Fasig Tipton Spa Open Sale

[Downthestretch55]

I can't figure out where the pinhookers are. There are some very nice ones going for dirt cheap.
A 10K investment now could bring 100K at the Keeneland spring sale.
This is an incredible auction!
I wish I was there.
Hey Sumitas, don't know if you mentioned it...that Desert Warrior (477) went for only 4.7K. Breeders are really taking it on the chin today!

[sumitas]

the place must have been infested with bottom fishers. there were very few serious bidders in attendance, judging by the very low overall bids. many horses went RNA, rightfully so, rather than give them to the piranhas there

.........HEAD...........................NOT
DATE SOLD AMOUNT AVERAGE SOLD MEDIAN

8/15/06 70 680,500 9,721 63 5,350

FT has a lot of work to do to attract serious buyers to the open sale.

One Desert Warrior was a $20k RNA, plus he had one sold for $40k in the preferred, so he's off to a decent start. today's crowd would be better off shopping at flea markets.

LEPRECHAUN RACING, AGENT won a number of halfway decent priced horses in the $20k range. other than that it was bargain basement shopping.

[sumitas]

Just look at the numbers, you can see there is LOTS of room for improvement in this sale. Such as bringing the average up to $20k next year. A few more breeders might be able to stay in the market then.

[Downthestretch55]

Originally Posted by sumitas

Just look at the numbers, you can see there is LOTS of room for improvement in this sale. Such as bringing the average up to $20k next year. A few more breeders might be able to stay in the market then.

There's plenty of room for improvement. As we've both seen, each sale varies. It's a "crap shoot".
After the last one, I expected a much stronger market.
Some very nice ones didn't get touched today.
A little difficult for me to figure, other than the "whim" of the market.
The pinhookers, if they had showed up, would have found some great values.

[sumitas]

that's true DTS. there was a distinct absence of the right buyers today. for heaven's sake, almost 50% of some real nice horses, on paper anyway, went unsold. and i like that this was an open sale, in an effort to attract nice horses bred outside NYS. i like the concept but it got to be realized in the sales ring.

[Downthestretch55]

Originally Posted by sumitas

that's true DTS. there was a distinct absence of the right buyers today. for heaven's sake, almost 50% of some real nice horses, on paper anyway, went unsold. and i like that this was an open sale, in an effort to attract nice horses bred outside NYS. i like the concept but it got to be realized in the sales ring.

Sumitas,
Looks like Fasig-Tipton is putting a smiley face on it:
http://www.thoroughbredtimes.com/tod...65780&subsec=4

[sumitas]

good article. the sale should continue and FT makes a good point that not every mare needs to be bred. it seems that the demand did not meet supply in this sale and the message to some breeders is get out of the business because you will lose your shirt. next year should improve, seeing this was the first year of the open sale.