The North American yearling market continued to show strength Thursday as three colts brought final bids in excess of seven figures during the third session of Keeneland's September Yearling Sale. The day's average price rose 21.3% over the comparable session one year ago.
Opportunities were there at the Fasig-Tipton Texas yearling sale at Lone Star Park. Overall gross revenues, as well as the sale average and median prices increased during the two-day sale.
Top Prices (2nd Session), Top Sires, Consignors, Buyers (First 2 Sessions)
Top Prices (2nd Session), Top Sires, Consignors, Buyers (First 2 Sessions)
Wednesday began with a lot of questions for the Keeneland Association, mostly surrounding what effect the terrorist attacks in New York City and Washington, D.C. on Tuesday would have on resumption of the September Yearling Sale. By the end of the day, the sales company in Lexington, Ky. had gotten affirmation that the right decision had been made. There was competitive bidding between buyers from North America, Europe, and Middle Eastern countries during the session, which was highlighted by a Storm Cat colt sold for $6.4 million.
As Keeneland resumed its September Yearling Sale on Wednesday after a one-day postponement, the sales company announced establishment of a relief fund to assist those impacted by events in New York City and Washington, D.C.
Due to the plane attacks on the World Trade Center in New York, and reports of possible terrorist acts in Washington, D.C., the Keeneland Association postponed the Tuesday session of its September yearling sale and rescheduled it for Wednesday.
Powered by big-spending Maktoum family from Dubai, the Keeneland September yearling sale blasted off like a rocket on Sept. 10. The first of the auction's two select sessions established opening day records for average price and median. In addition, the second-most-expensive horse in the auction's history, a $5.5- million Storm Cat colt, was sold.
When the Keeneland September yearling sale starts its 13-day run on Monday, everyone will be anxious to see what effect the struggling American stock market and economic woes overseas will have on the largest auction for young Thoroughbreds in the world.
Because of September's large size and the diversity of its offerings, the Central Kentucky auction is the best barometer of the yearling market's health in North America.
Gross revenue and average price declined significantly at the Canadian Breeders Sales' select yearling auction at Woodbine on Tuesday. Colts by Sultry Song and Tale of the Cat brought $150,000 apiece to top the auction. (All figures involving money in this story are reported in Canadian dollars.)
A colt by Fit to Fight brought the top price of $105,000 at Washington Thoroughbred Breeders Association's summer yearling sale. The auction was held on Tuesday at the Morris J. Alhadeff Sales Pavilion at Emerald Downs.
Tuesday's final session of the two-day Texas summer yearling sale registered solid gains over last year's numbers, contributing to a negligible increase in cumulative revenue and a 7.8% rise in average for the entire sale.
With its marathon September yearling sale around the corner, Keeneland Association has announced changes in its Internet auction system.
A sharp rise in buybacks tempered a minimal increase in prices during the select portion of the opening day of the Texas summer yearling sale at Lone Star Park on Monday.
The average price didn't change much from a year ago, but the gross revenue and the median price were down significantly during the open portion of the Ocala Breeders' Sales Company's August yearling sale, which ended Friday in Central Florida after a four-day run. For all the open sessions combined, 686 horses were sold for a gross of $6,447,400, an average of $9,399, and a median of $5,000. The gross, average, and median were down by 13.2%, 2.5%, and 16.7% from a year ago when 771 yearlings were sold. The buy-back rate was 29.2%, up slightly from last year's rate of 28.1%.
A colt by End Sweep sold for $95,000 on Thursday to top the third open session of the Ocala Breeders' Sales Company's August yearling sale. Marion G. Montanari bought the bay colt out of the 8-year-old winning Smile mare Susie Smile, who is a half-sister to stakes winner Lady Summerhill (by Bold Ruckus). The colt was consigned by Cloverleaf Farms II, as agent.
A dramatic pinhooking score with a colt that sold for only $1,500 as a weanling was the highlight of the third day of the Ocala Breeders' Sales Company's August yearling auction. The son of Candy Stripes brought $170,000 to top Wednesday's open session.
A Diligence filly sold for $85,000 Tuesday to top the first open session of the Ocala Breeders' Sales Company's August yearling sale. New Jersey bloodstock agent Buzz Chace purchased the Florida-bred filly for William Lickle, a prominent owner of steeplechase horses. Lickle, according to Chace, is becoming increasingly interested in flat racing.
A colt by North America's leading first crop sire, Valid Expectations, brought the top price of $305,000 Monday during the select session of the Ocala Breeders' Sales Company's August yearling sale. Consigned by Kelli Mitchell for his breeders, Leland and Robert Ackerley, the colt was purchased by Satish and Anne Sanan's Padua Stables. The Sanans' daughter, Nadia, signed the ticket.
The annual Del Mar yearling sale set a record average price of $43,663 this week. The two-day sale at the Del Mar HorsePark sold 104 horses for a total $4,541,000. Monday's session was responsible for elevating the average price. Seven horses sold for $100,000 or more compared to five during last year's entire sale. Tuesday session was weaker overall, but still an improvement over last year's second session.
Seven horses sold for more than $100,000 during Monday's opening session of the two-day Del Mar yearling sale. Last year, five horses sold in this price range for the entire sale. The average price for the first session was $52,918, far above the sale's record average price of $36,798 set in 1999.
Business didn't boom at the Saratoga preferred yearling sale Sunday night. But there was enough buyer enthusiasm to generate small increases in the New York auction's gross revenue and average price.
As the first horse entered the ring for the final session of the Fasig-Tipton Saratoga yearling sale Thursday evening, the power went out. Auxiliary generators quickly restored the blacked-out conditions to the sales pavilion, but it was four big-priced horses in the ring as the evening progressed that knocked the lights out of all previous sale records for gross and average.
Fasig-Tipton's Saratoga yearling sale is on pace to break last year's all-time record average price of $305,847, defying the conventional wisdom that many observers took into this year's start of the yearling sale season in July. Wednesday's numbers were up 70% from the second night session's gross in 2000, the average was up 56%, and the median 29%.
If you look hard enough you can probably see a set of footprints embedded in the ground outside Barn 5 North at Fasig-Tipton's Saratoga sale complex. Those footprints belong to Bertram Linder, who for 43 consecutive years pounded his beat in front of that barn, selling not only yearlings, but a part of his very being.
The good times rolled at Saratoga Tuesday night, with prices during the opening session of the Fasig-Tipton select yearling sale exceeding last year's figures by significant amounts.
The nation's economy may be on the skids, but the mood in the Thoroughbred marketplace is upbeat. After stronger than expected results at Kentucky's July auctions, the action moves to Saratoga, where Fasig-Tipton will conduct the 81st edition of its select yearling sale beginning Tuesday night.
Arthur B. Hancock III's Stone Farm will offer its first consignment ever at Fasig-Tipton's Saratoga select yearling sale, which is scheduled to begin on Aug. 7 . It will be only the second time that a farm owned by the Hancock family has consigned horses to the auction since the early 1940s.
Keeneland has announced it will catalog 4,483 horses for its 13-day September Yearling Sale. That total includes 2,372 colts, 2,110 fillies, and one gelding.
Quotes from consignors, buyers, and sales company officials at the 2001 Keeneland July Selected Yearling sale
Reports of the death of the Keeneland July auction were premature; sale records highest average in its history
Uncertainty tinged with optimism permeated the Fasig-Tipton sale pavilion when the company's Kentucky select yearling sale began July 18.
Add Payson Stud to the list of farms consigning yearlings to the upcoming Fasig-Tipton New York Select yearling sale at Saratoga, as well as the Keeneland September and the October Fasig-Tipton yearling sale.
Fasig-Tipton Kentucky's selected yearling sale offered enough quality to keep buyers on the grounds until the very last hip. As a result, the sale average climbed 25.5% to $97,671 and the median jumped 27% to $71,000.
A $400,000 Saint Ballado colt is leading the Thursday session of Fasig-Tipton Kentucky's selected yearling sale. The session's top selling filly is a $300,000 daughter of Gulch.
Irish farm owner Paul Collins paid $625,000 for the top selling colt in Fasig-Tipton Kentucky's selected yearling sale in Lexington, Ky. The sale began strong with the average price jumping 34% to $97,402 compared with the opening session of 2000.
With the 2001 Keeneland summer sale in the history books, the yearling auction scene shifts cross-town today to Fasig-Tipton Kentucky, which has cataloged 427 yearlings for its Selected Summer Yearling Sale.
While only two of the six yearlings from the late Mr. Prospector's final crop of foals exceeded their reserve price, the two that did sell on Tuesday night in the final session of the Keeneland July select yearling sale pushed the legendary sire over the $200-million mark in career revenue for yearlings sold at public auction. With $5,500,000 in receipts at this year's July sale, the son of Raise a Native now has $202,884,728 in lifetime yearling sale revenue.
He was shut out on several big lots early at the second session of the Keeneland July sale Tuesday, but Reynolds Bell, bidding for Jayeff B Stable, got the one he really wanted, a Seeking the Gold filly named Scene Seeker. Bell actually dropped out of the bidding, but then jumped back in and secured the filly for $3.7 million.
For more than three hours Monday night, the Keeneland July yearling sale was beamed into the homes of people who can access the TV Games Network either on cable television or by satellite dish. It was somewhat of a breakthrough for the auction end of the business, which generally gets little exposure away from sale pavilions.
Taylor Made Farm stallion Saint Ballado sired the $4-million session topper on the Monday night opener to the Keeneland July select yearling sale, but Three Chimneys Farm's venerable Triple Crown winner Seattle Slew was leading sire by average on the evening, with two colts selling for an average price of $1,925,000.
A son of Saint Ballado brought a top price of $4-million during Monday's first session of the Keeneland July selected yearling sale in Lexington, Ky.
Walt Robertson does the two-step, as Fasig-Tipton president and auctioneer
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