Duncan Taylor of Taylor Made Sales Agency discusses the weanling and broodmare markets with Esther Marr. Duncan talks about early interest in foals and the growing interest in broodmares at the Keeneland Breeding Stock sale.
Fasig-Tipton President Boyd Browning talks about the quality of this year's November sale. Boyd talks about the broodmare and weanling market, explains the buzz at Breeders' Cup, and how the event energizes the industry.
The average price increased 54% from a year ago and the median price rose 62.5% during the select weanling portion of the William Inglis & Son Australian weanling and bloodstock sale June 27 in Sydney.
New Zealand Bloodstock's national weanling, broodmare, and mixed bloodstock sale ended its three-day run May 9 at Karaka in New Zealand with small increases in its median and average prices from a year ago.
A weanling son of High Chaparral commanded the highest price of NZ$150,000 ($119,073 in U.S. funds) May 8 on the second day of New Zealand Bloodstock's national weanling, broodmare, and mixed bloodstock sale at Karaka.
A Stravinsky filly sold for Aust$200,000 (approximately $160,294 in U.S. funds) to top the opening day of the Magic Millions national weanling sale on the Gold Coast of Australia May 31. Queensland-based Figtree Thoroughbreds purchased her from Coolmore Stud.
The two-day weanling portion of the William Inglis & Son Melbourne Great Southern sale ended in Australia May 19 with a gross of $2,127,100 (approximately $1,605,684 in U.S. funds) for the 243 horses sold. The average price was $8,753 ($6,607), and the clearance rate was 91%.
The clearance rate was 93% during the first session of the William Inglis & Son Melbourne Great Southern weanling sale May 18 in Australia. The 131 horses that sold grossed Aust$1,063,250 (approximately $796,948 in U.S. funds) and averaged Aust$8,116 ($6,083). The median price was Aust$4,000 ($2,998).
The Fasig-Tipton Texas December mixed sale, which was the last major Thoroughbred auction of the year in this country, followed the downward trend that has plagued the equine marketplace in recent months. The gross revenue plummeted 46.7% Dec. 14 compared to a year ago, while the average price dropped 36%. The median declined 14.3%.
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 opening session of the 2007 Keeneland November mixed sale is still rolling along at a fast clip with high-class broodmares and broodmare prospects bringing top prices. Nineteen offerings have topped the seven-figure mark so far.
Vinery Australia consigned the sale-topping bay filly by Red Ransom at the annual Australian select weanling sale in Sydney on May 3. From champion South African filly Tracy's Element was purchased at $300,000 (Australian funds) by Gerry Harvey, a leading electrical goods retailer and co-Magic Millions principal. Harvey also owns Baramul Stud.