By Catesby Clay Jr.
The stallions with the most successful results for progeny sold at juvenile sales in 2002 fall into two groups. The first group had one or two individuals that sold for six- or seven-figure prices, with the balance of the sires' progeny bringing prices well under $100,000. The second group had the majority of their progeny selling for six figures and a smaller number that sold for four figures. This article will briefly highlight the sires that fall into both of these categories.
Lane End's A.P. Indy had three of four juveniles sold for the highest average price of $508,333. Their median price was $400,000. A.P. Indy's most expensive 2-year-old was consigned by M and H Training and Sales and sold for $900,000 to B. Wayne Hughes. Terry Oliver, as agent, sold his lowest-priced juvenile for $225,000 to Karen and Hay Biggs.
Overbrook's Storm Cat ranked as the leading sire by median price, with four sold for $475,000. Their average price was $425,000. The Storm Bird stallion had only one buyback. Agents Robert Scanlon and Robert Harris each sold colts by the sire for $550,000 to Patrick Biancone and Katsumi Yoshida, respectively. Eisaman Equine sold his lowest-priced juvenile for $200,000 to E. Paul Robinson.
Farnsworth Farm's Double Honor led all sires with the most juveniles sold at 29. The son of Gone West had 40 offered, with the ones sold costing an average and median price of $36,345 and $17,000, respectively. Double Honor had two of his 29 sold 2-year-olds sell for six-figure prices. Farnsworth sold Double Honor's most expensive 2-year-old to William Condren for $310,000. Conversely, his lowest-priced juvenile sold for $5,000 to Asociacion Nacional de Duenos de Caballos.
The leading first-crop sire by median price went to Ashford's Grand Slam, with 23 of 34 sold for an average and median price of $171,413 and $180,000, respectively. Grand Slam's 2-year-old sale results made him the most popular freshman sire as his median was $80,000 more than Claiborne's Coronado's Quest's median price. Grand Slam had 14 2-year-olds sell for at least $100,000 or more. The Gone West stallion's top-priced 2-year-old sold for $700,000 to Demi O'Byrne from the consignment of Niall Brennan. On the opposite spectrum, Woodside Ranch, as agent, had a filly sell for $6,000 to Robin Long.
Claiborne's Pulpit led the entering stallions of 1998, with the highest median price at $225,000 for four of six sold. His 2-year-olds cost an average price of $308,000. John Oxley purchased his most expensive 2-year-old for $750,000 from Kirkwood Stables as agent for Claiborne Farms. His lowest priced 2-year-old cost Carlos Morales only $32,000 from the consignment of Eddie Woods, but his other three 2-year-olds sold for six-figures or more.
Unbridled's Song was the leading third-crop sire by median price, with 12 of 18 2-year-olds sold for a median price of $162,000. Their average price was $189,167. The son of Unbridled had seven horses sell for at least $100,000 or more, with the most expensive one costing Darby Dan Bloodstock $850,000 from Robert Scanlon's consignment. His least expensive 2-year-old was sold by Equine Legacy Farm to Buzz Chace for $26,000.
The former Overbrook stallion Tabasco Cat, who now stands in Japan, rebounded with 11 of 17 fourth-crop 2-year-olds selling for $70,000. Their average price was $129,273. The Storm Cat stallion had four juveniles sell in six-figures. Hence, the disparity between his median and average prices. The Tabasco Cat's highest-priced juvenile, a colt called Logician, cost J. Paul Reddam $520,000 from the consignment of Niall Brennan. Agent Eddie Woods sold his least expensive 2-year-old for $8,000 to Kenneth Rosendohl.
for lists of leading sires of 2-year-olds sold this year. Subscribers to TBH MarketWatch can find complete statistics and comprehensive analysis of the 2-year-old market in the July 11 issue, available online at http://marketwatch.bloodhorse.com
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