A recent survey of Thoroughbred horse owners, breeders, managers, trainers, and bloodstock agents shows overwhelming agreement that bloodstock agents should be required to disclose the commission rates they receive to both the buyer and seller.
- By Ray Paulick
By Ray Paulick - The gap between purses in Thoroughbred races in the United States and money spent in the American Thoroughbred auction market widened in 2006. While total purses for the year aren't yet known, the projection is that they will be up by a couple of percentage points to just north of $1.1 billion, which would be an all-time record.
Attorneys for Jess Jackson have filed a motion for summary adjudication in the California winemaker's lawsuit against bloodstock agent Emmanuel de Seroux and his Narvick International agency.
With ongoing declines in Thoroughbred breeding and racing in Ohio, and a possible November referendum for racetrack gaming in the state, organizers of this year's Midwest Regional sale said the industry has reached a "pivotal" point.
More than two-thirds of respondents to a Thoroughbred Owners and Breeders Association survey of auction buyers indicated they are less likely to purchase a horse that has undergone a surgical procedure prior to being sold.
Fasig-Tipton has catalogued 180 yearlings for its Saratoga select yearling sale, which is scheduled for Aug. 8 and 9 in New York.
The success of two-year-old breeze-up (two-year-old in training) sales in Britain has prompted Irish sales company Goffs to enter the market there for the first time.
The catalog for the 2006 Barretts May sale of 2-year-olds in training is now online. A total of 378 head have been entered in the sale that will be conductted Tuesday, May 16 in the Hinds Pavilion located on the grounds of Fairplex Park in Pomona, California beginning at 10:30 a.m.
Legislation that would protect buyers and sellers in equine transactions unanimously passed the Kentucky Senate March 15 and now heads to the House of Representatives for concurrence. The House previously approved a different version of the bill.
Legislation that would protect buyers and sellers in equine transactions is on its way to the floor of the Kentucky Senate, though one lawmaker plans to offer two amendments. Meanwhile, horse industry representatives planned another meeting to hammer out a compromise on some language in the bill.
Keeneland has cataloged 223 horses for its 14th select sale of 2-year-olds in training in Lexington. The number is down from 262 in 2005.
The Kentucky Equine Education Project has given its support for legislation that would make it unlawful for anyone to represent both buyer and seller in a transaction involving horses without written permission of both parties.
California vintner and Thoroughbred owner Jess Jackson met with Kentucky Senate Republicans Jan. 26 to discuss legislation that would make it unlawful for anyone to represent both buyer and seller in a transaction involving horses without written permission of both parties.
A record 2,508 head will be offered when the Keeneland January Horses of All Ages Sale begins Monday, Jan. 9. The sale runs through Sunday, Jan. 15, with sessions starting at 10 a.m.(ET) daily.
The American Association of Equine Practitioners' Task Force on Medication Issues at Public Auction has released its recommendations for medication usage in horses presented for sale at public auctions.
A 2-year-old colt by Danehill sold for HK$3 million ($386,847) to top the Dec. 10 Hong Kong International Sale, an auction held for the purpose of getting well-bred racing prospects into the hands of Hong Kong-based owners.
HorseRacing TV will present complete, live, uninterrupted coverage of the first two days of the Keeneland November breeding stock sale Nov. 7-8. HRTV coverage will begin each day at 10 a.m. EST.
Brewer Racing Stable and Murray Smith, who together this year have campaigned grade I stakes-winning 2-year-old filly Wild Fit, will offer her as a racing prospect Nov. 6 at the Fasig-Tipton mixed sale in Lexington.
The Thoroughbred Owners and Breeders Association will conduct an auction seminar at Keeneland Sept. 16, a dark day for the September yearling sale.
The Monitoring Committee for the Sales Integrity Program has postponed implementation of the mandatory disclosure of acceptable veterinary practices, the Thoroughbred Owners and Breeders Association announced Aug. 5.
A new organization that seeks to better educate buyers of horses at public auction announced its formation today.
By Cot Campbell - Our Code of Ethics, presented to the world in mid-December, has been received agreeably. Predictably, there has been commentary on what "they" should have done. I have waited until Jan. 15--when my duties as chairman ended and the Thoroughbred Owners and Breeders Association took over--for any personal observations.
The Thoroughbred industry's first code of ethics for public auctions has been getting generally positive reviews since its release Dec. 16. However, many people would like to see further efforts to encourage the disclosure of information and to discourage buyers and sellers from becoming involved in fraudulent ventures.
Reports of the Thoroughbred Owners and Breeders' Association Sales Integrity Task Force establishing guidelines and providing forms to improve level of disclosure at Thoroughbred auctions.
The Sales Integrity Task Force will meet for the third time Friday at Keeneland, and within a week, will hold a press conference to release its first recommendations to the industry.
The Sales Integrity Task Force, formed this summer, plans to have a position paper ready for public review after its next meeting in November, chairman Cothran "Cot" Campbell said.
On the hurricane rating scale of 1 to 5, the opening session of the Keeneland September yearling auction was a Category 3. It packed a strong financial punch on Sept. 13 in Central Kentucky, driving the market past 2003's hot numbers. But the key business figures didn't grow quite as fast as they did a year ago.
Cothran "Cot" Campbell, founder and manager of Dogwood Stables and a regular participant at Thoroughbred auctions, was tabbed as chairman of the recently formed Sales Integrity Task Force during its first meeting Sept. 2 at Keeneland.
In a press release issued Friday, The Thoroughbred Owners and Breeders Association said it "will take a lead role" in the formation of a task force to study practices involving Thoroughbred sales as suggested by the Alliance for Industry Reform (AIR).
Tale of Perfection, a 4-year-old filly by Tale of the Cat out of the stakes winning Vain mare Bank Burst, brought the top price of $52,000 (approximately $36,332 in U.S. funds) at the William Inglis & Son winter mixed sale in Sydney, Australia, on Friday.
The Ocala Breeders' Sales Company's 2004 August Yearling Sale has been posted on the OBS Web site.
Leading breeders and farms have formed the New York Breeders Sales Co., which will hold its first auction Sept. 28 in Saratoga Springs, N.Y. The sale will fill the slot vacated by the Saratoga autumn mixed Thoroughbred sale, though organizers of that sale are part of the new sale company.
Padua Stables' Satish Sanan said there is growing support for his plan to implement a code of ethics and other standards that would govern the Thoroughbred sales industry, either through an industry organization or legislative initiatives.
Two 2-year-olds tied for the fastest eighth-mile work when they stopped the timer in 10.20 seconds at Mondays preview for horses consigned to Barretts Summer Sale of Horses of Racing Age and 2-Year-Old in Training.
The Magic Millions National Sale, which featured the largest catalogue in Australian Thoroughbred auction history with 1,266 horses, concluded with huge gains in every major statistical category.
Urge to Splurge, a Successful Appeal filly, was purchased for $200,000 by Carrol Castille to top the second and final session of the Ocala Breeders' Sales Company's 2004 June Sale of 2-Year-Olds in Training and Horses of Racing Age.
Big House Red, a colt by Stormy Atlantic consigned by Tony Bowling and Bobby Dodd, zipped a quarter-mile in :21 flat as the fastest work at the distance at Sundays second and final session of the "Under Tack Show" for the Ocala Breeders' Sales Company's 2004 June Sale of 2-Year-Olds in Training and Horses of Racing Age.
The world of yearling Thoroughbred sales is getting very close to the moment the absolute last Danehill yearling will be sold.
The opening session of the 2004 Fasig-Tipton Midlantic 2-year-olds in training sale at Timonium started off with a bang when a colt by Stormy Atlantic was purchased for $300,000. Jimmy Bell purchased the colt, acting on behalf of bloodstock agent John Ferguson, from the consignment of his breeder, Arthur Appleton's Bridlewood Farm.
The incredible wave of buying interest that has swept the globe continued at Inglis' weanling sale in Sydney Sunday.
Keeneland sale results soon will be available on Web-enabled wireless devices.
A chestnut filly sired by grade II winner Good and Tough zipped an eighth of a mile in a quick 9 4/5 seconds as she posted the fastest time at the distance during Sunday's Under Tack show for Fasig-Tipton Florida selected sale of 2-year-olds in training that will be held at Calder Race Course on Feb. 24.
The California Thoroughbred Breeders Association appears ready to lend its backing to a move to re-establish a yearling sale in Northern California.
The second and final day of the select part of Melbourne's Inglis Premier yearling sale told us all one thing: Encosta de Lago is something very rare and special.
Taste of Paradise, winner of the 2003 San Diego Handicap (gr. II), brought a Barretts Equine Ltd. January sale record price of $425,000 when purchased by David Bloom Monday during the first of two sessions at the sales company's Hinds Pavilion in Pomona, California.
EquineCommerce.com, the online company which sells horses through a bid/ask system, registered its first sale on Dec. 30. An online bidder purchased a Smart Strike no-guarantee season for $24,500. EquineCommerce.com launched its Web site in early December.
Newmarket, England-based Tattersalls sales company saw a 163,098,250 guineas annual turnover in 2003, beating last year's record by 21%, after the most-successful ever December Sale finished Thursday night.
Keeneland has cataloged 1,917 horses for its 2004 January Horses of All Ages Sale. The five-day auction begins Monday, Jan. 12 at 10 a.m.
Just as at its three yearling sales in October, Tattersalls Autumn Horses In Training Sale--effectively the world's biggest exchange of used horses--posted a complete set of record figures in Newmarket from Oct. 27-30.
The gross up 44%, average up 28% and a median that had risen 17% told the story of a remarkable Tattersalls October Yearling Sale, which finished in Newmarket last night.
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