The Saratoga Selected Yearling Sale, held annually by Fasig-Tipton Sales Company, came to a rousing conclusion on Tuesday night. And, quite honestly, there should have been fireworks similar to the lightning display that took place in the small New York town over the weekend.
It was a blast off with high intensity electricity.
When all was said and done, and the last yearling had pranced its way through the sales ring, Fasig-Tipton had sold 170 horses for a grand, grand total of $62,794,000. That represents a near $10,000,000 increase in revenues over the brilliantly successful sale of a year ago when Fasig-Tipton sold 156 yearlings for $52,995,000.
The average price for a yearling jumped this year, as well. This year, the average price paid for a yearling was $369,376. The median price was $300.000. A year ago, the average price was $339,712, and the median was the same.
The number of horses that did not meet their reserve price was 46, up just eight horses over last year’s tally at 38.
Here is what Bayne Welker and Boyd Browning, the headliners for the Fasig-Tipton team, had to say this morning:
“I am going to quote Boyd, who said it so well last night,” said Bayne Welker, the company’s Vice President of Sales. “Boyd said, ‘A record sale that has to be attributed to the people who trusted in us to provide the opportunity to offer so many nice yearlings to the buying public. Tremendous trade that broke markers not seen since 2001.’ ”
Welker went on to say this about the upcoming NY-Bred Sale that beings later this week:
“The NY-Bred Sale should continue with strength as we have seen NY-breds competing on the world’s stage and the NY program is stronger than ever, and we are excited about the level of quality offerings coming up.”