A Medaglia d'Oro colt brought the sale-topping price of $275,000 as the Fasig-Tipton New York-bred preferred yearling auction ended its two-night run Aug. 16 in Saratoga Springs, N.Y, well behind last year's record-setting pace. Trainer Seth Benzel, agent for Whitehall Stable, purchased the bay yearling. James Pippo is the president of Whitehall, which puts together racing partnerships.
The Fasig-Tipton New York-bred preferred yearling sale got off to a rocky start Aug. 15 in Saratoga Springs, N.Y. The gross revenue dropped 41.7% from a year ago while the average and median prices both plunged 47.1%. The buy-back rate was 54.3% compared to 52.5% in 2008.
Fasig-Tipton reversed the negative business trends seen at Thoroughbred auctions this year at its recent Saratoga select yearling sale, where the gross revenue, average price, and median price all enjoyed significant upswings from 2008. The second and final auction on the company's upstate New York calendar is the New York-bred preferred yearling auction, which will be held Aug. 15 and 16. Each session will start at 7 p.m. (EDT).
Eddie Maple, who retired as a jockey 11 years ago, doesn't have a lot of time to sit and reminisce. He and his wife, Kate, are always on the go, managing two bustling equestrian centers on plantations in Bluffton, S.C., which is located near the popular Hilton Head Island beach resort.
The Oklahoma City yearling sale, scheduled for Aug. 24 in Oklahoma, has 113 horses in its catalog, including a close relative to the $2.8-million Storm Cat – Onaga colt that topped the recent Fasig-Tipton Saratoga select yearling auction. The yearling, by Storm Cat's grandson Lion Heart, is out of a full sister to Onaga, according to the auction's sales manager, Terri Carter.
Fasig-Tipton officials worked hard, and Sheikh Mohammed shopped hard. The end result was a soaring Saratoga select yearling sale that provided its participants with a brief, two-evening respite from all the bad news generated by a struggling Thoroughbred industry that is reeling from a global financial crisis and its own internal problems. In a performance most unusual in these difficult economic times, the auction enjoyed upswings from 2008 of 45.6% in gross revenue, 11.1% in average price, and 9.9% in median price.
"I've never seen anything like this," said Holly Bandoroff of Denali Stud of a bizarre incident that involved a well-bred dark bay or brown filly, a bald man in a plaid shirt, at least three Fasig-Tipton officials, and several policemen during the second and final session of the Fasig-Tipton Saratoga select yearling sale in New York Aug. 11.
Boosted by the Sheikh Mohammed stimulus package, the Fasig-Tipton Saratoga select yearling sale got off to a sizzling start Aug. 10 in New York at a time when the struggling economy is causing prices to fall at other Thoroughbred auctions. The gross revenue for the 76 horses that sold was $25,470,000, which was a whopping 40.3% increase from the opening session a year ago. The average price grew 10.7% to $335,132, and the median price increased 6.4% to $250,000.
A muscular bay son of first-crop sire and champion Bernardini became the first horse to command seven figures Aug. 10 during the opening session of the Fasig-Tipton Saratoga select yearling auction, bringing $1.2 million from Sheikh Mohammed.
Sheikh Mohammed, the world's biggest Thoroughbred auction spender, inspected yearlings consigned to the Fasig-Tipton Saratoga select yearling sale the morning of Aug. 10, just hours before the 6 p.m. (EDT) start of the New York auction. As a light rain fell, the ruler of Dubai looked at some horses while standing under the cover of the new walking ring. He previously had visited the Fasig-Tipton sale grounds early in the evening on Aug. 9.
Buyers and consignors were upbeat as they prepared for the Aug. 10 start of the two-night Fasig-Tipton Saratoga select yearling sale in New York.
Here is a list of horses that buyers and consignors believed could bring high prices during the second session of the Fasig-Tipton Saratoga select yearling sale Aug. 11 in New York.
Here is a list of horses that consignors and buyers thought had the potential to bring high prices during the first session of the Fasig-Tipton Saratoga select yearling auction in New York Aug. 10.
Read what buyers and consignors had to say Aug. 9, the day before the start of the Fasig-Tipton Saratoga select yearling sale in New York.
The unemployment rate is down; more homes are being sold; the stock market is on the upswing; and some companies that were hit hard by a plunging economy are starting to make money again. With the recession showing signs of easing, is a rebound in the Thoroughbred marketplace on the horizon?
The Fasig-Tipton Saratoga select yearling sale will have a touch of the exotic this year with a colt by Encosta de Lago among its offerings. Encosta de Lago was the leading sire in Australia for 2008/2009, and his offspring generate bidding frenzies when they're sold Down Under. But will buyers at Saratoga be interested when they have a chance to buy one of the stallion's sons Aug. 11, during the second session of the New York auction?
Sam-Son Farm, one of Canada's most successful Thoroughbred breeding and racing operations, will have a consignment at the Fasig-Tipton Saratoga select yearling auction, Aug. 10 and 11, in New York. The five horses cataloged include an A.P. Indy colt that is a full brother to Canadian champion Catch the Thrill and a Giant's Causeway filly that is from the family of Eclipse Award winner and Canadian Horse of the Year and Triple Crown winner Dance Smartly.
The number of horses cataloged to the 2009 Keeneland September yearling sale fell 6.6%, from an all-time high of 5,555 for the auction last year to 5,189. According to Geoffrey Russell, Keeneland's director of the sales, the weakening of the Thoroughbred market in general -- because of problems within the horse industry and economic difficulties around the world -- was an important factor in the decline.
When jockey Rajiv Maragh eased Godolphin Racing's Seventh Street back into an ideal stalking position in the Ogden Phipps Handicap (gr. I) on June 13 at Belmont Park, he didn't expect two other horses owned by the ruling Maktoum family of Dubai, Godolphin Racing's Music Note and Darley Stable's Sea Chanter, to charge up and force a furious pace.
Favored Hot Dixie Chick showed she was more than a speed freak in the $111,000 Schuylerville Stakes (gr. III), rating patiently just off the pace before grabbing the lead and then pulling away to a 6 1/4 length victory July 29, the opening day of the Saratoga meeting in upstate New York.
The Thoroughbred Legends Racing Stable, one of the biggest spenders at the 2008 yearling auctions, got its first winner July 25 when Tiny Woods defeated Sidney's Candy by a head in a maiden special weight race at Del Mar in California. It was Tiny Woods' career debut.
The Fasig-Tipton July select yearling sale, held July 20-21 in Lexington, ended with significant setbacks in gross revenue, average price, and median price, but managed to lower its buy-back rate from a year ago slighty. Read what sale company officials and sale participants had to say about the market.
Golden Act, a 4-year-old Tale of the Cat filly, brought Aust$52,000 (approximately $42,526) to top the Magic Millions Perth winter Thoroughbred sale July 26 in Australia. Glenn Martin purchased Golden Act from the Peters Investments reduction.
BC3 Thoroughbreds, the yearling-to-juvenile pinhooking venture that is best known for selling grade I winner Brother Derek, has broadened its horizons. Started by Utah horsemen John Brocklebank and Shane Chipman, BC3 has an ambitious plan to buy and resell young horses in this country, Australia, and Asia.
"You can call it a midlife crisis or whatever you want, but it's the best thing I've ever done," said pinhooker Murray Smith of her move earlier this year to Southern California from the Ocala area in Central Florida.
Florida pinhooker Randy Hartley is training a string of horses in Southern California, but he will continue to be involved in reselling juveniles purchased as yearlings or weanlings though Hartley/De Renzo Thoroughbreds.
Fasig-Tipton's July select yearling sale ended with a bang instead of a whimper in Lexington, getting a boost from the progeny of the hot stallion Medaglia d'Oro. Even though the key business figures were down from the previous year, the final day produced the auction's highest price and results that were stronger than the opening day's statistics.
The declines were in line with expectations during the opening session of the Fasig-Tipton July select yearling sale. Buyers and consignors had predicted the market would be down significantly, and there were no surprises July 20 in Lexington.
Even though the stock market has been enjoying a recent rally, buyers and sellers of young horses aren't expecting a similar rebound in yearling prices. Heading into the Fasig-Tipton Kentucky July select auction, which kicks off the 2009 yearling selling season, some people were predicting further downturns of 30% or more in key business figures, mainly because the health of the overall economy, here and abroad, remains weak.
This is a list of horses that consignors and buyers consider to be among the top prospects during the first session of the Fasig-Tipton Kentucky July select yearling sale July 20 in Lexington.
This is a list of horses that buyers and consignors considered to be among the top prospects during the second session of the Fasig-Tipton Kentucky July select yearling sale July 21 in Lexington.
Launching a new business venture in the midst of a global financial crisis would be a daunting task for most people, but the connections of several new consignments at the Fasig-Tipton Kentucky select yearling auction seemed eager to take on the challenge the weekend before the sale's July 20 start.
Sandy Stuart is the new director of sales for Bluegrass Thoroughbred Services, and he's finding out what it's like being in charge of a consignment for the first time at the Fasig-Tipton Kentucky July select yearling auction in Lexington.
Read what people have been saying about their expectations for the Fasig-Tipton July select yearling sale, which is scheduled for July 20 and 21 in Lexington.
El Prado, who has sired 74 stakes winners, including the hot young stallion Medaglia d'Oro, experienced declining fertility during the 2009 breeding season, but will continue to cover mares in 2010 if he remains healthy, according to Eric Hamelback, who is the general manager of Frank Stronach's Adena Springs operation near Paris, Ky.
Wildcat Heir, who was fast enough to win the six-furlong Frank J. De Francis Memorial Dash Stakes (gr. I) in 2004, is getting off to a fast start as a stallion in 2009. As of July 17, there were already 11 winners in the first crop sired by the 9-year-old Forest Wildcat horse, which stands at Brent and Crystal Fernung's Journeyman Stud near Ocala, Fla.
Rene Douglas, who was seriously injured in a May 23 riding mishap at Arlington Park in Illinois, continues to undergo rehabilitation following his injury.
Fasig-Tipton has cataloged 235 horses for its New York-bred preferred yearling sale, which will be held the evenings of Aug. 15 and 16 in Saratoga Springs, N.Y. The number is up 3.5% from last year's total of 227.
Santa Anita Park has created a "Bobby Frankel Get Well Soon!!!" group on the Internet social networking site Facebook.
Fasig-Tipton and Keeneland executives are raising questions about the the Society of International Thoroughbred Auctioneers' new guidlelines for older mares and barren mares, saying the policies they had agreed to support differed on one key point from what has appeared in recent published reports.
What will the yearling selling season of 2009 be like? A story with comments from a variety of auction participants appeared in the June 27 edition of The Blood-Horse and also was published on the magazine's Web site: www.bloodhorse.com. Now, two more people, Lincoln Collins and Craig Bandoroff, weigh in on the subject.
Fasig-Tipton has cataloged 235 horses for its Saratoga select yearling auction, which will be held Aug. 10-11 in upstate New York. The number is up 20.5% from a year ago, when there were 195 yearlings listed in the book.
As the 2009 yearling selling season approaches, the global financial situation continues to remain grim and nobody is really sure how much the demand for young horses will be impacted. To provide some insights, yearling auction participants discussed their plans and expectations with The Blood-Horse.
Passage of legislation that would allow video lottery terminals at Kentucky racetracks would provide a boost to the state's yearling auctions later this year, according to Brereton Jones of Airdrie Stud.
The Magic Millions national sale ended June 11 on Australia's Gold Coast with the final session for the yearling portion of the auction and a session for racehorses.
Fasig-Tipton has cataloged 494 horses for its Kentucky July select yearling auction. The number is down 13% from last year's total of 568.
Trainer John Wallace purchased the two highest-priced lots June 9 during the opening session of the Magic Millions national yearling sale on Australia's Gold Coast. He went to Aust$220,000 (approximately $173,991) to secure a Flying Spur Graceful Lily colt, which was consigned by Vinery Stud. He also purchased an Encosta de Lago Major Drama filly for Aust$145,000 ($114,676) from Coolmore Stud.
The Yonaguska half-brother to Kentucky Derby Presented by Yum! Brands (gr. I) winner Mine That Bird, which brought $485,000 from Dogwood Stable president Cot Campbell at the recent Fasig-Tipton Midlantic sale of 2-year-olds in training, will be raced in partnership by Dogwood and Paul Saylor.
The dispersal of late Jack Dreyfus' Hobeau Farm's horses started at the recent Fasig-Tipton Midlantic sale of 2-year-olds in training in Maryland. Cary Frommer, as agent, sold four of the operation's juveniles for $1,028,000. They included a Tapit colt named Tashop that set a record for a horse sold at public auction in Maryland with his $850,000 price.
Cary Frommer, a Georgia-based pinhooker who is moving to South Carolina soon, was the leading consignor at the recent Fasig-Tipton Midlantic sale of 2-year-olds in training in Maryland. She sold 19 of the 22 horses she offered for $1,850,500.
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