Aug 06, 2008
Storm Cat filly tops sale; Slow start overall
Posted by : jj
Storm Cat filly tops sale; Slow start overallSARATOGA SPRINGS, N.Y.: A $1.5-million filly by Storm Cat purchased by Barry Irwin, president of Team Valor International, topped the first of two sessions Monday at the Fasig-Tipton sale of selected yearlings Monday night.The bay filly was one of only two yearlings to sell for more than $1 million during an opening session marked by little foreign participation.Breeder William S. Farish, former ambassador to England, made a final bid of $1.2 million for Pyramid Indy, a colt by A.P Indy.John Ferguson, who represents Darley Stable, one of the racing entities operated by the ruling family of Dubai, purchased three yearlings for a total of $2.1 million, the most expensive a $900,000 colt by Distorted Humor. Participation by Arab and European interests, however, was light.Sixty horses were sold for a total of $18.16 million, slightly less than the $19.86-million gross receipts from last year's first session. The average price of $302,667 was an increase of 16 percent year over year. Twenty-five yearlings, however, failed to reach their reserve prices, 29 percent of those cataloged compared to 22 percent in 2007.
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