Brisk Final Day for OBS August Yearling Sale
by Michael Compton
Date Posted: 8/22/2013 9:22:10 PM
Last Updated: 8/25/2013 2:27:29 PM
Hip 614, a colt by Midshipman, topped the final session of the sale, bringing $70,000.
An active third and final session of the Ocala Breeders' Sales Co.'s August yearling sale Aug. 22 in Ocala, Fla. fueled new sale open session records for average and median prices.
Buyer and seller confidence was high ahead of the three-day sale, and the optimism was justified in the sales ring.
For the two open sessions, 503 horses sold for a total of $8,418,200, compared with 405 head selling for $5,092,500 a year ago. The record average price of $16,736, up 33.1% from $12,574 in 2012, surpassed the previous mark of $12,758 set in 2004.
The median price of $13,000 was also a sale record, and that figure was up 52.9% from last year's record of $8,500. The buy-back percentage was 14.6%; it was 20.3% in 2012. All told, 22 horses sold for $50,000 or more compared with 11 last year.
"Looking back, we cataloged 1,151 horses in the 2009 book and sold 662 horses for $7.6 million," said Tom Ventura, OBS president. "We cataloged 841 horses this year and sold 646 for $16.1 million. We are obviously out of the doldrums and moving in the right direction.
"We're thankful everything was up," he added. "Among the significant figures that stand out to me is the buy-back percentage. While other economic indicators are on the rise, the buy-backs are sliding in the opposite direction, and that's what we want to see."
For the final session, 236 horses sold for $3,797,600, compared with 194 selling for a total of $2,176,900 at the corresponding session a year ago. The average price was $16,092, an increase of 43.4% from $11,221 in 2012. The median price escalated 46.9% from $8,000 last year to $11,750. The buy-back percentage was 17.8%; it was 21.1% last year.
"The open sessions were steady," said Richard Kent of Kaizen Sales. "It was good to see participation from a lot of different buyers. It's been easier to find new homes for the horses in this market. Just three or four years ago it was much more difficult."
The final day of the sale belonged to Sunshine State products.
Hip 614 topped the final session of the sale, bringing $70,000 from Hartley/DeRenzo Thoroughbreds. Consigned by Summerfield Sales (Francis and Barbara Vanlangendonck) and bred by Rick Sutherland, the Florida-bred colt by Midshipman is out of the Ghostzapper mare Ghostly Fast, a daughter of stakes winner Jena Jena.
Two Florida-bred colts were hammered down at $65,000. Hip 541, by Kantharos , went to Albert Davis. Named Yes Indeed, the colt was bred by the Vanlangendoncks and consigned under their Summerfield banner. Journeyman Bloodstock, agent, secured hip 515, a Wildcat Heir colt consigned by Red Sunset Farm, agent. Allen Amato and Mike Galinski bred the colt out of the stakes-placed Grand Slam mare Clandestine.
A pair of colts from the Summerfield consignment fetched $250,000 during the select session Aug. 20 to top the sale. Hip 75, a son of first-crop sire Concord Point sold to Nick de Meric, agent, and hip 113, by Scat Daddy , went to Zayat Stables with Patrice Miller of EQB Inc. signing the ticket.
Summerfield led all consignors during the open session, selling 54 head for $1,208,500. Beth Bayer ranked second with sales of $960,700 on 46 yearlings sold.
Nick de Meric, agent, was the open session leading buyer, spending $272,000 for five yearlings. Midwest Thoroughbreds followed, acquiring seven head for $259,000.
Next up on the OBS calendar is the fall mixed sale, slated for Oct. 15-16.
Copyright © 2014 The Blood-Horse, Inc. All Rights Reserved.