Shannondoe Farm faced a tough decision last year with a striking, well-balanced colt by then-first-crop weanling sire Palace Malice.
The chestnut colt out of the multiple stakes-producing Silver Deputy daughter Timeless Silver had plenty of maturity and quality to warrant consideration for Fasig-Tipton’s boutique November sale. Upon further consideration, however, owner/breeder Arika Everatt-Meeuse and sales agent Mike Recio felt the colt was progressing so well that he might be more valuable as a yearling.
They rolled the dice, and now the colt is Hip #131, one of six Palace Malice progeny entered in The Saratoga Sale.
“I think the actual terms we used at the time was that he was going to come back and bite us in the rear end if we sold him as a weanling,” said Everatt-Meeuse, who operates Shannondoe Farm near St. Thomas, Ontario, with her parents, James and Janeane Everatt. “We didn’t want to be standing beside him at Saratoga crying.”
So far, their patience looks like a savvy decision.
Three Chimneys Farm’s Palace Malice, a six-time graded stakes-winning son of Curlin , had his progeny light up the bid board at the Fasig-Tipton Kentucky July Yearling Sale, where he was represented by two daughters among the top five highest-priced fillies. One filly, named Duchess of Sussex—out of Southern Belle (by Dixie Union)—sold for $275,000 to Eclipse Thoroughbred Partners. The other filly, named Prehistory—out of Passe (Dixie Union)—sold for $250,000 to agent Steve Young.
Overall, Palace Malice was the sixth-leading Fasig-Tipton July sire by average price, with four sold of five offered averaging $187,500.
The market appreciation from Palace Malice’s 2017 weanling average of $65,083 from 12 sold was striking but not altogether surprising. Recio, who operates South Point Sales Agency with Everatt-Meeuse, said he suspects the decision they made with their Saratoga sale colt mirrors what several owners of Palace Malice offspring concluded—that giving already good-looking foals more time to grow would be rewarded.
“I think a lot of people held them back because (Palace Malice) didn’t have that many sell as foals,” said Recio. “You knew they were going to keep moving forward, so why cash out too early? This is a big, strong, two-turn horse that looks like he’ll be quick.”
Hip #131 is one of five yearlings being offered at The Saratoga Sale. Click here to view the full consignment.
– edited from http://www.bloodhorse.com