The sale of three six-figure horses boosted total revenue at the Fasig-Tipton Texas sale of 2-year-olds and horses of racing age April 1, but the 4.3% uptick in sales was offset by declines in average and median prices and a rise in the RNA rate.
Fasig-Tipton reported 80 horses were sold at the single-day auction at Lone Star Park for total receipts of $1,818,700, a 4.3% increase from the 2013 sale when 74 horses brought $1,743,750. The median price dropped 25% to $15,000, compared with $20,000 last year, and average price was also in negative territory, down 3.5% to $22,734.
The number of horses that failed to meet their reserve prices and thus going unsold rose from 30.2% in 2013 to 35.5%.
Topping the day’s trading at $135,000 each were a Kentucky-bred colt by Harlan’s Holiday, offered by Wolf Creek Farm, agent, and a Louisiana-bred filly by Munnings , who sold out of Bethe Deal’s Inside Move, agent, consignment.
The son of Harlan’s Holiday, bought by Dennis Foster, was one of two horses to post the fastest time of :10 1/5 for one furlong at the March 30 under-tack show.
Bred by Claiborne Farm, the bay colt is the first foal out of the placedSmart Strike mare Smart Music, a half sister to grade I winner and sire Include and four other stakes winners. He was a $25,000 purchase by David Rodawalt from the Claiborne consignment at the 2013 Keeneland September yearling sale.
The daughter of Munnings clocked an eighth of a mile in :10 4/5 at the under-tack show and sold to Louisiana horseman Carrol Castille.
Bred by Summer Grove Farm and Terry Gabriel, the bay filly is out of the winning Cobra King mare Viva Vega, a full sister to multiple stakes winner Follow Me Home. Viva Vega has produced four winners, including stakes winner Southern Dude, by Lion Tamer , and is from the family of Louisiana-bred star Hallowed Dreams, who won 16 consecutive races in 1999 and 2000.
Consignor Inside Move enjoyed a nice pinhooking profit after buying the filly for $15,000 as a short yearling at the 2013 Ocala Breeders’ Sale Co. winter mixed sale.
Inside Move also sold the day’s other six-figure horse, a Louisiana-bred filly by Pomeroy who was bought for $100,000 by Charles A. Castille Jr.
A $47,000 purchase by Inside Move at the 2013 OBS August yearling sale, the gray/roan filly clocked a furlong in :10 2/5 at the March 30 under-tack show. Jay Adcock and Lon Baronne bred her out of grade III winner Theresa’s Tizzy, a Cee’s Tizzy mare who also produced grade III winner Got the Last Laugh , by Distorted Humor , and stakes winner Puddifoot, by Red Giant.
Inside Move also consigned a Distorted Humor half brother to grade I winner Great Hunter who RNA’d on a final bid of $85,000.
For complete sale results, click here.
Read more on BloodHorse.com:http://www.bloodhorse.com/horse-racing/articles/84163/gross-up-at–ft-texas-sale-average-down#ixzz2xjfwCrBa