to recruiting prospects for the auction, even on relatively short notice.

“When Fasig announced that they were going to have that dispersal, and they were opening up, the phone really started ringing for us,” said Mark Taylor of Taylor Made Sales Agency. “It wasn't a lot of arm-twisting, it was really more people calling and saying, 'I really hadn't thought about it, but I've got this mare I'd like to turn into some cash; I'm going into the yearling market, or whatever, and I just would rather get the money now, as opposed to pay bills and wait until November.'”

Consignors said the opportunity for mid-season liquidity on the open market was one of the sale's biggest selling points their clients discussed when considering a mare for the sale.

“Generally speaking, we did reach out, but didn't get a great reception,” said Derek MacKenzie of Vinery Sales. “Most of the ones we got, the people called us – partnership dispersal type stuff. Most people thought it was better to wait until fall.”

MacKenzie said the market showed up for his mare in foal to Omaha Beach, who is likely to be an early leader among commercial sires when his first foals hit the sales ring later this year. However, there was not as much depth as he'd hoped for horses below that level, and having a foal on the ground next to the mare was not necessarily the selling point one might assume it would be.

The buyer ranks made it clear that young mares were a priority on Monday. Of the six horses to sell for six-figure prices, only one had more than two foals on her produce record.

“I probably would have missed the market a little bit,” said Fasig-Tipton president Boyd Browning. “I was really surprised with how well some of the in-foal mares and broodmare prospects sold that weren't part of the dispersal. I was a little surprised that some of the mares with foals at their side didn't bring a little more money, but it's making a significant commitment to buy a mare that might have five or six foals on the ground. We've seen that be an area of weakness in the marketplace, whether it's in November, January, or February, and it's still there.”

However, that's not to say having a mare with a foal at her side made her an instant disqualifier in the July marketplace. Taylor said that the sale's placement on the calendar, before the foals are weaned from their mothers, has the potential to open up a more diverse group of buyers in time.

“We're pretty new into this, but I definitely thinks it was a plus,” he said. “It gets weanling pinhookers basically bidding on mares. Then, it gets mare buyers bidding also, so it just opens it up. A mare we sold for $40,000, the baby by her side was a Big Brown, but it was a New York-bred, and a really good foal. She's in foal to Maclean's Music, and I think a lot of people said, 'Man, if she can have a Maclean's Music that looks like that Big Brown, I'm rolling.'”

So much of selling a Thoroughbred comes down to getting the horse to look their best when they arrive at the sales grounds, and for those who might be looking to sell a young horse as a weanling in the fall, Taylor said moving ahead in the calendar to July might help a few horses be at their most marketable.

“When you're selling foals in the fall that have been weaned, it eliminates at least half of the foals from being good candidates, because the weaning process makes them go into a crash,” he said. “They get a weaning crash, where they lose weight, they lose their topline, they don't look as good as they did before, so this allows you to sell a foal that looks in good shape – still got that milk fat, looks good – but when you pull them off the mare, a lot of them just go really downhill, and you can't get them back to where they should be by November. This is just a whole new way to do commerce surrounding foals.

“A lot of times, you go look at all these babies before they're weaned, and I'll be giving a lot of high grades,” Taylor continued, “but then you go back and look at them in October when they've all just been weaned for a few months, all my grades go down, because they're pot-bellied, they've got no top line, they look like little guppies.”

From the group of six horses that sold for $100,000 or more on Monday from the breeding stock session, five of them came from outside the tentpole dispersal, proving there was buyer interest beyond the headline act.

There likely won't be a dispersal to serve as the foundation of future July Breeding Stock Sale catalogs, should it become an annual part of Fasig-Tipton's calendar, but solid returns among the sellers who took the chance in the new market could help fill catalogs in the future.

“The people that brought them thought there was an opportunity, and I agree with them,” said Pat Costello of consignor Paramount Sales. “I think it was a success.”

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“I don't think there were any surprises today,” Fasig-Tipton president Boyd Browning said of the July Selected Horses of Racing Age sale. “It was a very active market with very competitive bidding throughout the day. [It had a] really vibrant feel to it.”

Front Run the Fed (Hip 647), a 5-year-old stakes winning son of Fed Biz, topped the sale when sold for $440,000 to George Sharp (video).

“I got tired of being outbid, and decided I was going to go to half a million on this one, because I want to go to the Breeders' Cup this year,” Sharp said. “I've got some nice 2-year-old fillies that I think I'll get there with, but this one is hopefully certainly going to get me there.

“We might race him once in Del Mar, almost certainly Kentucky Downs, and then the Breeders' Cup,” he continued.

ELiTE, agent consigned the five-year-old son of Fed Biz, who is a multiple graded stakes placed stakes winner with earnings of $392,150 to date. Front Run the Fed's current record stands at 4-4-2 in 13 career starts, including a win in the Better Talk Now Stakes at three and placings in the 2020 Grade 3 Runhappy Turf Sprint Stakes and 2021 G3 Poker Stakes behind Grade 1 winners Oleksandra (AUS) and Raging Bull (FR).

Recent Iowa Derby winner Stilleto Boy (Hip 557)  was the second-highest priced offering of the day, selling for $420,000 to Steve Moger (video).

Paramount Sales, agent consigned the 3-year-old Shackleford gelding, who has earned $249,675. Stilleto Boy has been in the money in all of his seven career starts, with a record of 2-2-2. Stilleto Boy is a half-brother to eight other winners out of 100-percent winner-producer Rosie's Ransom, including stakes winner Rosie My Rosie (Purge).

The top-priced filly was Josie (Hip 501) who got the sale off to a spectacular start when sold for $300,000 to KatieRich Farms as the first horse through the ring (video).

ELiTE, agent consigned the 4-year-old Race Day filly, who won the Iowa Distaff Stakes at Prairie Meadows on July 3 to increase earnings to $266,867. Josie has a record of 4-4-2 in 14 career starts, and is having a an excellent 2021, with three wins in four starts to date. Josie is one of seven winners out of the stakes winning Awesome Again mare Spirited Away, who has also produced Grade 2 winner/multiple graded stakes winner Prospective (Malibu Moon) and Malibu Cove (Malibu Moon), dam of Grade 2 winner/Grade 1 placed Kalypso.

In total, 79 horses of racing age sold for $5,905,500, up 16.4 percent from when 81 horses sold for $5,072,000 last year. The average rose 19.4 percent to $74,753 from $62,617 in 2020, while the median rose 66.7 percent to $50,000 from $30,000 last year. Fifteen horses sold for $100,000 or more, compared to 11 in 2020. The RNA rate fell to 24.8 percent. Full results are available online.

Jeweled Princess tops inaugural July Breeding Stock sale

Hip 448, Jeweled Princess, brought $225,000 at the 2021 Fasig-Tipton July Breeding Stock Sale.

Jeweled Princess (Hip 448), a stakes winning daughter of Cairo Prince, topped the July Breeding Stock sale when sold for $225,000 to Stoneriggs Farm (video).

Gainesway consigned the 4-year-old filly, who was offered carrying her first foal, by Horse of the Year and current leading first-crop sire Gun Runner. Jeweled Princess is out of a Scat Daddy half-sister to current stakes winner Miss Brazil, from the immediate family of Horse of the Year Military Attack, two-time champion Gladiatorus, and Grade/Group 1 winners Al Bahathri, Haafhd, The Hangman.

Colonial Creed (Hip 434), a multiple graded stakes placed daughter of Jimmy Creed, took the top broodmare prospect spot when sold for $175,000 to Andre Lynch, agent. South Point Sales Agency consigned the 5-year-old mare, who is a twice graded stakes placed winner who earned $223,881. Colonial Creed is half-sister to multiple graded stakes placed stakes winner Mo d'Amour (Uncle Mo), from the immediate family of Breeders' Cup Juvenile Turf victor Line of Duty (IRE).

The most expensive broodmare with a foal-at-foot was multiple stakes winner Too Much Prada (Hip 421), who sold for $150,000 to The Elkstone Group with her 2021 Violence filly. Stuart Morris, agent for Far From Over/Fountain of Youth Dispersal consigned the 8-year-old Too Much Bling mare, who is a full sister to stakes winner Prada's Bling. Too Much Prada has a 2-year-old filly by Violence, which has not started, and a yearling colt by Violence. Her 2021 Violence filly was bred in Kentucky by BTSK Breeding and Racing.

“In the grand scheme of things, it was encouraging,” Browning said of the inaugural July Breeding Stock sale, which was a late addition to the sales calendar. “People (sellers) that tried it with an open mind were pretty well rewarded.”

During the breeding stock session, 44 fillies and mares changed hands for $2,012,000, good for an average of $45,727 and a median of $31,000. The RNA rate was 13.7 percent. Full results are available online.

Selling resumes tomorrow at 10 a.m. with the return of The July Sale.

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The latest issue of the PR Back Ring is now online, ahead of the Fasig-Tipton July Horse of Racing Age and Breeding Stock Sale.

The PR Back Ring is the Paulick Report's new bloodstock newsletter, released ahead of every major North American Thoroughbred auction. Seeking to expand beyond the usual pdf presentation, the Back Ring offers a dynamic experience for bloodstock content, heavy on visual elements and statistics to appeal to readers on all platforms, especially mobile devices.

Here is what's inside this issue…

CLICK HERE TO READ THIS EDITION OF THE PR BACK RING

• Lead Feature: A year after North America's auction houses rolled out online bidding in response to the COVID-19 pandemic, bloodstock editor Joe Nevills takes a comprehensive look back at what worked, what didn't, and where we go from here with the various methods of buying Thoroughbreds on the web.
• Stallion Spotlight: Helen Barbazon of Pleasant Acres Stallions on multiple Grade 1-placed Neolithic, a freshman sire in Florida.
• Lesson Horses Presented By John Deere Equine Discount Program: Consignor Cary Frommer shares what the seven-figure juvenile Inca Chief taught her about how a community can support a horse at the end of his racing career.
• Pennsylvania Leaderboard Presented By Pennsylvania Horse Breeders Association: Veteran campaigner Wait For It regains the top spot among incentive earners in the lucrative Pennsylvania program through the end of May.
• First-Crop Sire Watch: Stallions whose first crops of yearlings are represented in the Fasig-Tipton July sale, including the number of horses cataloged and the farm where the stallion is currently advertised.

CLICK HERE TO READ THIS EDITION OF THE PR BACK RING

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July Selected Horses of Racing Age

The latest entries are catalogued as hips 664-673, which may now be viewed online.  They include:

• Assertive Style (Hip 665): Three-year-old daughter of Nyquist won an allowance race at Indiana Grand on June 30 by more than five lengths. Consigned by James B. Keogh (Grovendale), agent for Machmer Hall.
• Cibollian (Hip 667): Four-year-old colt won an allowance race at Churchill Downs in his most recent start on June 18. From the family of G1 winners Wicked Whisper and Point of Honor, he is consigned by Buck Pond Farm, agent.
• Kisses So Sweet (Hip 668): Indiana-bred 2-year-old daughter of Klimt won a maiden special weight at Indiana Grand by 3 1/2 lengths on July 6. Consigned by John Ennis Training, agent.
• Vodka N Water (Hip 673): Two-year-old colt finished second in his most recent start, the Grade 3 Bashford Manor Stakes, at Churchill Downs on June 26. He also finished second in Kentucky Juvenile Stakes at Churchill on April 28. Consigned by Taylor Made Sales Agency, agent.

July Breeding Stock

Newest entries are catalogued as hips 452 and 453, and may now be viewed online:

• Catharsis (Hip 452): Young stakes placed daughter of Kantharos, carrying her first foal by Violence. Consigned by Taylor Made Sales Agency, agent for Town & Country Horse Farms LLC.
• She Takes Flight (Hip 453): Three-year-old daughter of leading broodmare sire Bernardini, from the family of Champion Soaring Free. Offered as a broodmare prospect by Paramount Sales, agent.

The July Breeding Stock and July Selected Horses of Racing Age sales will take place on Monday, July 12, at Fasig-Tipton's Newtown Paddocks facility in Lexington, Ky. The July Breeding Stock portion will begin at 2 p.m., and July Selected Horses of Racing Age session will begin immediately after the Breeding Stock auction has concluded.

On the following day – Tuesday, July 13 – Fasig-Tipton will conduct The July Sale of Selected Yearlings beginning at 10 a.m.

Online bidding and phone bidding will be available for all sales.

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Both auctions will be held on Monday, July 12 in Lexington, Ky., and precede Fasig-Tipton's July Sale of selected yearlings to be conducted the following day on Tuesday, July 13.

The July 12 sale day will begin with July Breeding Stock at 2 p.m., which includes the Far From Over/Fountain of Youth dispersal. The catalog currently features 51 initial entries and is comprised of broodmares – many of which will be sold alongside their 2021 foals at foot – and broodmare prospects.  Covering sires represented are Catalina Cruiser, Catholic Boy, Connect, Country House, Dialed In, Echo Town, Far From Over, Goldencents, Gun Runner, higher Power, Honor Code, Lord Nelson, Maclean's Music, Midnight Storm, Mshawish, Mucho Macho Man, Omaha Beach, Sky Mesa, Tom's d'Etat, Vekoma, Vino Rosso, and Violence.

The catalog may be viewed here.

Once the July Breeding Stock sale has concluded, Fasig-Tipton will then immediately begin the July Selected Horses of Racing Age sale. The nation's leading source of horses of racing age, Fasig-Tipton has cataloged 163 initial entries for this year's sale.

Since first established in 2013, the auction has produced nearly 100 stakes wins, 27 percent stakes horses, and more than $51 million in earnings by its graduates. This year's catalog cover features the sale's most recent graded stakes winners in Fast Boat, winner of the 2021 Grade 2 Twin Spires Turf Sprint, and Fearless, winner of the 2021 G2 Gulfstream Park Mile Stakes. Also featured are 2020 graded stakes winners Biddy Duke, Cool Arrow, and Cross Border.

Entries may now be viewed via the sale's user-friendly enhanced online catalog, which offers pedigrees, race replays, statistical links, Ragozin “sheet” numbers, and continuously updated Daily Racing Form and Thoroughmanager past performances.

Prospective buyers may also sign up for email alerts by clicking here, or by texting FASIGHORA to 22828 to receive pedigree and race-record updates, as well as notifications of new sale entries.

“We are very excited with how these initial catalogs have come together for July Breeding Stock and Selected Horses of Racing Age,” said Fasig-Tipton president Boyd Browning. “With these two auctions on July 12, followed by the July Sale of Selected Yearlings on July 13, we're offering buyers in every segment of the market a bonanza of mid-summer opportunities.”

The July Breeding Stock and Selected Horses of Racing Age catalogs will also be available via the equineline sales catalogue app. Print catalogs will be available on the sales grounds by July 9.

Fasig-Tipton will continue to accept approved entries for both the July Breeding Stock and July Selected Horses of Racing Age sales up until sale time.

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The company will offer 18 mares as part of the Far From Over/Fountain of Youth Dispersal, with consignor Stuart Morris acting as agent for the dispersal.

The group of mares are property of a partnership supporting young stallion Far From Over. The graded stakes-winning son of Blame, out of Alchemist, had been standing at stud in California before suffering a pelvis injury early in this year's breeding season that took him out of service for 2021. The remainder of the mares that were not bred to him were then shipped back to Kentucky and bred to Kentucky stallions, and due to the circumstances, the partnership has opted to disperse all its of holdings.

All mares offered are in foal to Connect, Far From Over, or Violence. They will be sold with their 2021 foals at their sides, which are by Catalina Cruiser, Enticed, Good Magic, Honor Code, Laoban, Oscar Performance, Violence, and Yoshida. All foals were born in Kentucky or California.

With the addition of this dispersal, Fasig-Tipton will now accept additional approved broodmares and broodmare prospects. The dispersal and additional breeding stock entries will be offered in a separate session and catalog – named July Breeding Stock – prior to the start of the July Selected Horses of Racing Age Sale on Monday, July 12.

Fasig-Tipton will accept breeding stock entries over the next few weeks. The catalog will go online and in the equineline sales catalogue app on July 1. Print catalogs will be available on-site at Fasig-Tipton at sale time.

“This dispersal offers buyers a quality group of mares, with well-bred foals at foot,” said Fasig-Tipton President Boyd Browning. “It also allows us to open up broodmare and broodmare prospect entries to other prospective sellers that may prefer to sell now, instead of waiting for the fall breeding stock sales. It creates a unique mid-summer buying opportunity for breeders.”

Browning continued: “We have considered adding a breeding stock element to July for many years, and this year's session will be a good barometer to see if there is viable market for broodmares in July going forward.”

The mares and foals will sell on Monday, July 12, prior to the start of the July Selected Horses of Racing Age Sale which will also be conducted that day.  The next day, on Tuesday, July 13, Fasig-Tipton will conduct The July Sale of Selected Yearlings.

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