Price correction within the yearling marketplace continued Tuesday as the gross and average prices fell during the second session of the Keeneland September Yearling Sale. The sales company reported 182 horses were sold for a gross of $50,145,000. The average price of $275,521 represented a 28.6% decline from the $385,721 average in 2001 when 197 yearlings grossed $75,987,000.
With downturns in the U.S. economy and the selected summer sales, an air of uncertainty hung over the Keeneland sales pavilion in Lexington, Ky. before Monday's first session of the 12-day September Yearling Sale. By the end of the day, a lot of the questions being asked by buyers, sellers, and sales company officials had been answered. The bottom line is that there is less money in the yearling marketplace than there was at this time last year.
The resultsof sales conducted so far this year have left sale company officials and horsemen scratching their heads. Are they trends or do they just reflect the up-and-down fortunes of individual auctions?
Hold That Tiger, a half-brother to Belmont Stakes (gr. I) winner Editor's Note, won Sunday's Anheuser Busch Railway Stakes (Ire-III) at The Curragh.
Friday's Kentucky Oaks lost yet another top contender Wednesday when Demi O'Byrne, advisor to owner Michael Tabor, said Bella Bellucci would not run because "she is not 100%."
Plans to run Mayakovsky in the Kentucky Derby have been abandoned and a workout scheduled for Wednesday cancelled by trainer Patrick Biancone.
- By Peter Tonkes
The return of the top-priced colt from Australia's major yearling sale caused some consternation in the wake of a tremendously successful auction. However, the use of X-rays also reflects a significant advance for the Australian and New Zealand branch of the Thoroughbred industry.
The Fasig-Tipton Florida select sale of 2-year-olds in training turned in one of its most successful performances ever on Tuesday at Calder Race Course. Gross revenue increased. The average price reached its second-highest level ever. And the median established an auction record. But the sale also was a treacherous experience for consignors as the buy-back rate soared to 45.3%.
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.
With Keeneland's decision to postpone the second day of the September yearling sale due to the apparent terrorist attacks on New York City and Washington, D.C., many buyers and sellers were left in limbo. One thing was certain: horses and the sales were secondary.
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.
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.
Excitement was high going into the Fasig-Tipton Florida select sale of 2-year-olds in training at Calder Race Course. The auction had a strong catalogue; the horses worked fast; and virtually every major buyer of juveniles showed up or sent a representative. But when the final figures were calculated Tuesday, business was down across the board from a year ago.
A Seattle Slew colt produced from the grade I winner Chic Shirine was purchased by Irish agent Demi O'Byrne for $1-million as the top priced offering during the early portion of Tuesday's Fasig-Tipton Florida selected 2-year-olds in training sale at Calder Racecourse. O'Byrne said the colt had the best pedigree of the offerings in the sale and had a nice workout during the under tack show, getting an eighth of a mile in 10 3/5 seconds. O'Byrne said the colt will be trained by Patrick Biancone for John Magnier and Michael Tabor.
Boosted by competitive bidding between Sheikh Mohammed, Coolmore Stud interests, and clients of trainer D. Wayne Lukas, the second session of Keeneland's fall yearling sale soared to record levels Tuesday, primarily on the strength of horses consigned by William S. Farish's Lane's End Farm. Among the highlights were the sale of a Storm Cat colt for $6.8 million--the highest price paid for a yearling sold at auction in North America since 1985--and two apparently world record prices for yearling fillies.
Boosted by competitive bidding between Sheikh Mohammed, Coolmore Stud interests, and clients of trainer D. Wayne Lukas, the second session of Keeneland's fall yearling sale soared to record levels Tuesday, primarily on the strength of horses consigned by William S. Farish's Lane's End Farm. Among the highlights were the sale of a Storm Cat colt for $6.8 million--the highest price paid for a yearling sold at auction in North America since 1985--and two apparent world record prices for yearling fillies.
Hip-by-hip results, live coverage.
A colt by Storm Cat produced from the Alydar mare Beacci was purchased by Irish bloodstock agent Demi O’Byrne for $775,000 to top Wednesday’s second session of the Fasig-Tipton Saratoga select summer yearling sale
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