Secret Circle's Breeders' Cup Sprint (gr. I) win helped his dam sell for $675,000 at Keeneland Nov. 8.
Cowboy Cal was represented by his first U.S. winner when in his second start Tachi captured a maiden special weight race at Indiana Downs Aug. 27.
As the start of the Keeneland September yearling sale approached, people expressed more anticipation than trepidation about the market's prospects. Read what they had to say.
Jody and Michelle Huckabay's Elm Tree Farm has hired Pat Hayes as farm manager of the Paris, Ky. operation.
Even though the National Weather Service issued an excessive heat warning for the Lexington area July 7, it didn't keep buyers and consignors away from Fasig-Tipton's Newtown Paddocks complex.
Marathon Farm got a bargain when they bought Stone Hope, the dam of Belmont Stakes contender Street Life, for $25,000 in January.
Conchita, a half sister to group 1 stakes winner White Moonstone, sold for $370,000 to top the Nov. 11 session of the Keeneland breeding stock sale.
The cumulative average price of $181,131 and median price of $120,000 are ahead of last year's pace by 8.2% and 9.1%, respectively.
A Dynaformer colt and a filly by hot sire Malibu Moon fetched $500,000 and $700,000, respectively. The Dynaformer colt was consigned by Mill Ridge Sales, agent, while the Malibu Moon filly was sold by Elm Tree Farm.
Even though the stock market has been enjoying a recent rally, buyers and sellers of young horses aren't expecting a similar rebound in yearling prices. Heading into the Fasig-Tipton Kentucky July select auction, which kicks off the 2009 yearling selling season, some people were predicting further downturns of 30% or more in key business figures, mainly because the health of the overall economy, here and abroad, remains weak.
A weanling colt by Tapit was purchased by agent Ben Glass for $250,000 to top the Nov. 10 session of the Keeneland November breeding stock sale. Overall, the session saw a continuation of the trend throughout the sale in which numbers declined in all major statistical categories.
Small, independent consignors seek to offer more personal service than large agencies.
Commercial breeders in Kentucky are in no hurry to book their mares for the 2002 breeding season. Tough economic times, falling prices for sale horses, and the uncertainty caused by war and terrorism are making them approach the future cautiously. Many also feel there is no need to rush because there are so many stallions standing in the Bluegrass.
While many of the dams of Breeders' Cup World Thoroughbred Championship contenders are owned by famous breeders who have carefully developed their broodmare bands over decades, the dam of Juvenile Fillies (gr. I) favorite You is owned by a financially strapped university in Louisiana that is ready to cash in on her success.
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