American Pharoah, the Triple Crown winner, continued his strong presence at yearling sales when two of his babies brought $300,000 or more at the Fasig Tipton October sale.
The sale topper, a colt from the family of Broodmare of the Year and Champion Personal Ensign, brought $310,000. The horse was purchased by Justin Zayat on behalf of their racing entity. The Zayats raced American Pharoah to the first Triple Crown in 37 years. Zayat and his father have been active in the sale, looking for value in a marketplace that, while softer than past years at this sale, is still really strong. Value was the name of the game with their purchases.
The sale topper was consigned by Peter O’Callaghan’s Woods Edge Farm. He was purchased as a weanling at the Keeneland November Breeding Stock Sale for $230,000.
“I thought the horse was a steal,” said O’Callaghan. “The top horses at this sale the past couple years brought $400,000 to $700,000. To get a colt of this quality for this price was a very nice buy.”
While the top horses haven’t sold as well at this sale, the median is up 25% from last year. Several buyers are getting value in the middle range horses, so if you are buying from $50,000 to $100,000, you are getting plenty of solid opportunities.
Earlier the same day, another American Pharoah brought $300,000. So far, six horses have sold for over $200,000.