Vibrant Trade at Fasig California Sale

by Dan Ross and Jessica Martini 

The third time proved the charm for the Fasig-Tipton California Fall Yearlings Sale, which produced the strongest results in its short three-year history with a session of lively bidding in Pomona Tuesday.

“Today was the most encouraging day we have had in California in a sales environment in the last three years that we've been  involved here,” said Fasig-Tipton President Boyd Browning. “There was a dramatic increase in the average and the median doubled from the sale last year and the RNA rate was down. But more important than that was the energy and the enthusiasm that I think everybody could sense at the sale. We felt pretty good with the pre-sale activity Monday and Tuesday morning. So today was very encouraging from that perspective.”

A total of 164 yearlings sold Tuesday for a gross of $6,672,050. The average was $40,683 and the median was $20,000. The buy-back rate was 24%.

During last year's auction, which was displaced to Los Alamitos due to the pandemic, 166 head sold for $3,735,700 for an average of $22,504 and a median of $10,000. The buy-back rate was 35.2%.

At the inaugural California sale in 2019, 137 yearlings grossed $3,667,800 for an average of $26,772 and a median of $13,000.

Seventeen horses sold Tuesday for $100,000 or more, and two sold for $300,000 or more. Tom Beckerle made the auction's highest bid when going to $350,000 to acquire a filly by American Pharoah.

Only three horses brought six figures with a top price of $200,000 in 2020, while in 2019 six yearlings brought six figures with a top price of $150,000.

“First of all, we all have to keep in mind when comparing 2021 to 2020 results, that 2020 was a COVID year and this area was particularly hard hit,” Browning said of the upswing. “And 2020 was very difficult for most businesses, including Thoroughbred auctions. There was a drop off from 2020 compared to 2019, so I think there was some built-in recovery as we have seen in virtually every sale that there was comparable numbers for in 2021 compared to 2020.

Browning continued, “If you look around, the economy is strong and in racing handle is up, purses are up, there is a positive feeling, for the most part, in the racing  industry throughout the United States and that is certainly a factor. And some breeders answered the call and supported us with higher quality horses this year than they have in the past.”

Another Pharoah for Beckerle

Tom Beckerle, who already has a stakes winner by American Pharoah, purchased another filly by the 2015 Triple Crown winner for a sale-topping $350,000 Tuesday at the Fasig-Tipton California sale. The yearling (hip 196) was bred by Terry Lovingier and was consigned by his Lovacres Ranch. In partnership with Lovingier and Amanda Navarro, Beckerle campaigns Fi Fi Pharoah (American Pharoah), who won the Melair S. in June.

“I have some partners that wanted to get an American Pharoah,” Beckerle said. “We liked her for breeding down the road and Fi Fi Pharoah has already made us a couple hundred thousand dollars. We think this one can do the same thing.

We will see what happens.”

Hip 196 is out of the unraced Ez Indy (A.P. Indy), who is a half-sister to champion Banshee Breeze (Unbridled). The mare, in foal to Animal Kingdom, was purchased by Lovingier for $85,000 at the 2016 Keeneland November sale.

Beckerle, based in Fallbrook, California, purchased three other yearlings from the Lovacres Ranch consignment Tuesday. He acquired a colt by Stay Thirsty (hip 134) for $100,000 and a pair of fillies by the GI Travers S. winner (hip 8 and hip 31) for $50,000 each.

Siegel Strikes Early For Practical Joke Filly

Trainer Brian Koriner, bidding on behalf of Samantha Siegel's Jay Em Ess Stable, got the Fasig-Tipton California sale off to a quick start when purchasing a filly by Practical Joke (hip 10) for $300,000. The yearling was consigned by Barton Thoroughbreds and was bred by Richard Barton Enterprises, which purchased her unraced dam Miss Lavinia (Speightstown) for $4,200 at the 2016 Keeneland November sale.

“She is by Practical Joke and she is out of a Speightstown mare,” Koriner said of the yearling's appeal. “She's bred to be very fast and maybe early and precocious.”

The 14-year-old Miss Lavinia is a daughter of Miss Seffens (Dehere), who is also the dam of GII Breeders' Cup Juvenile Fillies Turf winner More Than Real (More Than Ready). Miss Lavinia is the dam of graded placed Arch Cat (Arch), as well as the dam of multiple Grade I placed Cassies Dreamer (Flatter).

Jay Em Ess Stable was making its first purchase of the yearling sale season, according to Koriner.

“She is very excited,” he said of Siegel. “She hasn't bought any yearlings all year, she waited and she's very excited to get a Cal-bred by Practical Joke.”

Barton Thoroughbreds also had sales success Tuesday with a filly by Palace Malice (hip 79) who sold for $135,000 to Legacy Ranch. The operation purchased her dam, Smiling Cruise, with this foal in utero, for $22,000 at the 2019 Keeneland November sale.

Nyquist Colt a Classic Purchase

Ocala horsewoman Danzel Brendemuehl returned to her California roots to purchase a colt by Nyquist (hip 83) in the name of her Classic Bloodstock as agent for partners Sasulito and Breckenridge Bloodstock in Pomona Tuesday.

“We loved everything about him,” Brendemuehl said. “He's by Nyquist, he's a California-bred and he's a very nice colt. We are probably  going to pinhook him in a Fasig-Tipton sale–probably Miami.”

Brendemuehl did not rule out a return trip to California for the yearling.

“California needs a 2-year-old sale and Boyd Browning is working real hard with Fasig-Tipton to make it happen,” she said. “If it happens, we'll be here with that colt and we'll top the sale.”

Hip 83 is out of Soul Crusader (Fusaichi Pegasus), a daughter of graded winner Michigan Bluff (Skywalker). He was consigned by Woodbridge Farm and was bred by Bud Petrosian who purchased the mare with this foal in utero for $22,000 at last year's Keeneland January sale.

Also Tuesday, Brendemuehl also purchased a colt by Smiling Tiger (hip 44) for $27,000. Coleen Smith's Breckenridge Bloodstock returned later in the session to acquire a filly by City of Light (hip 208) for $170,000.

Slugo Racing Gets in on the Light'

Steve Gasparelli's Slugo Racing added a colt by in-demand young sire City of Light to its roster when acquiring hip 171 for $260,000 Tuesday in Pomona.

“We like the City of Lights,” Gasparelli, who did his bidding alongside trainer Mike Puype, said. “We think he has a lot of potential as a stallion. And I really liked the way this colt looked, very correct. And the mare has dropped winners already. We only came for a couple and he was on our short list.”

The yearling is out of Chicalelee (Cherokee Run) and is a half-brother to stakes-placed Touchdown Brown (Cairo Prince). He was consigned by Bruno DeBerdt's Excel Bloodstock on behalf of his breeder, PT Syndicate #1 LLC.

Square Eddie Colt to Blacker

Three years ago, Dan Blacker was an underbidder on a yearling by Square Eddie out of North Freeway (Jump Start), but the trainer would not be denied for the colt's full-brother, going to $200,000 Tuesday to acquire hip 30.

“I was underbidder on the brother two years ago to Simon Callaghan, so I am kind of glad that he didn't show up today and I got to buy this one,” Blacker said after signing the ticket on behalf of a partnership of owners.

The bay yearling was bred by Thomas Bachman and was consigned by his Fairview LLC. Stakes-winning North Freeway is already the dam of stakes winner and Grade I placed Take the One O One (Acclamation) and the Callaghan-trained stakes winner Square Deal (Square Eddie).

“He looks really solid,” Blacker, who did his bidding alongside Boomer Bloodstock's Craig Rounsefell, said of the yearling. “He looks like a really sound horse that is going to be fun for our partners. And it's a good family, the mare is great and he really looked really solid soundness wise and soundness is so important these days. Hopefully we will get him to the races at Del Mar next summer and go on from there.”

Impressive Return for Christophersons

Neal and Pam Christopherson, owners of Bar-C Racing Stables, enjoyed a quick return on their investment in the mare Joyce and Me (Discreet Cat) Tuesday. The couple purchased the mare, in foal to Stanford, for just $1,000 at the CTBA January sale in 2020. They sent the mare's Stanford filly (hip 230) through the ring in Pomona to sell for $100,000 to Slugo Racing.

“That's a nice return on the investment. I like to gamble on stuff that looks like that,” Neal Christopherson said.

Joyce and Me produced a filly by Stanford this year and was bred back to Harbor the Gold.

Bar C Racing Stables was already coming off a big score in the sales ring this month. As part of a foal-share, the operation sold a filly by Uncle Mo out of Fresia (El Prado {Ire}) (hip 371) for $700,000 at the Keeneland September sale. The Christophersons purchased Fresia for $35,000 at the 2015 Keeneland November sale. She was carrying subsequent multiple stakes winner Galilean (Uncle Mo) at that auction.

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Fasig-Tipton California Sale Tuesday

Bidding returns to the Fairplex Sales Pavilion in Pomona Tuesday for the one-session Fasig-Tipton California Fall Yearlings and Horses of All Ages Sale. The action begins at noon, with 251 catalogued yearlings, and–for the first time–21 weanlings and broodmare/broodmare prospects in a section of horses of all ages.

“The catalogue is very strong,” said Fasig-Tipton's California representative Mike Machowsky. “There are some good-pedigreed horses and some good stallions on top of that, with Kentucky-sired Cal-breds, as well as our local sires.”

Shoppers were out in force on the sales grounds Monday, according to consignor Adrian Gonzalez of Checkmate Thoroughbreds.

“We have been very busy, more than usual I would say, so we are very optimistic that hopefully some of the Keeneland momentum from last week will carry into this week,” Gonzalez said. “There were probably a lot of California connections who didn't get the horses they wanted to get at Keeneland and so now they are kind of forced to shop here if they still need something. I am hoping that's the case.”

The California sale comes just on the heels of Keeneland's marathon yearling sale and has made for long hours between Kentucky and back.

“My crew were literally taking horses to the ring at Keeneland on that last session [Friday] and got on an airplane and got here because we were shipping in horses the next day,” Gonzalez said of the turnaround time between sales. “They have not had a single day off.”

The timing of the auctions may also impact potential buyers.

“So far, it's been mostly trainers,” Gonzalez said of the make-up of shoppers on the grounds. “Very few pinhookers. I think part of the timing of this sale didn't really help us with the Florida guys. I know they were probably super busy at Keeneland and probably just got home to check on whatever they bought. And it's probably hard for them to get back on a plane and leave again. I know there are a few agents here who will probably represent some of the Florida pinhookers. Unfortunately, Eddie Woods and Becky Thomas and those people aren't here and they do usually attend our California sales.”

Checkmate Thoroughbreds will offer nine horses in the horses of all ages sale and Gonzalez said it was a welcome addition to the yearling auction.

“I am hopeful that we can sort of start a new trend here,” Gonzalez said. “It seems like in California all we really have is a mixed sale in January that has sort of turned into a place to sell your lesser quality stock that you don't want to carry on another year with. We don't really have another avenue to sell anything we are really excited about it. Fasig was game and gave us this opportunity to put some stuff that we did like into the sale and get a crack at it and just see if there is a market. I believe there is. It seems like right now one of my weanlings is probably my most popular horse in the barn, even more popular than a lot of my yearlings. I hope that translates into bidding activity, but certainly, in terms of looks, we are getting a lot of traffic on the weanlings.”

Fasig-Tipton had its first sale in California in 2019 and has struggled to gain traction in the market due to circumstances well beyond its control. Before its first 2-year-olds in training sale, it came up against safety concerns at Santa Anita and then last year it was forced to juggle its schedule in the face of the global pandemic.

Gonzalez thinks the strength of the catalogue for Tuesday's auction might help the company gain momentum going into next year's 2-year-old sale.

“I think that the catalogue is quite deep, probably deeper than any yearling catalogue I can remember for a long, long time,” Gonzalez said. “The breeders are showing up with their good stock and are offering them up for sale. For a number of years, the purses were high enough and the sales were low enough, that if anybody had something good, they didn't really want to sell it. I think now, if you bring a good one to the sale, you can get good value for it. I think that has turned into a stronger catalogue and any time there is a stronger catalogue, it forces the buyers to come out and see what's here. Hopefully this will turn the tide for Fasig out here and we can have a strong sale.”

Local connections will have plenty of incentive to buy Tuesday, according to Machowsky.

“I trained for 30 years out here, so I know how important it is to have Cal-breds in your barn to win races and create a good racing stable for yourself,” Machowsky said. “And if you want to have a nice Cal-bred, the yearling sales are where you need to buy. If you race in California and you want to race Cal-breds, you need to be here and shopping. A lot of the better Cal-breds that are going to be running next year are here on the grounds.”

Last year's California Fall Yearlings sale, held at Los Alamitos Race Course due to the pandemic, was topped by a $200,000 son of Stay Thirsty, one of three offerings to reach six figures. In all, 166 yearlings sold for $3,735,700 for an average of $22,504 and a median of $10,000.

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Grade 1 Winner Valiance Retired, To Be Offered At Fasig-Tipton November Sale

Valiance, a Grade 1 winning daughter of multiple leading sire Tapit, has been retired from racing and will be offered at Fasig-Tipton's upcoming November Sale on Nov. 9 in Lexington, Ky. Bluewater Sales will consign the 5-year-old mare for owners Eclipse Thoroughbred Partners, Martin S. Schwartz, and CHC Inc.

Valiance took last year's Grade 1 Spinster Stakes in tremendous style, defeating a top-class field that included two other Grade 1 winners.  She followed up that victory with a game second in the Breeders' Cup Distaff to multiple champion Monomoy Girl, finishing ahead of another four Grade 1 winners.

In addition to being a Grade 1 winner on dirt, Valiance won her first three career starts on turf, including Monmouth's Open Mind Stakes as a 3-year-old. Trained throughout her career by Hall of Famer Todd Pletcher, she has career earnings of $809,575.

“Valiance is a top-class race mare and a terrific individual,” commented Pletcher.  “She's always been a true professional to train in the morning and was so versatile on the racetrack in the afternoon.  She's a good one.”

A $650,000 Fasig-Tipton Saratoga Selected Yearling, Valiance carries an elite pedigree to complement her outstanding race record and conformation.  Her first dam Last Full Measure, by Empire Maker, captured the  G1 Madison Stakes. Her second dam, Lazy Slusan, is a multiple Grade 1 winning distaffer and millionaire.

“Valiance was a stunning yearling with a royal pedigree and she followed through on the racetrack,” said Aron Wellman, President of Eclipse Thoroughbred Partners. “She trained with brilliance, ran with brilliance on turf and dirt at the highest level and provided our partners with huge thrills. She's a rare filly who had impeccable breeding, gorgeous looks, immeasurable talent and that intangible killer instinct to win her races.  She is an elite mare who offers the complete package and she is cut out to be an exceptional broodmare.”

Added Fasig-Tipton President Boyd Browning: “Valiance is a rare commodity- she's a Grade 1 winner, her dam is a Grade 1 winner, and her granddam is a Grade 1 winner! In addition, she's by Tapit and a beautiful individual.  Her potential as a broodmare is unlimited.”

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Catalog For Fasig-Tipton Saratoga Fall Sale Now Online

Fasig-Tipton has cataloged 284 entries for The Saratoga Fall Sale, the company's New York breeding stock sale, to be held on Monday, Oct. 18 in Saratoga Springs, N.Y.  The sale will be held in the Humphrey S. Finney Pavilion and begin at 10 a.m.

“After being forced to cancel last year's sale due to the pandemic, Saratoga Fall returns with a larger catalog than 2019,” said Fasig-Tipton president Boyd Browning.

“We will begin the sale with nearly 90 broodmares and racing/broodmare prospects – an increase in quality and quantity for that segment of the sale,” continued Browning.  “We will then transition into a strong group of nearly 200 weanlings– the vast majority of which were foaled in New York.”

The catalog may now be viewed online and will also be available via the equineline sales catalogue app. Print catalogs will be available next week.

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