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| Staff Writer |
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Astandout son of the late Empire Maker sold for $750,000 to top the standings Oct. 26 at a blockbuster second session of the Fasig-Tipton Kentucky October Yearlings Sale, which remains on track as one for the record books midway through the four-day span.
"A record-breaking session in all regards record gross and record average for the October Sale, co-highest price ever for a colt, but more important was the continued level of activity," Fasig-Tipton president and CEO Boyd Browing Jr. said. "A great RNA rate overall today. People are putting in reserves that were consistently getting doubled and tripled."
From 792 yearlings cataloged for the first two sessions, 554 yearlings have sold for gross receipts of $24,977,100 for a record $45,085 average and a record $20,000 median. The cumulative RNA rate is 18.4%, down from 21.4% last year.
At the same point a year ago, 489 yearlings sold of the 776 cataloged for $16,390,500 at an average price of $33,518 and a $15,000 median. The record gross for this sale is $38,258,900, set in 2019, the same year the average mark of $37,955 was attained. The record median of $18,500 was set in 2014.
Fasig-Tipton reported 280 yearlings changed hands at Tuesday's session for receipts of $13,960,200, boasting an average price of $49,858 and a $25,000 median. An RNA rate of 17.2% represents the 58 horses that went unsold on the second day of selling. At the same session in 2020, 241 yearlings sold for $7,996,700, with an average price of $33,181, and a $15,000 median. The 62 horses unsold represented an RNA rate of 20.5%.
Trainers and owners need horses, the purses are pretty darn good, and they appear to be on the increase to the horizon that will be the next couple of years."
The new sale topper, a Kentucky-bred colt consigned by Machmer Hall Sales, agent, as Hip 513 was purchased over the internet by Jacob West for St. Elias Stables, who was working from the back ring at the sale. The son of Empire Maker heralds from the female family of 2003 Gainsborough Poule d'Essai des Pouliches (French One Thousand Guineas, winner Musical Chimes. The colt's third dam, Note Musicale, produced five-time Gr.1-winner Music Note, the dam of this year's Dubai World Cup Sponsored by Emirates Airline winner Mystic Guide.
Carrie Brogden, who consigned the colt, said: "The market seems good for those who jump through the hoops. I tell people that you don't need to put reserves on the other kind of horse; just let the market tell you what it's at. Hip 513 had a $24,000 reserve, so it's been a good day, but it's hard, like every day."