Here is a list of horses that consignors and buyers thought had the potential to bring high prices during the first session of the Fasig-Tipton Saratoga select yearling auction in New York Aug. 10.
Read what buyers and consignors had to say Aug. 9, the day before the start of the Fasig-Tipton Saratoga select yearling sale in New York.
The unemployment rate is down; more homes are being sold; the stock market is on the upswing; and some companies that were hit hard by a plunging economy are starting to make money again. With the recession showing signs of easing, is a rebound in the Thoroughbred marketplace on the horizon?
The Fasig-Tipton Saratoga select yearling sale will have a touch of the exotic this year with a colt by Encosta de Lago among its offerings. Encosta de Lago was the leading sire in Australia for 2008/2009, and his offspring generate bidding frenzies when they're sold Down Under. But will buyers at Saratoga be interested when they have a chance to buy one of the stallion's sons Aug. 11, during the second session of the New York auction?
The catalog for Book 1 of the Tattersalls October yearling sale in England is available online and can be viewed at www.tattersalls.com. The sale will be held Oct. 6-9, and there are 676 horses in the catalog.
Sam-Son Farm, one of Canada's most successful Thoroughbred breeding and racing operations, will have a consignment at the Fasig-Tipton Saratoga select yearling auction, Aug. 10 and 11, in New York. The five horses cataloged include an A.P. Indy colt that is a full brother to Canadian champion Catch the Thrill and a Giant's Causeway filly that is from the family of Eclipse Award winner and Canadian Horse of the Year and Triple Crown winner Dance Smartly.
The number of horses cataloged to the 2009 Keeneland September yearling sale fell 6.6%, from an all-time high of 5,555 for the auction last year to 5,189. According to Geoffrey Russell, Keeneland's director of the sales, the weakening of the Thoroughbred market in general -- because of problems within the horse industry and economic difficulties around the world -- was an important factor in the decline.
Fasig-Tipton and the New York Racing Association are teaming to award a $100,000 "Juvenile Jackpot" to the first graduate of the 2009 Fasig-Tipton Saratoga select yearling sale that wins a graded stakes during the 2010 Saratoga meeting in New York. Should no juvenile qualify for the prize in 2010, the award will double to $200,000 for Fasig-Tipton yearlings purchased that year that run at Saratoga in 2011.
Fasig-Tipton's Texas division has cataloged 370 horses for its yearling sale. The number is down 26.9% from last year's total of 506, and the auction's length has been reduced from two days to one. The sale is scheduled for Aug. 31 at Lone Star Park, beginning at 10 a.m. (CDT).
The Fasig-Tipton July select yearling sale, held July 20-21 in Lexington, ended with significant setbacks in gross revenue, average price, and median price, but managed to lower its buy-back rate from a year ago slighty. Read what sale company officials and sale participants had to say about the market.
"You can call it a midlife crisis or whatever you want, but it's the best thing I've ever done," said pinhooker Murray Smith of her move earlier this year to Southern California from the Ocala area in Central Florida.
Fasig-Tipton's July select yearling sale ended with a bang instead of a whimper in Lexington, getting a boost from the progeny of the hot stallion Medaglia d'Oro. Even though the key business figures were down from the previous year, the final day produced the auction's highest price and results that were stronger than the opening day's statistics.
The only yearling in the world by the illÃ¢â‚¬"fated European champion George Washington is scheduled to be offered in Book 1 of the Tattersalls October yearling sale Oct. 6-8 in England.
The Ocala Breeders' Sales Co. has cataloged 1,151 yearlings for its August yearling sale. The number is down 14.2% from last year, when 1,342 horses were in the book.
Blood-Horse bloodstock sales editor Deirdre Biles recaps the first day of the Fasig-Tipton Kentucky July Select Yearling sale
The declines were in line with expectations during the opening session of the Fasig-Tipton July select yearling sale. Buyers and consignors had predicted the market would be down significantly, and there were no surprises July 20 in Lexington.
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).
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