Midlantic May Two-Year-Olds in Training Sale Catalogue Online

Fasig-Tipton has catalogued 556 entries for its upcoming Midlantic May Two-Year-Olds in Training sale, to be held on Monday and Tuesday, May 20-21, at the Maryland State Fairgrounds in Timonium, Maryland.

“We have a phenomenal catalogue this year–quality sire power and strong individuals,” said Midlantic Sales Director Paget Bennett. “Consignors are increasingly pointing many of their best prospects to this sale from the start of their training, and the lengthy list of high-profile sale graduates over the last year make Midlantic May a must shop sale.”

The under-tack show will be held over three sessions, on Tuesday, Wednesday, and Thursday, May 14-16.  Each under tack show session will begin at 8 am. The May 18 GI Preakness S. will precede the sale on May 20 and 21. Each sale session will begin at 11 am.

The catalogue may now be viewed online and will also be available via the equineline sales catalogue app. Print catalogues will be available beginning Apr. 22.

The list of top recent graduates is headlined by Mage, winner of the 2023 GI Kentucky Derby and earner of more than $2.5 million. Mage, whose victory in the Kentucky Derby is pictured on the catalogue's front cover, is the twenty-first Fasig-Tipton graduate to capture the American classic.

Fasig-Tipton will also offer a supplemental catalogue and is now accepting entries.

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Fasig-Tipton Midlantic Closes Out 2023 with December Mixed Sale

The Fasig-Tipton Midlantic 2023 sales season concludes with the December Mixed Sale which begins Tuesday morning at 11 a.m. at the Maryland State Fairgrounds in Timonium. The one-session auction opens with an offering of 156 catalogued broodmares and broodmare prospects, weanlings and yearlings, and continues with 60 catalogued horses of racing age.

“Every time I turn around, there are more people coming in,” Fasig-Tipton Midlantic Sales Director Paget Bennett said from the sales grounds Monday. “So that's a good thing. There is a good product here, good Maryland-breds and good New York-breds, so something for everyone. It's a small catalogue, but we hope that a lot of the people who have come and supported us in the past and have shopped this sale and always found useful horses are here again.”

The racehorse section produced the four six-figure offerings of last year's December Mixed sale with the $260,000 sale topper Radical Right (First Samurai) heading west to be graded-stakes placed early in 2023.

This year's racing age offerings will likely appeal to a wide swath of buyers, according to Bennett.

“Some of the horses here are turf horses, so perhaps these are horses that people can pick up and take them south for the winter and keep going with them,” she said. “There will be some that probably find new spots that will run regionally here, but there were quite a few last year who came out of this sale and went right to Gulfstream. Or they can go to Turfway. I've already seen a few steeplechase trainers walking the grounds. There are horses that could fit their criteria and they can get them ready to start over jumps in the spring. This is the perfect time to pick up these kinds of horses to make into jumpers.”

The December mixed sale closes out another strong year of auctions in Timonium, led by the flagship Midlantic May Sale of 2-Year-Olds in Training.

“There are a lot of runners that come out of this marketplace,” Bennett said. “It's a source for good horses, whether they are going on to a 2-year-old sale or to end-users. We hold our own.”

The Fasig-Tipton Midlantic June Sale of 2-Year-Olds in Training made its debut in Timonium in 2023 and it's an auction that Bennett hopes will mature into its spot on the calendar going forward.

“The June sale is very much needed for horses who, for whatever reason, need more time,” Bennett said. “We are hoping people will support us and bring horses back to the June sale. We understand it is hard to come up the road twice, but I think there is good reason to come back for the June sale. There is such a demand for horses in this racing region up here–Presque Isle, Penn National, Parx, Delaware, Colonial. There are so many places that have racing and people need horse to fill their stables to send strings to different spots. I think the June sale would be a perfect source for folks. I think consignors need to keep that in mind and think about that as an option when it comes time to marketing their 2-year-olds.”

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Fasig Regional Tour Makes Stop in Maryland

Fresh off the heels of a solid yearling sale in California, and with an upcoming stop in New York in a couple weeks, the team at Fasig-Tipton shifts its focus this week to Maryland, where it will hold its two-day Midlantic Fall Yearlings sale in Timonium Monday and Tuesday.

Monday's session will begin at 3:00 p.m. ET and features a catalogue of 124 head. The remainder of the 412-horse catalogue will be offered on Tuesday beginning at 11:00 a.m.

Last year's catalogue was somewhat larger at 526, grossing $10,266,400 at an average of $26,597 (down 10.1% from $29,578 in 2021) and median of $15,000 (down 25% year-over-year from $20,000). The 2022 buyback rate was a relatively low 17% and in line with what it was 12 months earlier.

“Everyone has choices as to where they want to market their yearlings, so that certainly plays into it,” Fasig's Midlantic Sales Director Paget Bennett said when asked about the smaller catalogue. “We do have a supplement of 20 horses. I think a lot of horses got sold as weanlings and a lot of the end users bought weanlings to race.”

She continued, “A lot of the programs [are strong]–Virginia has become really popular–and some people probably have some uncertainties with the market. If they know that the market is very strong at the top, some might feel that they aren't in that top percentile, and they have the ability to take them to the races, a lot of them are choosing to do that instead.”

The 2022 sale topper was a $320,000 Maryland-bred Uncle Mo filly (hip 158) purchased by Legion Bloodstock, agent from the consignment of Scott Mallory, agent for Matt Dorman's Determined Stud. The same buyers and sellers were also responsible for one of the co-second-toppers at $200,000.

Maryland and Pennsylvania-breds by popular Kentucky stallions dominated the top of the market last year, and this year's catalogue features plenty of sire power as well, with the likes of highly coveted established sires such as Good Magic, Gun Runner, Munnings, Nyquist and Twirling Candy represented; youngsters by each of the top seven 2023 freshman sires on offer; and yearlings from the first crops of many of the most popular first-season stallions, including one by that group's decided standout, Authentic, available.

“We have a lot of popular sires that people are looking for to either take to the races or pinhook,” Bennett said. “I think we have the sires, and from what I'm hearing from a lot of people, we have good physicals. Some people have said, 'This is a stronger consignment for me this year than it was last year,' and last year they had a good, strong consignment. So, we're hopeful that buyers will perceive these offerings the same way and, hopefully, come Monday and Tuesday, we'll have some good competition.”

Bennett also noted that there have been plenty of significant updates to the catalogue.

The seemingly ever-present phenomenon of market polarization will presumably remain relevant in Maryland, but Bennett notes that one strength of the Midlantic market is its diversity

“I don't think there's going to be anything different this year than from years past,” she said. “We're just fortunate that our marketplace can feed to so many different racing jurisdictions and avenues. We have lots of people who come to buy horses to pinhook to the 2-year-old sales next year–a lot come to Maryland to bring horses back to the May sale, which has been very popular and works well–and they've had a lot of successes that way. We also have horses who might work better for folks who run in the different [nearby] areas, be it Pennsylvania, New York; smaller outfits taking shots. Some of the horses might not be in some peoples' minds as commercially appealing, but that's not to say those horses can't run as well as a high-dollar one. You just really never know what's going to happen.”

With past sale graduates like 2022 GI Spinaway S. winner and GI Breeders' Cup Juvenile Fillies runner-up Leave No Trace (Outwork), purchased the prior year for just $40,000, there figure to be plenty of buyers from throughout the Midlantic region and beyond taking their shots Monday and Tuesday.

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Fasig-Tipton Midlantic Fall Catalogue Online

A total of 392 yearlings have been catalogued for the upcoming Fasig-Tipton Midlantic Fall Yearlings Sale to be held at the Maryland State Fairgrounds in Timonium Oct. 2 and 3. Hips 1-124 will be offered during the Monday session, which will begin at 3 p.m. and hips 125 through 392 will be offered during the Tuesday session, which will begin at 11 a.m.

“This year's catalogue features nearly 400 yearlings representing a wide variety of national and regional sires and state-bred programs,” said Midlantic Director of Sales Paget Bennett. “Each year, the Midlantic Fall Yearling sale attracts new buyers based on recent graduate successes, which includes GI Spinaway S. winner Leave No Trace among more than 200 stakes wins and placings in 2022 and 2023. This is a sale not to be missed.”

The catalogue can be viewed online here and will also be available via the equineline sales catalogue app. Print catalogues will be available by Sept. 5.

 

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