Horse at Saratoga Yearling Sale Goes for Whopping $4M Dollars!

Fasig-Tipton, Saratoga Springs

If you think it's risky to bet on horse racing, you should try being an owner!

The kind of money that owners and trainers pour into the sport, pales in comparison to the few bucks we lose while enjoying a day at the Saratoga Race Course.

We're talking big, big money here and it's not unusual for colts to be sold for hundreds of thousands, or even millions of dollars at Fasig-Tipton, the annual yearling sale in Saratoga Springs.

In fact, this year alone, 10 yearlings were sold for at least $1 million dollars; remember that the next time you're ticked off you lost 12 bucks on an exacta when your horse broke slowly out the gate!

4 Million Dollars!

And on Tuesday night, a sought-after yearling (racing lingo for a 1-year-old horse, or a horse that's not yet 2) was sold for a whopping $4 million dollars, which is the most amount spent on a racehorse at Fasig-Tipton in Saratoga in nearly 25 years.

Yearling sells for $4M dollars at annual Fasig-Tipton sale in Saratoga Springs Photo: Facebook

According to PaulikReport.com, the horse, labeled "Hip 165", is the bloodline to a former Horse of the Year named "Beholder", and he sold for $4 million to a man named Donato Lanni, an agent for Zedan Racing. According to the report, this colt is the "first of Hall of Fame inductee Beholder's foals to be offered at public auction."

In a report by BloodHorse.com, Amr Zedan from Zedan Racing said, "Spending that kind of money, it's a lot. But from an operational standpoint, from the portfolio we've got, it's a well-hedged, well-calculated venture. It's not like we're shooting from the hip."

"The price reflected the rarity of the offering, matching the third-highest price ever realized at The Saratoga Sale and the most expensive since 2000." -PaulikReport

Fasig-Tipton Saratoga "By the Numbers" according to PaulikReport:

153 yearlings were sold for a sale record $74,780,000, up 11.7 percent from the previous record of $66,955,000 set last year.
The average of $488,758 eclipsed by 4.4 percent the record set last year of $468,217. The median tied last year's record of $375,000.
Ten yearlings sold for $1 million or more over the course of the two nights.

'Crown Jewel of Saratoga' to go to Highest Bid at Future Auction

Famed Riggi Palace will go to auction! See inside the exquisite estate of a Saratoga socialite and her late husband, for sale in Saratoga County.

Once on the market for $18M, the mansion known as the 'Crown Jewel of a Saratoga' will be sold at an upcoming luxury auction to the highest bidder.

$4.3Mil Historic Saratoga Estate with Italian Restaurant & Spring-Fed Ponds For Sale

This estate is just ten minutes from downtown Saratoga and sits on a private and picturesque 14.19 acres. It is known as Villa Balsamo an Italian restaurant which was built in 1930. It operated as a restaurant for many years and includes a restaurant dining room, commercial kitchen, and a bar/lounge too.

The mansion boasts nine bedrooms, six bathrooms, and a tiled porch. There are high-end finishes throughout. The property has manicured lawns, five spring-fed ponds, and a well with Saratoga mineral water.

The listing agent said they are marketing the property to investors or homeowners for a variety of uses: as a restaurant, event venue, an inn, a school, an equine farm, or even a single-family residence.

Live Simply Yet Comfortable in This Adorable Tiny Saratoga House For Just $76K!

Looking to downsize yet live comfortably? This tiny house may be just what you are looking for. It's a two-bedroom tiny house that is ready to roll. You find the land and they will park it there for you. It is located in Saratoga Springs. The main level is 208 square feet and the upper two lofts add another 130 square feet. There is a composting toilet, and hookups for a washer, dryer, and refrigerator. The tiny house has a full electric panel, drainage, water, plumbing, and a full shower. The kitchen has a cute farmhouse sink. There is plenty of storage underneath the stairs, tons of natural light, insulation, and beautiful cherry floors. This adorable tiny house is for sale for just $76,000.