||Strong Fasig-Tipton Texas Summer Yearling
Fasig-Tipton’s Texas Summer Yearling
Sale, which was conducted on August 30 and 31, showed increases in every
category. The sale returned to a two-day format, a change from last year’s
The sale topper was a Tejano Run colt that brought $130,000 on Monday.
Listed as Hip 99, the chestnut was consigned by Gabriel Thoroughbreds,
agent, and sold to Jimmy Davis, agent, for the only six-figure price of
Tuesday’s topper was the Valid Expectations colt Valido, who is
out of the Roberto mare Nifty and is a half-brother to Grade 3-winner
Renewed (Lost Code). Listed as Hip No. 403, the bay colt was consigned
by Charles Woodson Ham II, agent. Leland Cook gave the high bid of $82,000
for the yearling in the closing minutes of the sale.
There were 270 yearlings sold this year, compared to 219 in 2003. Correspondingly,
the gross increased to $3,360,800, up 24.8 percent from last year's total
of $2,694,000. The average for this year's sale was $12,447, a 1.2 percent
improvement from $12,301 last year. Median jumped from $5,300 last year
to $7,000 this year, an increase of 32.1 percent. The buyback rate at
the sale increased from 24.5 percent in 2003 to 26.4 percent this year.