Daily News Archive
Daily News Subscription
Saratoga Select Entries Defy Lower Foal Stats
Despite sales in the Northern Hemisphere feeling the pinch of smaller sales entries (due to smaller foal crops over the last few years), "that is not the case at the 2012 Fasig-Tipton Saratoga sale of selected yearlings, where the catalog features 29 more yearlings than last year," reports thoroughbredtimes.com. The headline sale, which got underway overnight, has an "abundance of quality pedigrees and individuals on offer" that has "led to an 18.1% increase in designated hip numbers cataloged for this year's select sale compared with 2011." Fasig-Tipton president Boyd Browning explained: "The increase in number of horses cataloged is due to two factors... First off, we had a strong and successful 2011 sale. Secondly there is increased interest and enthusiasm in the industry, particularly in New York, due to the increased purse values here for all races, not just for New York-breds. They're giving away almost $1-million a day at Saratoga and that increases the enthusiasm and optimism for the sale right across the street from the track." Browning added, "I think there is more confidence and less uncertainty in the U.S. and world economy than there was a year ago. Not that it is robust, but there is less tension and concern about a potential downturn. I'm not saying it's great, but people are not quite as anxious to turn on CNBC at 4:00 p.m. today to see what has happened next."