Strong Thoroughbred Market in New York

Strong Thoroughbred Market in New York

Strong Thoroughbred Market in New York

The market strength evidenced earlier this week during The Saratoga Sale continued Saturday evening during the first session of The New York Bred Sale, which saw increases in average and median over last year’s sale.

Tonight’s session saw 93 yearlings change hands for a total of $8,155,000 good for an average of $87,688 and a median of $75,000, increases of 13.5% and 25% respectively, over last year’s totals. The RNA rate for the session was down 8.3% from last year’s overall RNA rate.

“We hit the trifecta again tonight from a sales perspective,” said Fasig-Tipton President Boyd Browning. “Average was up, median was up, RNA rate was down. I think we saw a continuation of the same trends as we saw in the select sale earlier in the week.”

The top price of the night was a colt by the late City Zip (Hip 371) from the consignment of Indian Creek, which was purchased for $350,000 by Mike Ryan, agent for Kindred Racing (video). That price tag is good for fourth most expensive colt in this sale’s history.

Also selling well was a colt from the third crop of Maclean’s Music (Hip 357), whose first crop includes this year’s Preakness S. (G1) victor Cloud Computing. Offered by Vinery Sales, the colt was purchased for $275,000 by Vineyard Ventures.

A filly from the third crop of Saratoga Sale grad Union Rags (Hip 428) took the lead in the distaff division late in the session when sold for $270,000. Consigned by Hunter Valley Farm, the robust filly was purchased by Robert Masiello.

(Interested in Making Money Breeding Horses, Knightsbridge)

The top five hips of the session were by five different sires, including the late City Zip, successful young sires Maclean’s Music and Union Rags, popular first-crop yearling sire Cairo Prince, and established sire First Samurai.

Promisingly, the session gross of $8,155,000 eclipsed last year’s single-session half-way point of $6,836,250 by 19.3%.

“We’ve very pleased,” continued Browning. “On a two-night sale, or a multiple day sale, we don’t ever ‘declare victory’ until it’s over, but certainly it’s off to a good start.”

The New York Bred Sale continues August 13 at 6:30 PM.

Session results are available online.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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