The Ocala Breeders' Sales Co. yearling sale, like many other auctions before it in 2009, couldn't overcome the weak economy and ended up posting results that were down signficantly from 2008.
With the weak economy continuing to have a negative impact on all sorts of businesses, Ocala Breeders' Sales Co. executive Tom Ventura has modest expectations for the auction firm's August yearling sale in Central Florida.
The Ocala Breeders' Sales Co. spring sale of 2-year-olds in training, which ended its four-day run April 23 in Central Florida, turned in one of the best performances for a Thoroughbred auction this year even though it suffered setbacks in several of its key business figures. Compared to 2008, the number of horses sold rose 4.7% while the gross revenue fell 10.7%. The average price declined 14.7%, and the median price dropped 16.7%.
Ocala Breeders' Sales Company has postponed the Under Tack Show for the 2009 Spring Sale of Two-Year-Olds in Training until Wednesday, April 15 at 8 a.m.
The selling season for select 2-year-olds in training staggered out of the starting gate in Central Florida Feb. 17. The year's first major juvenile auction, the Ocala Breeders' Sales Co. February sale, suffered sobering setbacks of 29.3% in gross revenue, 33.7% in average price, and 28% in median price from a year ago. Another discouraging result was the buy-back rate, which soared from 28.2% in 2008 to 38.3%.
Times were faster than ever before during the under tack show for the Ocala Breeders' Sales Co. February select sale of 2-year-olds in training Feb. 13 in Central Florida.
The Ocala Breeders' Sales Co. (OBS) has cataloged 523 horses for its March select sale of 2-year-olds in training. The number is up 13.7% from last year's total of 460.
The Ocala Breeders' Sales Co. has more horses for its February select sale of 2-year-olds in training than it did in 2008, according to Tom Ventura, the auction firm's general manager and director of sales. OBS will catalog 200 juveniles, up 16.3% from last year's total of 172.
Even though it's a new year, the Ocala Breeders' Sales Co. winter mixed sale was the victim of the same worldwide economic crisis that caused prices at many Thoroughbred auctions to plummet late in 2008. The gross revenue plunged 57.7% from a year ago while the average price and median price dropped 39.6% and 45.5%, respectively.
The Ocala Breeders' Sales Co. (OBS) winter mixed sale suffered downturns of 63% in its average price and 74.4% in its median price from a year ago as it opened with a consignor preferred session Jan. 6 in Central Florida. The gross revenue dropped 43% even though the number of horses sold was up 54.1% from 2008's first day total.
The Ocala Breeders' Sales Co. (OBS) recently revised the results for the 2008 August yearling sale on its Web site (www.obssales.com) because of new rules governing horse auctions in Florida that took effect in July. Sale companies now are required to disclose any horses that did not change ownership after being reported as sold.
The results were grim for the Ocala Breeders' Sales Co.'s fall mixed auction, which ended its three-day run in Central Florida Oct. 8. The buy-back/no bid rate rose significantly while the other key business figures suffered huge setbacks during a week when the American stock market is plunging and economic turmoil is increasing worldwide.
Double-digit percentage drops hit the first open session of the Ocala Breeders' Sales Co.'s fall mixed sale Oct. 7, continuing a trend from the previous day's consignor-preferred session.
It took roughly six hours to get there, but a horse selling in the opening session of the Ocala Breeders' Sales Co. fall mixed sale finally brought six figures Oct. 6, a day marked by severe across-the-board declines for the Central Florida auction.
With a yearling auction season all but over, and one that delivered a sharp dose of economic reality, industry eyes will be fixed on the upcoming Ocala Breeders' Sales Co. fall mixed sale, the unofficial annual kick-off to the campaign of selling of broodmares and weanlings.
The market continued to lag behind last year's pace on the third day of the Ocala Breeders' Sales Co. August yearling sale. The gross revenue for the second of three open sessions fell 18.5%, and the average price dropped 30.4%. Meanwhile, the median price declined 26.7%.
On top of America's economic woes, the Ocala Breeders' Sales Co. (OBS) might have to deal with a tropical storm or hurricane during its yearling sale, which is scheduled for Aug. 18-21 in Central Florida.
The Ocala Breeders' Sales Co. (OBS) will test the yearling market with quantity at a time when some buyers might be cutting back on their purchases because of America's struggling economy. There are 1,342 horses cataloged for the auction, which begins with a select session of 230 yearlings Aug. 18. Three open sessions will follow.
The Ocala Breeders Sales Co. (OBS) April sale of 2-year-olds training finished its four-day run in Central Florida Thursday with figures close to last year's results.
It is clear following an April 7 public forum in Florida that published rules concerning horse sales in the state did little to quiet those on opposite sides of the arguments over disclosure and transparency.
There were no positive results among the 12 horses tested for anabolic steroids following the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training.
The OBS March juvenile auction posted its highest ever gross, average, and median.
Large number of horses makes auction a "true test" of the juvenile market, according to Tom Ventura, the OBS director of sales and general manager.
A Full Mandate filly turned in the fastest quarter mile work Saturday during the last under tack show for the Ocala Breeders' Sales Co. (OBS) select sale of 2-year-olds in training in Central Florida.
The under tack shows for the Ocala Breeders' Sales Co. March select sale of 2-year-olds were postponed due to a forecast of severe weather on Friday and Saturday.
Twenty-one horses sold during the Ocala Breeder's Sales Co. February select juvenile auction were tested for anabolic steroids at the request of their buyers, and there were no positive results.
The juvenile selling season opens Tuesday with the OBS February select sale, and the mood in Central Florida has been upbeat.
A Cuvee filly turned in the fastest work ever at an eighth of a mile for an OBS sale.
Times were sizzling Sunday in Central Florida as the Ocala Breeders' Sales Co. held its first under tack show for a juvenile auction over its new Safetrack synthetic surface.
New SAFETRACK surface at OBS getting good reviews.
The Florida Department of Agriculture and Consumer Services claims it doesn't have the power to regulate certain aspects of horse sales in the state, but is prepared to publish proposed rules it says are intended to prevent unfair or deceptive trade practices.
Sheikh Mohammed's Darley operation hoping sponsorship helps attract mares.
The Ocala Breeders' Sales Co. winter mixed sale, which ended its three-day run Jan. 18 in Central Florida, generated a median price of $5,500 that was the same as last year's comparable figure. In addition, the buy-back/no bid rate dropped from 43.9% in 2006 to 38.4%, indicating greater consignor satisfaction with the prices.
About 50 members of the horse industry met in a public forum setting Oct. 29 to discuss the potential impact of a new Florida law that authorizes regulation in public and private sales.
When reviewing the action during the 2007 Ocala Breeders' Sales Co.'s fall mixed sale Oct. 8-12 in Central Florida, Tom Ventura, OBS general manager and director of sales, said it is difficult to compare the results with those of last year. This year, the sale had one less consignor-preferred session and one additional open session.
Three of the most important select sales of 2-year-olds in training will be jammed into a three-week period next year unless auction officials change their minds on the schedules.
The first open session of the Ocala Breeders' Sales Co.'s August yearling sale ended with numbers close to last year's figures.
The Ocala Breeders' Sales Co. got off to a solid start, setting a record for median during its select session.
It will be difficult for the Ocala Breeders' Sales Co. August yearling sale to avoid the correction taking place in the Thoroughbred market.
A well-built son of Forest Wildcat brought a final bid of $900,000 to kick start day two of the Ocala Breeders' Sales Co.'s March select 2-year-olds in training sale at the Central Florida auction house.
The opening session of the 2007 Ocala Breeders' Sales Co.'s March select 2-year-olds in training sale benefited from the appearance of a large contingent of West Coast trainers and bloodstock agents, with California residents walking away with the session's top-priced colt and filly.
Tuesday's Ocala Breeders' Sales Co. February auction in Central Florida is the first major sale of the juvenile selling season.
The Ocala Breeders' Sales Co.'s select sale of 2-year-olds in training will be held in Central Florida instead of at Calder Race Course in South Florida this year.
Barring an always-possible turn of events, the recent outbreak of equine herpesvirus (EHV-1) in Florida might have a minimal impact on the state's racetracks.
Following the record-setting fireworks of Monday's select session, the Ocala Breeders' Sales Co. continued to perform strongly Tuesday during the first of its four open sessions.
The Ocala Breeders' Sales Co. August yearling sale roared out of the starting gate Monday in Central Florida, setting records for gross revenue and average price for its select portion.
The Ocala Breeders' Sales Co. (OBS) yearling auction, which begins its five-day run Monday in Central Florida, will provide a good test for the middle and lower levels of the market.
A Deputy Commander colt brought $475,000 Tuesday to top the opening session of the Ocala Breeders' Sales Co. March sale of 2-year-olds in training in Central Florida.
The Ocala Breeders' Sales Co.'s March select sale of 2-year-olds in training is a middle market auction by tradition. But the quality of its stock has improved significantly in recent years.
The average price rose to a record height Tuesday during the Ocala Breeders' Sales Co.'s select juvenile auction at Calder Race Course in South Florida.
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