08/13/2010 01:01 pm ET | Updated May 25, 2011

New York Breds Sale Back on Track

A sale of Preferred Thoroughbred yearlings born in New York, NY breds, was held August 7 and 8, a few days after the Select Sale, at the Fasig-Tipton grounds in Saratoga Springs, NY.

The NY Preferred Sale is to the Select Sale what Bloomingdales is to Bergdorfs. Both sales have quality offerings, but the price points at the Preferred Sale are more accessible to a wider spectrum of buyers.

Characteristically, the entrants to the Fasig-Tipton Preferred Sale are strong physical specimens, however, they have less stratospheric pedigrees than their Select brethren. They may be a few removes away from the elite stallions, mares and families that frequent the Select Sale catalog.

Make no mistake, NY breds can and do run and win in the company of those Olympian pedigrees. Funny Cide, Say Florida Sandy, Gander, Fleet Indian are the earners of in excess of $1 million in the most competitive open company, and, they are all NYbreds.

That said, sales ranged from $5,000 to $140,000. On the sale's second night, bloodstock agent J. J. Crupi bought a Tale of the Cat colt for NY based Repole Stables, LLC for $140,000. Repole Stables is owned by Queens native and Glaceau-Vitaminwater-Smartwater magnate Mike Repole.

There were 142 yearlings offered at this year's sale, 56 fewer compared to the 2009 sale. This year's average price for a NY Preferred yearling was $39,106, with 48 youngsters not sold.

Despite a slight dip in the average sale, consensus is that this was a far stronger sale than 2009. In 2010 breeders and owners sold a higher percentage, 66%, of yearlings offered, compared to only 54%of the 2009 yearlings being sold.

One positive and relieved note for the prospects of NY breds offered in the upcoming fall sales, Genting New York has been named operator of the Aqueduct VLT racino. With added moneys to be distributed to NY bred owners and breeders, the distinction of being a NY bred should translate to higher values in the sales sector.