Veteran agents Barry Berkelhammer and Bob Feld team to form new bloodstock business.
Several consignors make predictions about the market's performance.
Company president Boyd Browning says catalog is one of the strongest Fasig-Tipton has ever put together for a juvenile auction.
A Tiger Ridge colt named Hollywood Ridge brought R500,000 ($68,502) to top the second day of the Emperors Palace national sale of 2-year-olds in South Africa Aug. 15. Laird Racing Stable purchased the juvenile from Ascot Stud.
Trainer Dominic Zaki and his patrons were the keenest buyers Aug. 14 during a surprisingly lively first session of the Emperors Palace national sale of 2-year-olds held in South Africa the TBA Sales Complex in Gosforth Park. Zaki secured the two top lots, helping to boost the gross revenue to R8.37 million ($1,044,519 in U.S. funds), an increases from last year's R8.2 million. The average price of R82,871 ($10,342) was up 3% from 2008.
Trainer Wesley Ward answers questions about his success at Royal Ascot, training 2-year olds, and more. Transcript Now Available!
In keeping with most other sales this year of 2-year-olds in training, the Ocala Breeders' Sale Co. ended its two day June sale June 17 with decreases in all major indices.
Sellers of yearlings in Britain and Ireland are working to put together a bonus fund worth £2-million (approximately $3,269,400 in U.S. funds) for the connections of nominated horses that win maiden races next year for 2-year-olds. Each bonus will be worth £10,000 ($16,347), and it is hoped that up to 200 races will be supported. Some of the bonus money also will be made available to 3-year-olds.
The Ocala Breeders' Sales Co. has cataloged 513 juveniles and 27 older Thoroughbreds for its June sale of 2-year-olds in training and horses of racing age. The auction will be held in Central Florida June 16 and 17, with each session starting at 10:30 a.m. (EDT).
Six 2-year-olds breezed an eighth of a mile in :10 flat May 8, the second workout day for the May 11 Barretts sale in Southern California.
A colt by Sky Mesa and a colt by Five Star Day each worked an eighth of a mile in 9 4/5 May 7, the fastest times at the first preview day for the May 11 Barretts sale of 2-year-olds in training in California.
The Ocala Breeders' Sales Co. spring sale of 2-year-olds in training, which ended its four-day run April 23 in Central Florida, turned in one of the best performances for a Thoroughbred auction this year even though it suffered setbacks in several of its key business figures. Compared to 2008, the number of horses sold rose 4.7% while the gross revenue fell 10.7%. The average price declined 14.7%, and the median price dropped 16.7%.
The Ocala Breeders' Sales Co. spring sale of 2-year-olds in training, which is the largest auction of the juvenile selling season, opens April 20 in Central Florida. There are 1,389 horses cataloged for the sale's four-day run.
Morning Price, who is a member of the Holy Bull stallion Bull Market's first crop, worked a quarter mile in :20 2/5 April 17 during the third session of the under tack show for the Ocala Breeders' Sales Co. spring sale of 2-year-olds in training in Central Florida. It was the day's fastest time for the distance.
A son of Omega Code breezed an eighth of a mile in :9 4/5 April 15 during the first session of the under tack show for the Ocala Breeders' Sales Co. spring sale of 2-year-olds in training in Central Florida. It was the fastest work for the distance.
The Keeneland April sale of 2-year-olds in training was the fifth and final major select juvenile auction of the year, and its results followed the downward trends seen at the earlier sales. Read what buyers and consignors had to say about the market in Lexington April 6 and 7.
Vallenzeri, who set a world Thoroughbred auction record last year as a $7.7-million buy-back, finally found a new home as the Keeneland sale of 2-year-olds in training opened in Lexington April 6.
Keeneland's April auction is the year's fifth and final major sale of 2-year-olds in training. The results for the previous auctions have been sobering, and most consignors are expecting to have a tough time again getting the prices they want for their horses April 6 and 7 in Lexington.
The Ocala Breeders' Sales Co. has cataloged 1,389 horses for the spring sale of 2-year-olds in training, which will be held April 20-23 in Central Florida. Each session will start at 10:30 a.m. (EDT).
Will Vallenzeri find a new home this time around? It won't take long to find out because the chestnut colt is Hip No. 22 in the Keeneland sale of 2-year-olds in training. He probably will go through the sale ring during the first hour of the auction's April 6 opening session, which begins at 7 p.m. (EDT).
This is a list of colts and fillies that their consignors believe could impress buyers shopping during the April 6 first session of the Keeneland sale of 2-year-olds in training in Lexington.
This is a list of colts and fillies that their consignors believe could impress buyers shopping during the April 7 second session of the Keeneland sale of 2-year-olds in training in Lexington.
In what has been a tough, grin-and-bear-it kind of year for sellers of 2-year-olds, Mike Akers of Dapple Bloodstock got a break from the bad news April 2 in Lexington. A son of Songandaprayer, which Dapple had purchased for $110,000 at last year's Fasig-Tipton Midlantic Easter Fall yearling sale, turned in the fastest work at an eighth of a mile during the under tack show for the Keeneland juvenile auction. The dark bay or brown colt covered the distance in :9 4/5 over Keeneland's Polytrack surface.
This is a list of horses to keep an eye on during the April 7 second session of the Keeneland sale of 2-year-olds in training in Lexington:
Vallenzeri set a world Thoroughbred auction record last year as a $7.7-million buy-back at the Keeneland September yearling sale. He's back at Keeneland trying to find a new home again, this time as Hip No. 22 in the April sale of 2-year-olds in training.
The performance of the Fasig-Tipton Texas sale of 2-year-olds in training March 31 exceeded expectations when the average price held steady amidst tumbling figures at juvenile auctions across the country. The sale was held at Lone Star Park.
HRTV will provide live coverage of Keeneland's sale of 2-year-olds in training, which is scheduled for April 6 and 7 in Lexington. Sessions begin each evening at 7 p.m. (EDT).
With sale prices unsteady across the country, the juvenile market in the Southwest will be tested for the first time this year during the Fasig-Tipton Texas 2-year-olds in training sale March 31.
Even though the market for 2-year-olds in training has been tough, Ciaran and Amy Dunne of Florida-based Wavertree Stables have two big reasons to celebrate. Wavertree-consigned horses topped both the Fasig-Tipton Florida select auction and the Barretts March sale.
When sale company officials, consignors, and buyers analyzed the Thoroughbred marketplace in the past, they often mentioned how well demand for the most expensive horses was holding up. But during the latest economic downturn, which has sparked financial crises around the world, even the top of the market is taking a pounding based on the combined results for the first four major select sales of 2-year-olds in training.
Taylor's Tiger, a bay son of Roar of the Tiger, brought $77,000 to top the John Franks Memorial sale of 2-year-olds in training March 22 at Evangeline Downs Racetrack & Casino in Louisiana. Midwest Thoroughbred purchased the Louisiana-bred colt from Southwind Farm.
The Ocala Breeders' Sales Co. March select sale of 2-year-olds in training suffered downturns of 30% or more in its gross revenue, average price, and median price after posting all-time highs for those figures in 2008. Here's what people had to say about the market at the auction, which was held March 17 and 18 in Central Florida.
Leprechaun Racing's Mike Mulligan, who suffered a fractured skull in a fall following the March 3 Fasig-Tipton Florida March select sale of 2-year-olds in training, is fully conscious and spoke to his wife on the phone March 18 during the second and final session of the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training.
As Leprechaun Racing's Mike Mulligan recuperated from a fractured skull in a South Florida hospital, his friends and associates in the Thoroughbred business reached out to offer support. Participants in the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training wore green rubber bracelets decorated with shamrocks and pitched in to help Mulligan's wife, Britt, at the Leprechaun consignment. They also held a prayer service prior to the March 17 opening session of the auction.
A smooth-striding Grand Slam colt brought $400,000 early in the afternoon during the first session of the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training.
The Adena Springs sale of 2-year-olds in training bucked the downward trend in the Thoroughbred marketplace in one important statistical category. The median price rose 28.6% from a year ago during the eighth edition of the auction, which was held March 16 at Adena Springs South near Williston, Fla.
The Ocala Breeders' Sales Co. March select juvenile auction "will be as good as a 2-year-old sale can be this year," according to Tom Ventura.
The catalog for the Adena Springs sale of 2-year-olds in training is smaller this year when compared to 2008. But the auction is "full of quality," according to Mark Roberts, the manager of Adena Springs South in Williston, Fla., where the sale will be held March 16, beginning at 4:30 p.m. (EDT).
Here is a list of horses to keep an eye on during the March 16 first session of the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training in Central Florida:
A More Than Ready colt was the fastest worker at an eighth of a mile March 13 during the second session of the under tack show for the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training in Central Florida. He covered the distance in :9 3/5.
Fasig-Tipton will fine nine consignors because the riders of their horses misused their riding crops during the Feb. 27 under tack show for the Florida select sale of 2-year-olds in training at Calder Race Course.
With prices tumbling at the early select sales of 2-year-olds in training, pinhookers, who provide most of the stock for the auctions, already are thinking about how they are going to approach their next buying-and-selling cycle. It's not good news for yearling consignors because, in general, pinhookers plan to be much less aggressive when buying young horses later this year.
Fasig-Tipton has cataloged 237 horses for its Texas sale of 2-year-olds in training. The auction is scheduled for March 31 at Lone Star Park. The under tack show will be held at Lone Star March 29.
Uniform policies that restrict use of a riding crop in under tack shows for 2-year-olds in training had a significant effect on riders' actions at the preview for the Fasig-Tipton Florida select juvenile auction, according to Fasig-Tipton director of marketing Terence Collier.
Barretts is offering a trimmer catalog for its 2009 March select sale of 2-year-olds in training, which is in line with the belt-tightening mood throughout the country. The Southern California auction company has cataloged 124 horses for its March 10 auction, down from 191 in the 2008 book.
The under tack show for the Ocala Breeders' Sales Company's March select sale of 2-year-olds in training will begin at 9 a.m. (EDT) instead of 8 a.m., as previously scheduled, because of the recent switch to Daylight Savings Time. The first session of the show is set for March 12 (Hip Nos. 1-260), and the second session will be held March 13 (Hip Nos. 261-523) in Central Florida.
Following is a list of horses to keep an eye on at the Barretts March select sale of 2-year-olds in training at Fairplex in Southern California. The auction, scheduled for March 10, starts at 2 p.m. (PDT).
The Fasig-Tipton Florida select sale of 2-year-olds in training, held March 3 at Calder Race Course, suffered downturns of 25.5% in gross revenue, 31.5% in average price, and 34.8% in median price. The number of horses sold rose 8.8% while the buy-back rate dropped to 35.5% from 40.4% a year ago. Read what people at the auction had to say about the market:
Fasig-Tipton will report private sales in addition to horses sold in the auction ring during its Florida select sale of 2-year-olds in training March 3 at Calder Race Course. The juveniles sold privately will be designated on the sale summary sheet as (PS), which stands for private sale. The private sales will be included in the auction's final statistics.
The fanciest juvenile sale in the world faces off against the biggest financial crisis since the Great Depression March 3 at Calder Race Course, and based on the results of other recent Thoroughbred auctions, prices probably will be down considerably.
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