The opening session of the Fasig-Tipton New York-Bred Yearling Sale posted gains in average and median sale price on Sunday evening, highlighted by the $380,000 sale of a Violence colt.
The session, which featured less than a third of the catalog's total offerings ahead of Monday's longer day of trade, saw 53 horses change hands for revenues of $5,999,000, down 13 percent from last year's opening session – featuring a similar format – when 64 horses sold for $6,900,000.
Sunday's average sale price finished at $113,189, up four percent from $107,812 in 2022, while the median rose 29 percent to $100,000 from $77,000. The buyback rate finished at 34 percent, compared with 23 percent during last year's opener.
“I thought it was very consistent,” said Fasig-Tipton president Boyd Browning. “It seemed a tiny bit sticky in the beginning, with a higher RNA rate that kind of smoothed out as the sale progressed. It wasn't totally unexpected. The owners have options with their horses, and I think sometimes you create a false sense of enthusiasm off the main sale (the Saratoga Select Yearling Sale), which people quickly adjust to, but it was a solid sale. Last year was a record-breaking sale, and to be statistically improved in two categories is a really good start.”
The session-topper came early in the evening when Baccari Bloodstock purchased Hip 306, a Violence colt, for $380,000.
The bay colt is the first foal out of the winning Liam's Map mare Liam's Lookout, who is herself a half-sister to Grade 2 winner Itsaknockout, stakes winner Storm Power, and Grade 3-placed Hot Sean. His extended family features Grade 1 winner Believe You Can and Grade 3 winner Rush Bay.
Hill 'n' Dale at Xalapa consigned the colt, as agent.
To view the full results, click here.
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