OBS January Sale's Average Rises 35.5%
The Ocala Breeders’ Sales Co. winter mixed sale enjoyed significant upswings in its key business figures from a year ago during its latest edition, which ended Jan. 19 in Central Florida.
The number of horses sold during the auction’s two-day run increased 7.7% to 308. The gross revenue grew 45.9% to $2,375,000. The average price advanced 35.5% to $7,711. And the median price soared 57.9% to $4,500.
The buy-back rate, meanwhile, fell to 30.6% from 32.7% in 2010.
“It was nice to see the numbers move in a positive direction,” said Tom Ventura, the general manager and director of sales for OBS. “Based on the last few sales down here and in Kentucky, at least you have a pretty good indication that we’ve hit the bottom and now we’re kind of crawling our way out of the hole. We’re coming off of a couple of tough years, so we’re glad to see that we’re moving in the right direction, but we’re certainly a long way from the highs of the past.”
Trisha, a 4-year-old unraced daughter of Forest Camp, brought the the top price of $47,000 during an open session on the auction’s last day. Michael Sucher purchased her from Francis and Barbara Vanlangendonck’s Summerfield sales agency, agent.
Produced from the Sharkey mare Trisha Runs, who captured the 2002 Prairie Rose Stakes at Prairie Meadows (now Prairie Meadows Racetrack and Casino), Trisha is in foal to Congrats , 2010’s leading first crop sire by progeny earnings, and is carrying her first offspring.
The final day’s results included a gross of $916,600 for the 191 horses that were sold. The average was $4,799 and the median was $3,000.
Compared to last year, the number sold fell 1.5%, but the gross rose 26%. The average and median increased 28% and 50%, respectively.
The buy-back rate was 32%, down slightly from 32.4% in 2010.
“There was solid demand for the quality horses, especially the good-looking yearlings by Congrats,” Ventura said. “He is very popular now and deservedly so. The people who bred to him two years ago have been rewarded for it. You still have to have a good-looking baby, and there weren’t very many (Congrats offspring) to pick from at this sale. I saw the three Congrats yearlings that sold here and they were all well-conformed horses. There were two colts and a filly. The one colt (out of the winning Salt Lake mare Toasttofriendship) that topped the sale at $100,000 (during the first day’s consignor preferred session) was a standout physically. The other two were very nice horses as well. One of them brought $40,000 and the other one brought $48,000.”
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