McMahon Hopes Record-Setting Market Will Give Barretts May Sale a Boost
Updated: Thursday, May 13, 2004 11:44 AM
Posted: Wednesday, May 5, 2004 1:39 PM
The juvenile selling action moves to Southern California Tuesday for the Barretts May auction at Fairplex Park. Barretts president and general manager Jerry McMahon is hoping that the record-setting momentum in the market earlier this year will help boost prices even though California racing is struggling.
"While we're expecting buyers from out of town, this is primarily a West Coast market and we'll have to wait and see how it is affected by the short fields and racing situation in California," said Jerry McMahon, Barretts' president and general manager. "But the market has been strong everywhere this year, so we are expecting a good sale. We (the California industry) may soon get a boost from the workers' compensation bill."
The catalogue has 332 horses, but there have been a high number of scratches from California-based consignors whose horses haven't progressed fast enough in their training, according to McMahon Many of those 2-year-olds, he said, were entered in Barretts June sale of juveniles and older horses of racing age.
Last year, the 236 horses sold during the May auction grossed $7,186,600 and averaged $30,452. The median was $17,000. Cambria Gold, a French Deputy filly, set a sale record when she brought a $375,000 bid from trainer Bruce Headley and Kendall-Jackson winery founder Jess Jackson. Evolution, a son of Gilded Time
, established a sale record for a colt when Gregg Alsdorf and trainer John Sadler of La Cresta Farm purchased him for $335,000.
This year's sale begins Tuesday at 11 a.m. (PDT).
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