SARATOGA SPRINGS, N.Y. (AP) – A late surge of buying brought total receipts for the two-night Fasig-Tipton select yearling thoroughbred sale almost in line with the 2011 results.
But the auction in Saratoga Springs, one of the elite American yearling sales, concluded Tuesday with key statistics below those of a year ago.
In total, 107 yearlings were sold for $32 million – an average price of $299,065 and median of $225,000, a decline of 2.7 percent in gross receipts, 6.3 percent in average price and 10 percent in median price from 2011. Last year, 103 horses sold for $32.9 million, an average of $319,340 and median of $250,000.
Sheikh Mohammed of Dubai was the top buyer at the opening session. His representative, John Ferguson, spent $3.325 million over both nights.