Fasig-Tipton Maryland average rises 10%

The two-day Fasig-Tipton’s Maryland yearling sale finished on Wednesday with solid gains across the board.  Turnover grew 11.7% to $6.27 million and the average price rose 10.3% to $16,005.

An Indian Charlie colt was the most expensive horse sold during the auction’s second session, bringing $160,000 from Jack H. Smith III.   The colt is out of Marquetry mare Ten Halos and is a three quarter brother to G2 Super Derby My Pal Charlie (Indian Charlie) and G2 Amsterdam Stakes winner Bwana Charlie (Indian Charlie).

Lane’s End stallion After Market topped the sale on Day 1 with a $250,000 colt that was purchased by Jay Em Ess Stable.  The chestnut is a half-brother to Double Down Vinman (Out of Place) whose 11 wins included a Listed victory in the Lil E Tee Hcp at Presque Isle Downs.

Fasig-Tipton president Boyd Browning said the sale’s upward trend was consistent with the modest improvements seen at many other yearling auctions this year after the major setbacks in 2009 following a global economic downturn.

“Overall we are pretty pleased,” Browning said.  “The top of the market was a little stronger than I anticipated.  We continue to see a lot of competition and demand for the quality horses.”