The next generation of de Merics makes its mark on the auction industry.
Still reeling from the effects of the worldwide financial crisis, buyers approached the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training cautiously, and their reluctance to spend the really big bucks was a major factor in the opening session's setbacks. Compared to a year ago, when the auction enjoyed a record-setting run, the gross revenue dropped 29.6% while the average price fell 32.6%,and the median price declined 22.2% March 17 in Central Florida.
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.
Frank Stronach is chairman of Magna Entertainment Corp., a major racetrack operator that filed for Chapter 11 bankruptcy protection March 5. He also is the owner of Adena Springs, which won its fifth consecutive Eclipse Award as outstanding breeder in 2008 while Stronach picked up his fourth Eclipse as outstanding owner. Stronach discussed the MEC bankruptcy with The Blood-Horse following the Adena Springs 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.
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.
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 will not conduct a yearling sale in Kentucky in the fall. The auction had been scheduled for Oct. 26-28 in Lexington.
Champion Proud Spell returns to the races March 12 at Oaklawn Park, making her 2009 debut in a 1 1/16-mile allowance/optional claiming event. Her regular rider, Gabriel Saez, will be aboard as the 4-year-old filly prepares for the Apple Blossom Handicap (gr. I) April 4 at Oaklawn.
Tackling the biggest financial crisis since the Great Depression, Fasig-Tipton's Florida select sale of 2-year-olds in training suffered some bumps and bruises, but also scored a couple of minor victories. The number of horses sold rose from a year ago while the buy-back rate declined. Meanwhile, the gross revenue fell 25.5% and the average price dropped 31.5%. The median price was down 34.8%.
Cup o' Joe, a handsome Medaglia d'Oro colt, became the highest priced horse sold so far at the Fasig-Tipton Florida select sale of 2-year-olds in training when he brought $1.6 million from Sheikh Mohammed's bloodstock manager John Ferguson.
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.
Here is a list of juveniles that buyers and consignors at Calder Race Course were talking about the most one day before the March 3 Fasig Tipton Florida select sale of 2-year-olds in training.
When Dubai-based Synergy Investments purchased Fasig-Tipton last year, Sheikh Mohammed's bloodstock manager, John Ferguson, vowed the Kentucky-based auction firm would strive to offer higher levels of customer service. According to shoppers at Fasig-Tipton's Florida select sale of 2-year-olds in training, the company is fulfilling that promise.
Group winners Lord Admiral, Biarritz, Royal Vintage, and Vertigineux are scheduled to be offered during the Dubai International Racing Carnival (DIRC) session of the Emirates Racing Authority horses in training sale, sponsored by Al Basti Equiworld, at Nad Al Sheba in Dubai.
The set of uniform policies developed by four major auction firms Barretts, Fasig-Tipton, Keeneland, and the Ocala Breeders' Sales Co. took effect beginning with the OBS February select sale of 2-year-olds in training Feb. 17 in Central Florida. The policies address medication, prohibited practices, riding crops, and horseshoes. "As the first sale under these new guidelines, I thought it went tremendously well," said Tom Ventura, the OBS general manager and director of sales.
To Paul Saylor, this year's Emirates Airline Breeders' Cup Distaff (gr. I) is a "pinch yourself situation on a daily, if not hourly, basis."
By Deirdre B. Biles - It's inevitable. Every year when the sales of 2-year-olds in training start revving up and the babies start working fast, The Blood-Horse receives a flurry of letters and e-mails. Angry writers, many of them breeders and owners, complain about how detrimental it is to the Thoroughbred breed to make young horses breeze at high speeds.
Ken Ramsey wants to win the Kentucky Derby (gr. I) more than any other race, and he tried to make Kitten's Joy a Derby horse. He didn't achieve his goal with the son of El Prado, but the flashy chestnut colt's development into a turf star was a very good consolation prize.
They got down and dirty in the John Deere Breeders' Cup Turf (gr. IT), turning the Sport of Kings into a rip-roaring, Texas-style rodeo. With front-running Star Over the Bay starting to fade, Powerscourt charged to the front on the final turn. Then Better Talk Now attacked from the outside, cutting in front of Magistretti. Meanwhile, the 7-10 favorite, Kitten's Joy, frantically swung his head to the left and right, looking for running room as the field headed to the wire.
Kitten's Joy is so good that he "may have mystical qualities," said Ken Ramsey, who races the homebred colt in partnership with his wife, Sarah.
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.
Until recently, the only sure way of knowing if a horse was free of lower airway disease was through endoscopy, writes Marcia King in the April edition of The Horse. But scientists in England have developed another technique that involves collecting and measuring the amount of hydrogen peroxide in the moisture of the horse's exhaled air.
Cushing's disease (CD) has been identified as the most common cause of laminitis among horses seen at the University of Pennsylvania's New Bolton Center. Dr. Mark Donaldson, an assistant professor at the university's School of Veterinary Medicine, led the research effort.
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