The closing session of the 2016 October Fasig-Tipton yearling sale was dominated by Darley stallion Bernardini, as his sons were involved in the two of the highest prices sales of the day. The sales topper of the day was a Bernardini colt that sold for $350,000 to Stonestreet Stables.
“He’s a beautiful horse,” said Stonestreet Stables representative John Monyihan. “I saw him the other day and he was just a really good-looking horse. He’s just a really gorgeous horse. He’s a little light on the female side, but he’s so good on the physical, we thought we’d take the chance. We’ve had a lot of luck with Bernardini, so we thought we’d take a swing.”
The other high-priced Bernardini transaction was a filly sold to W.D. North Thoroughbreds for $280,000. “She looks like she will be precocious,” said buyer Willy North. “Her conformation was spectacular. I could not fault the filly anywhere. I think it was a great buy to pinhook.”
Overall, sales were comparable to last year’s auction. A total of 777 yearlings sold this year for $25,691,500. Last year saw 854 horses sold for $29,369,300. The average sales price dipped 3.9 percent to $33,065. The median sales price fell by $500, from $15,000 last year to $14,500 this year. The RNA rate went from 30.8 percent in 2015 to 25.1 percent (260 unsold horses) in 2016.
“I think overall we had a solid and consistent marketplace, which is what you’re hoping for in October,” said Fasig-Tipton President Boyd Browning Jr. “All in all I thought it was a very solid three days. This sale has matured, and provides a real viable alternative for consignors and for buyers who love to come to shop here because consignors are realistic in setting reserves. It is a real good, solid, realistic marketplace. Certainly there was a really strong market for quality individuals.”