While the 2015 MTA yearling sale was a bit of a disappoint, 2016 erased that disappointment and then some, setting a record in gross proceeds and the number of horses sold as well as coming close to record numbers in average and median sale prices.
The 2016 gross proceeds was $517,350, the first time the sale has ever eclipsed a half million dollars in proceeds, beating the previous record set in 2014 by $63,250. The sale bounced back from last year, notching a 67% increase.
The average sales price was $10,558, only the third time that the sale registered over a $10,000 per horse average and only $2 off the 2014 record of $10,600.
The median sales price was $6,500, the second highest in history behind the $7,000 registered in 2002.
“The demand for Minnesota bred horses has never been greater,” said MTA President Jay Dailey. ” I’d like to thank all the consignors and buyers who came out last evening. Also, much thanks to the MTA members along with Executive Director Kay King who worked tirelessly the past few weeks to make the sale a success and Canterbury Park for use of the venue.”
The sales topper was Hip #49, a Midshipman filly out of Lion Heart mare, Lion Cub. The filly sold to new owners Barry & Joni Butzow for $50,000 and was consigned by Dove Hill Farm, agent for Richard Bremer and Cheryl Sprick. Another Bremer and Sprick bred Midshipman filly, Shipmate, won the $85,000 Northern Lights Futurity the previous day.
The leading consignor with six horses sold and a gross sales price of $122,500 was Wood-Mere Farm LLC. Barry & Joni Butzow also purchased a chestnut colt out of Tez Savitri by Matt’s Broken Vow for $10,000 to lead all purchasers in dollars paid while Empire Racing Stable/Robertino Diodoro bought a trio of horses to lead purchasers in horses bought.
“Several records were broken last night,” said Dailey “and work will start soon to make next year’s auction even better.”
Sixty-two horses went through the sales ring with forty nine changing hands.
Complete sales results are below.