The Fasig-Tipton Midlantic December mixed sale ended on an upbeat note in Maryland on Tuesday, with modest increases in its average and median prices. However, a significant decrease in the number of horses sold produced a decline in gross revenue.
The Tattersalls December breeding stock sale got off to a fast start in England on Monday, with the gross revenue and average price both exceeding last year's first session figures. Tattersalls reported that 194 horses were sold for a total of 8,227,400 guineas, an average of 42,667 guineas, and a median price of 20,000 guineas. The gross and average were up by 28.6% and 27.4%, respectively, from 2000. The median fell by 4.8%.
The Tattersalls December foal auction ended on Saturday in England with a record average of 26,400 guineas. The 514 horses sold grossed $13,569,750 guineas. The median was 11,000 guineas.
The stakes-producing mare Buckles and Kinks sold for $90,000 on Sunday to top the first session of the Fasig-Tipton Midlantic December mixed sale in Timonium, Md. Edward F. Schuler purchased the 7-year-old daughter of Waquoit from Walnut Green, agent for the estate of Nancy L. Bayard.
A yearling colt by Devil's Bag sold to Bill Feeley of Roscoe, Mont., for $37,000 to top the Washington Thoroughbred Breeders Association's winter mixed sale on Sunday. Produced from the 10-year-old Greinton mare No Extra Charge, the chestnut colt is a half-brother to Melcapwalker (by Skywalker), winner of this year's Emerald Express Stakes at Emerald Downs. The consignor was Bella Bloodstock, who was acting on the behalf of Northwest Farms.
A full sister to classic winner Galileo sold for 1.1 million guineas ($1,648,300) to John Magnier Friday at Tattersalls December foal sale.
Most commercial breeders peering into a crystal ball in 1999 saw nothing but blue skies. However, as are the rules, planning out two or three years ahead can prove to be a tricky game. Breeders selling weanlings from first-crop sires in 2001 have experienced more than a little turbulence from the time they planned their 2000 matings to when they brought their crop to market at last month's major breeding stock sales.
After a two-day meeting in Lexington, Ky., the American Graded Stakes Committee on Thursday released the list of stakes races that will have graded status in 2002. As a result of the committee's review, which uses a five-year formula to assess races and assign graded status, there is a net gain of eight graded races in 2002, bringing to 486 the number of races assigned graded status from the 751 eligible races.
An Irish bloodstock agent and his British client continue racking up defaults at major sale companies around the globe. British businessman Bobby Killoran has defaulted on six yearlings bought for $1.12 million through Agence Francaise in August. Killoran has failed to pay for more than $4.6 million worth of horses bought at Keeneland, Fasig-Tipton, and Tattersalls since July. All the horses were bought by agent and former jockey Paul Collins.
Members of the National Association of Two-Year-Old Consignors met Monday night in Ocala, Fla., to discuss 2002 objectives, review the accomplishments made by the organization in 2001, and to elect new board members.
The Keeneland November breeding stock sale produced few surprises. Everybody knew that business was going to be down, and, as expected, the declines were steep in virtually every statistical category. Gross revenue plummeted 40.5%. The average price dropped 22.5%. And the median fell 23.1%.
Keeneland's 2002 January horses of all ages sale will be 30% smaller than it was in 2001. The catalogue has 1,392 lots compared to this year's record total of 1,992. The auction's 2002 edition will run for four days, Jan. 7-10. In 2001, the sale was six days long.
The Keeneland November breeding stock sale used to be one of the Thoroughbred marketplace's strongest performers. Two years ago, the auction established a world record for gross revenue and sold more horses than ever before. Last year, it offered the largest catalogue in its history, set a new November standard for average price, and erased all existing Keeneland marks for single session gross and the number of horses sold for seven-figure prices. But those days of glory are over now.
Prospective foal insurance used to be about the new owner of a pregnant broodmare protecting his investment after the purchase. At this year's Keeneland November breeding stock sale, insurance coverage became an incentive to buy the mare in the first place.
Fasig-Tipton has catalogued 212 horses for the Dec. 9 mixed sale at Lone Star Park in Grand Prairie, Texas.
Keeneland's online version of its November breeding stock sale will begin Nov. 18 at 9 a.m.. Some horses have already been entered in the sale with more entries expected today and Friday. Bidding starts closing hip-by-hip on
Swiftly Classic, a 4-year-old mare who is pregnant to Old Trieste, brought $145,000 to top Monday's session of Keeneland's November Breeding Stock Sale.
In a continuing effort to raise funds for the relief effort tied to the terrorist attacks of Sept. 11, the National Thoroughbred Racing Association held an auction to benefit its New York Heroes Fund following the annual Stallion Access fall sale Nov. 9 at Fasig-Tipton Kentucky's Newtown Paddocks.
A 2002 no-guarantee season to Danzig brought the top price of $260,000 to headline the Stallion Access auction at Fasig-Tipton Kentucky's Newtown Paddocks on Nov. 9.
A weanling full sister to 2000 Horse of the Year and two-time Breeders' Cup Classic (gr. I) winner Tiznow sold for $950,000 early during Saturday's session of the Keeneland November breeding stock sale.
Hugo Merry Bloodstock paid a top price of $220,000 for a 6-year-old broodmare by Irish River during Friday's session of Keeneland's November Breeding Stock Sale.
The annual sale of broodmares from Frank Stronach's Adena Springs Farm was held at Fasig-Tipton Kentucky Thursday night, with the top price of $225,000 paid by J. S. McDonald for Twist a Lime, a 9-year-old Copelan mare in foal to Touch Gold.
After a drastic downturn Monday from the comparable session one year ago, the Keeneland November Breeding Stock Sale rebounded Tuesday as the second day average and median were more closely in line with the comparable day one year ago.
The market didn't collapse during the first session of the Keeneland November breeding stock sale. But it was clear from the early results the auction would not keep pace with last year's edition, which established a November record for average price and piled up gross revenues of more than $300 million for the second time in its history.
A 2002 nomination to leading sire Storm Cat was purchased by WinStar Farms for $450,000 during Monday's Keeneland November Breeding Stock Sale. The no-guarantee season was tacked onto the end of the Monday session after W. T. Young's Overbrook Farm donated the season to benefit the American Red Cross.
Fasig-Tipton's November select mixed sale suffered significant declines in gross revenue and average price Sunday night in Central Kentucky. But not all the news was bad. The median increased, indicating a more healthy middle market. And the buy-back rate, while high, rose hardly at all from 2000.
How do horsemen feel about the long-term health of the Thoroughbred market? The mixed sales in Central Kentucky should provide some answers. Broodmares and broodmare prospects, which represent investments in the future, make up the bulk of the offerings along with weanlings, who are more than a year away from generating any money at the racetrack.
The Tattersalls Autumn Horses-in-Training sale concluded Thursday with the second highest sale aggregate ever.
The middle market held steady and the number sold rose, but the Barretts October mixed sale experienced decreases gross revenue and average price from a year ago.
Piazza Di Spagna, winner of the Inside Information Stakes on grass at Monmouth Park in July, sold for $70,000 to top the Fasig-Tipton horses of racing age sale at Belmont Park on Tuesday. Bred in Chile, the 5-year-old daughter of Great Regent was purchased by Eb Novak's New Farm from trainer Rene Araya, who raced the mare in partnership with Todd Liebman and Robert Van Ostrand.
Lady Cara, a 3-year-old winning daughter of Prized, brought the top price of $42,000 at the Barretts October mixed sale in Southern California on Monday. She was purchased by StanleyFulton from Havens Bloodstock Agency, agent for J.Z. Stock Farm.
The Fasig-Tipton Sales Co. is returning to Canada. After a 12-year hiatus, the Lexington-based company has been asked to run the annual yearling sale at Woodbine Racetrack. Canadian Thoroughbred industry leaders hope the change will bring some stability and growth to the breeding and sales markets.
Recent research indicates that endoscopic examination of yearlings can help determine their eventual racing success. However, research also showed certain abnormalities that in the past were considered indicators of poor performance were not predictive of actual athletic performance in the adult horse.
Second-day momentum at Fasig-Tipton's Kentucky October yearling sale helped deliver some statistical gains over last year's significantly larger edition.
Gross sales, average price, and median price all dropped during Monday's opening session of the Fasig-Tipton Kentucky Fall Yearling sale. The session's top-selling colt by Unbridled out of Debit My Account sold for $360,000.
The Tattersalls October yearling sale, which ended on Saturday in England, suffered across-the-board declines. At the completion of the five-day sale, 749 yearlings had been sold for a gross of 26,055,700 guineas, an average of 34,787 guineas, and a median of 21,000 guineas. All those figures were down from last year, when 776 horses sold for a gross of 32,256,200 guineas, an average of 41,567 guineas, and a median of 26,000 guineas.
A new record price of 475,000 guineas was set during the morning session of Day 3 of the Tattersalls October Yearling Sale when Charlie Gordon-Watson outbid John Ferguson for the bay filly by Danehill out of Mythical Creek.
Day two of the Tattersalls October Yearling Sale saw 12 lots make 100,000 guineas or more and the average break 30,000 guineas for only the second time on a Wednesday session.
James E. (Ted) Bassett III, who has helped lead the Keeneland Association for the past 33 years, retired as chairman of the board Wednesday morning at the Keeneland board of directors meeting.
A Pleasant Colony colt, who is a half-brother to Del Mar Futurity (gr. II) winner Forest Camp, sold for $400,000 Tuesday during the final session of the Keeneland October yearling sale.
An A.P. Indy colt, who is a half-brother to multiple stakes winner Don't Read My Lips, brought the top price of $140,000 Monday during the first session of the Keeneland October yearling sale.
A $105,000 Quiet American colt was the top seller as of 2 p.m. (EDT) Monday during the first session of the Keeneland October yearling sale. Consigned by Mill Ridge Sales, agent, he was purchased by Florida pinhooker Becky Thomas, who plans to resell him at an auction of 2-year-olds in training next year.
Two U.S.-bred juveniles brought the top prices at Saturday's Pearls of Dubai sale at the Dubai World Cup Quarantine Center in the United Arab Emirates.
British contractor Robert Killoran has defaulted on 10 summer yearlings purchases worth more than $3.3 million. The Keeneland Association filed a lawsuit against Killoran Tuesday, and the Fasig-Tipton sales company intends to sue.
The Ocala Breeders' Sales Company's fall mixed sale ended on Thursday with big declines from a year ago. The figures for the auction's four sessions combined were 838 horses sold for a gross of $6,210,700, and an average price of $7,411. The number sold and gross were down by 24.3% and 56.3%, respectively, and the average was down by 42.3%. In 2000, the 1,107 horses sold grossed $14,223,600 and averaged $12,849.
Herbs and Spices, a 19-year-old mare by Relaunch, brought a final bid of $39,000 on Wednesday to top the first of two open sessions during the Ocala Breeders' Sales Company's fall mixed sale in Central Florida. Gregerson Enterprises bought the 19-year-old mare, who is in foal to champion and dual classic winner Silver Charm.
Demi O'Byrne outbid Sheikh Hamdan Al Maktoum and Dick Mulhall of Thoroughbred Corporation to acquire a Danehill colt for IRE£2,100,000 (about $2,437,402) to top the Goffs Orby yearling sale that concluded in Ireland on Wednesday.
Tactical Move , a stakes-winning daughter of Tactical Advantage, brought the top price of $63,000 Tuesday during the second of two preferred sessions at the Ocala Breeders' Sales Company's fall mixed auction in Central Florida. The 5-year-old mare, who is in foal to Commitisize, was purchased by Kentucky-based Dapple Bloodstock, agent, from Wycombe House Stud, agent.
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