A combination of dramatically increased New York-bred participation at the 2012 Fasig-Tipton Kentucky Fall Yearling sale, combined with a 35.2% hike in the average price for a New York-bred yearling led to a triple-digit increase in total sales at the conclusion of the sale’s third and final session on Wednesday.
New York-bred participation in the October sale nearly doubled this year, with 92.7% more individuals offered than in 2011. Over the three sessions Empire-breds took in $1,509,400, which represents a 137.6% increase over total New York-bred sales last year ($635,200).
Of the 79 individuals offered, 58 changed hands, up 75.8% from last year. The average ($26,024) and median prices ($10,250) rose 35.2% and 28.1% respectively.
The increases built significantly on an already improved New York-bred performance at the Fasig-Tipton Kentucky Fall Yearling sale in 2011 (see chart below), making the case, as with the Keeneland yearling sale, that buyers of New York-breds in Kentucky have now fully embraced the boom in the Empire-bred marketplace.
The top-priced New York-bred yearling, who ranked third best in session 2 and co-fourth in the entire sale, was a New York-bred half-sister to multiple graded stakes winner Trinniberg, who sold for $250,000.
Two other Empire-breds were hammered down for six figures in the first session: a half-brother to Empire-bred champion Naughty New Yorker by Broken vow and a Mineshaft colt out of Oonagh, a full-sister to multiple Grade 1 winner and sire Vicar.
The New York-bred success at the October yearling sale took place in the context of record-setting auction. For coverage of the overall sale from the Blood-Horse, click here.
New York-bred results at FTKOCT 2010-2012:
| NYB FTK OCT 2012 (change from 2011) | NYB FTK OCT 2011(change from 2010) | NYB FTK OCT 2010 | |
| No. catalogued | 97 (+120.5%) | 44 (-18.5%) | 54 |
| No. offered | 79 (+92.7%) | 41 (-6.8%) | 44 |
| No. sold | 58 (+75.8%) | 33 (no change) | 33 |
| % Not Sold | 26.6% | 19.5% | 25.0% |
| Total Sales | $1,509,400 (+137.6%) | $635,200 (+64.4%) | $386,300 |
| Average | $26,024 (+35.2%) | $19,249 (+64.4%) | $11,706 |
| Median | $10,250 (+28.1%) | $8,000 (+23.1%) | $6,500 |
