Pikepass Colt Tops OBSC Second Session

• Email
• Print
• Tweet

The first of three open sessions of the Ocala Breeders' Sales Company's August yearling sale got off to a strong start when bloodstock agent John Moynihan went to $220,000 to acquire a son of Pikepass.

The session saw 240 horses sell for a gross of $3,261,700, for an average of $13,590. The median was $7,000. The buy-bate rate was 18.6% with 55 hips failing to find new homes.

This session saw 12 horses bring more than $50,000 compared with two hitting that figure last year.

Last year 218 horses sold for a gross of $2,273,600, for an average of $10,429. The median was $6,750. The buy-back rate was 27.8% last year with 84 horses failing to meet their reserves.

"I just hope we can keep up this pace," said Tom Ventura, OBS director of sales and general manager. "With across the board increases it's hard to find bad numbers."

Moynihan purchased the son of Spendthrift Farm stallion Pikepass on behalf of longtime client Martin Cherry. "I didn't expect to go that high, but he was just a beautiful and very athletic horse."

The colt was produced from the Roy mare Dutch's Duchess and was consigned by Richard Kent's Kaizen Sales, agent, on behalf of Dr. Benedict Mohit, an Orlando veterinarian, who was making his entry into the horse business.

The colt represented Mohit's entry into the horse business when he purchased him as a weanling for $2,700 during the 2003 Keeneland November mixed sale. He was sent to Rainbow Rise Farm for his early education.

Mohit said he had always wanted to get into the horse business and finally made the jump when he was introduced to Bayne Welker Jr. of Mill Ridge Farm by Dr. Stewart Brown, a college friend.

"He (Welker) really took a lot of time to go around the Keeneland sale with me even though I told him that I only had about $5,000 to spend," Mohit said. "We looked at a lot of horses and I saw him and he was really correct and fit into my price range."

Mohit said he planned to stay in the horse business, "This has been unbelievable, but what makes it so hard to believe is that everyone is telling me that this will not happen again."

The sale continues through Thursday with sessions beginning at 11 a.m.

• Email
• Print
• Tweet