A session-topping Real Saga colt for $240,000 ($252,929 US) was one of a dozen horses to sell for six figures at the fifth session of the Magic Millions Gold Coast yearling sale in Australia Jan. 13.
Buyers and consignors talk about how they are dealing with the sharp downturns in the market at the Keeneland November breeding stock sale and other auction-related issues.
With the auction business slowing down and the costs of production rising, it isn't an easy time to be a Thoroughbred breeder. Horsemen who profited from rallying bloodstock prices for much of the 1990s are being forced to reevaluate the financial health of their operations and revise economic strategies. The situation is particularly difficult for farm owners who derive most of their income from horses that fit into the middle and lower levels of the market.
Most Popular Stories
- Arrogate Brings Baffert Back to World Cup
- Litfin at Large: Getting Handle on Dubai World Cup Card
- Zulu Seeks Skip Away Rebound
- Arrogate Lands Post Nine For Dubai World Cup
- Arnold Believes Spiral is Good Spot for Convict Pike
- Mind Your Biscuits Could Give Summers First Win
- El Areeb Works at Laurel Toward Wood Memorial
- Hope Floats for Hoppertunity in Dubai World Cup
- Steve Haskin's Derby Dozen - March 21, 2017
- Three Stakes Highlight Los Alamitos Summer Meet