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.
This is a list of horses that consignors and buyers consider to be among the top prospects during the first session of the Fasig-Tipton Kentucky July select yearling sale July 20 in Lexington.
This is a list of horses that buyers and consignors considered to be among the top prospects during the second session of the Fasig-Tipton Kentucky July select yearling sale July 21 in Lexington.
Launching a new business venture in the midst of a global financial crisis would be a daunting task for most people, but the connections of several new consignments at the Fasig-Tipton Kentucky select yearling auction seemed eager to take on the challenge the weekend before the sale's July 20 start.
Sandy Stuart is the new director of sales for Bluegrass Thoroughbred Services, and he's finding out what it's like being in charge of a consignment for the first time at the Fasig-Tipton Kentucky July select yearling auction in Lexington.
Read what people have been saying about their expectations for the Fasig-Tipton July select yearling sale, which is scheduled for July 20 and 21 in Lexington.
The Japan Racing Horse Association (JRHA) foal sale suffered downturns of 33.1% in gross and 32.3% in average during its two-day run that ended July 15 at the Northern Horse Park on the Japanese island of Hokkaido. The three-day gross for the foal and yearling sales combined was down 21.4% from the previous year and the average fell 21.9%.
A Rock of Gibraltar colt brought 145 million yen (approximately $1,567,161) July 13 to top the Japanese Racing Horse Association yearling sale, which turned in a solid performance at the Northern Horse Park on the Japanese island of Hokkaido.
Fasig-Tipton has cataloged 235 horses for its New York-bred preferred yearling sale, which will be held the evenings of Aug. 15 and 16 in Saratoga Springs, N.Y. The number is up 3.5% from last year's total of 227.
What will the yearling selling season of 2009 be like? A story with comments from a variety of auction participants appeared in the June 27 edition of The Blood-Horse and also was published on the magazine's Web site: www.bloodhorse.com. Now, two more people, Lincoln Collins and Craig Bandoroff, weigh in on the subject.
The Breeders Sales Company of Louisiana has expanded its yearling sale to two days because of increased support from consignors. The sale will begin on its originally scheduled date of Sept. 28 and will continue through Sept. 29 at the Ike Hamilton Center in West Monroe, La.
Fasig-Tipton has cataloged 235 horses for its Saratoga select yearling auction, which will be held Aug. 10-11 in upstate New York. The number is up 20.5% from a year ago, when there were 195 yearlings listed in the book.
As the 2009 yearling selling season approaches, the global financial situation continues to remain grim and nobody is really sure how much the demand for young horses will be impacted. To provide some insights, yearling auction participants discussed their plans and expectations with The Blood-Horse.
Tattersalls and Newmarket Racecourses in England have revamped the Tattersalls Millions race series for graduates of Book 1 of this year's Tattersalls October yearling sale.
Sellers of yearlings in Britain and Ireland are working to put together a bonus fund worth £2-million (approximately $3,269,400 in U.S. funds) for the connections of nominated horses that win maiden races next year for 2-year-olds. Each bonus will be worth £10,000 ($16,347), and it is hoped that up to 200 races will be supported. Some of the bonus money also will be made available to 3-year-olds.
An Anabaa-Botticelli Chic colt brought Aust$140,000 (approximately $111,196) to top the second session of the Magic Millions national yearling sale June 10 on the Gold Coast of Australia. Singapore-based buyer Mark Yong purchased the colt from Attunga Stud.
Fasig-Tipton has cataloged 494 horses for its Kentucky July select yearling auction. The number is down 13% from last year's total of 568.
Trainer John Wallace purchased the two highest-priced lots June 9 during the opening session of the Magic Millions national yearling sale on Australia's Gold Coast. He went to Aust$220,000 (approximately $173,991) to secure a Flying Spur Graceful Lily colt, which was consigned by Vinery Stud. He also purchased an Encosta de Lago Major Drama filly for Aust$145,000 ($114,676) from Coolmore Stud.
The Japan Racing Horse Association has cataloged 161 yearlings and 336 foals for its July select sale. The auction will be held at the Northern Horse Park on the island of Hokkaido, with the yearlings being offered July 13 and the foals being offered July 14-15.
A Choisir-Strawberry Mirn colt brought Aust$68,000 (approximately $51,893 in U.S. funds) to top the 60th annual HTBA William Inglis & Son Scone yearling sale in Australia May 14. Trainer Paul Perry purchased the colt from Broad Crossing.
The gross revenue rose 31.4% from a year ago to Aust$2,610,750 (approximately $1,889,661 in U.S. funds) during the William Inglis & Son Melbourne autumn yearling sale, which ended its two-day run April 27 in Australia. The average price for the 262 horses that sold was Aust$9,965 ($7,213), up 14%, and the median price was Aust$7,500 ($5,429). The clearance rate was 89%.
A Statue of Liberty -- Saloon Bar Girl colt brought Aust$54,000 (approximately $39,031 in U.S. funds) to top the opening session of the William Inglis & Son Melbourne autumn yearling sale April 26 in Australia. Mark Young Racing purchased the colt from Tetrarch Park Stud.
The number of horses bringing seven-figure prices rose to a sale total of six as the William Inglis & Son Easter yearling auction continued for a second day in Australia April 6.
The first foal out of two-time Australian Horse of the Year Makybe Diva brought Aust$1.5 million (approximately $1,073,265 in U.S. funds) April 5 during the opening session of the William Inglis & Son Easter yearling sale in Australia. Melbourne trainer Danny O'Brien purchased the Galileo colt from Tony Santic's Makybe consignment.
The Kentucky fall yearling sale is back on this year's Fasig-Tipton calendar after the auction firm's officials announced in mid-March that it had been canceled.
The inaugural Magic Millions QTIS 600 yearling sale ended its two-day run March 30 in Australia with a gross of Aust$6,135,500 (approximately $4,261,166 in U.S. funds) for the 333 horses sold. The average price was Aust$18,424 ($12,796), and the clearance rate was 81%.
A Lion Heart colt topped the opening session of the inaugural Magic Millions QTIS 600 yearling sale on Australia's Gold Coast March 29. Len Wheeler purchased the colt for Aust$130,000 (approximately $90,302 in U.S. funds) from Lyndhurst Stud, agent.
Fasig-Tipton will not conduct a yearling sale in Kentucky in the fall. The auction had been scheduled for Oct. 26-28 in Lexington.
The Magic Millions Adelaide yearling sale ended its three-session run March 12 in Australia with a gross of Aust$5,291,250 (approximately $3,422,433 in U.S. funds) that was up from last year's total of Aust$5,258,000. The clearance rose from 76% compared to 72% in 2008.
It was a buyers' market during the first session of the 2009 BMW Magic Millions yearling sale at Morphettville in Australia March 9.
The California Fall Yearling Sale has been reconfigured and will now be called the California Cup Yearling Sale, it was announced Feb. 18. The catalog will be open to all yearlings and not restricted to California-breds.
A Zeditave - Serious Matter filly brought Aust$220,000 (approximately $143,502 in U.S. funds) as the BMW Magic Millions Perth yearling sale ended its three-day run in Australia Feb. 13. Peter Caporn bought the filly from Heytesbury Stud.
Fasig-Tipton Company and the New York Racing Association (NYRA) are teaming up to develop the inaugural Fasig-Tipton Festival of Racing at Saratoga Race Course The festival will be held the second weekend of the Saratoga racing season, Aug. 8 and 9, and will precede the Fasig-Tipton Saratoga select yearling auction Aug. 10 and 11.
Six horses were sold for Aust$100,000 (approximately $65,481 in U.S. funds) or more during the second session of the BMW Magic Millions Perth yearling sale Feb. 12 in Australia. The results through the first two days were 175 horses sold, a gross of Aust$6,876,500 (approximately $4,502,801), and an average price of Aust$32,294 ($21,146).
A Stratum - Beyond Me filly topped the opening session of the BMW Magic Millions Perth yearling sale Feb. 11 in Australia. West Australia-based owner Sally Martin purchased the filly from Gervase Park Stud for Aust$160,000 (approximately $106,854 in U.S. funds).
William Inglis & Son's Syndney Classic yearling sale ended Feb. 10 in Australia with declines of 17% in average price and 18% in gross revenue.
Eight horses sold for Aust$100,000 (approximately $67,512 in U.S. funds) or more Feb. 9 during the second session of William Inglis & Son's Sydney Classic yearling sale in Australia. Through the first two sessions, the gross revenue is Aust$7,153,500 ($4,829,471) for the 250 horses sold. The average price, Aust$28,614 ($19,318), is down only 10% from a year ago. The median price is Aust$20,000 ($13,502).
William Inglis & Son's Sydney classic yearling sale opened Feb. 8 in Australia with a session in which 83 horses sold for Aust$2,104,500 (approximately $1,421,022 in U.S. funds). The average price was Aust$25,355 ($17,121), and the median price was Aust$20,000 ($13,505). The clearance rate was 78%.
New Zealand Bloodstock's festival yearling sale closed out its two-day run Feb. 2 in Karaka with a gross revenue of NZ$4,498,700 (approximately $2,291,233 in U.S. funds), which was down only 11.3% from last year's total of NZ$5,073,850.
A Tale of the Cat-Eyes Light Up colt sold for the top price of NZ$205,000 ($106,342) Jan. 30 as New Zealand Bloodstock's select yearling auction ended its three-day run in Karaka. Australian trainer Lindsey Smith purchased the colt from Hallmark Stud.
A Pentire colt out of the winning Zabeel mare Surreal brought the top price of NZ$175,000 (approximately $92,802 in U.S. funds) during the second session of New Zealand Bloodstock's select yearling sale in Karaka Jan. 29. Dean Hawthorne purchased the colt from Rich Hill Thoroughbreds.
New Zealand Bloodstock's three-day select yearling sale experienced big downturns in business during its opening session at Karaka Jan. 28.
Business declined significantly at New Zealand Bloodstock's premier yearling sale, which ended in Karaka Jan. 27 after a two-day run.
The New Zealand national yearling auction is trailing behind last year's pace after the opening day in Karaka Jan. 26. During the first session of the sale's premier portion, the 173 horses that sold grossed NZ$25,973,500 (approximately $13,752,189 in U.S. funds) and averaged NZ$150,136 ($79,493). The median price was NZ$100,000 ($52,947).
The Conrad Jupiters Magic Millions yearling sale ended its seven-session run Jan. 16 on Australia's Gold Coast. The 118 yearlings that sold on the auction's final day grossed Aust$1,105,500 (approximately $730,293 in U.S. funds) and averaged $9,369 ($6,189). The clearance rate was 78.2%.
The average price rose 17.9% from a year ago while the gross revenue remained about the same during the fifth session of the Conrad Jupiters Magic Millions yearling sale Jan. 11 on Australia's Gold Cost.
The gross revenue declined 38.6% and the average price fell 16.3% during the Conrad Jupiters Magic Millions yearling sale's first section, which ended Jan. 10 on Australia's Gold Coast. The clearance rate was 80.1%.
A Redoute's Choice - Bal Des Sirenes colt was the top seller Jan. 8 during the second session of the Conrad Jupiters Magic Millions yearling auction on Australia's Gold Coast. He brought Aust$620,000 (approximately $446,549 in U.S. funds) from trainer Kris Lees, who purchased the colt from Amarina Farm, which was the agent for his Victoria-based breeder, Wood Nook Farm.
An Encosta de Lago colt brought the top price of Aust$2million (approximately $1,429,380 in U.S. funds) during the opening session of the Conrad Jupiters Magic Millions yearling sale on Australia's Gold Coast January 7. Trainer Gai Waterhouse purchased the full brother to 2006 Australian champion Racing To Win from Coolmore Stud, agent.
Tattersalls' December sale ended quietly in England with a breeding stock session in which a 3-year-old colt, sold as a jumping prospect, topped trade at 65,000 guineas. The other figures for Dec. 4 were 139 horses sold, a gross of 656,650 guineas, an average price of 4,724 guineas, and a median price of 2,800 guineas. During the four-day breeding stock portion of the December auction, the 610 horses that sold grossed 33,355,150 guineas and averaged 54,681 guineas. The median was 12,500 guineas.
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