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Burning Keeneland Questions and Some Answers

Burning Keeneland Questions and Some Answers

One day prior to the Sept. 14 start of the Keeneland September yearling sale in Lexington, there was a lot of uncertainty about how the market would perform at a time when the economy was continuing to struggle. There also were some questions about what was going on around the sale grounds. Here they are, and here are their answers.

September Outlook: Proceeding With Caution

September Outlook: Proceeding With Caution

The weekend before the Sept. 14 start of the Keeneland September yearling sale in Lexington, the auction's participants were worrying about the market and trying to guess how much it would be down from 2008. But some consignors were pleasantly surprised by how many people were looking at their horses. Here is what some of them had to say.

September Sale Poses Challenge for Sellers

September Sale Poses Challenge for Sellers

Consignors at the Keeneland September yearling sale were bracing themselves for one of the most daunting auction challenges of 2009: Finding new homes for thousands of young horses at a time when the weak economy is causing buyer demand for Thoroughbreds to shrink. Buyers, meanwhile, were excited about the prospect of bargains.

Cahill Road Colt Tops Washington Sale

A son of Cahill Road brought the highest price of $60,000 during the Washington Thoroughbred Breeders Association (WTBA) summer yearling sale Sept. 8 at the Morris J. Alhadeff Sale Pavilion at Emerald Downs. Jill and Dave Heerensperger purchased the bay colt, which is a full brother to The Great Face, winner of the 2007 Longacres Mile (gr. III) and Mt. Rainier Handicaps at Emerald Downs.

Canadian-Bred Yearling Sale Starts Sept. 8

The Ontario division of the Canadian Thoroughbred Horse Society (CTHS) has 464 horses cataloged for its Canadian-bred yearling auction. The select session is scheduled for Sept. 8 and the open session for Sept. 12 at the Woodbine Sales Pavilion at Woodbine racetrack near Toronto.

Washington Yearling Sale Set for Sept. 8

The 43rd annual Washington Thoroughbred Breeders Association's summer yearling auction will be held Sept. 8, beginning at 1 p.m. (PDT) at the Morris Alhadeff Sales Pavilion at Emerald Downs. There are 179 horses in the catalog and in addition to yearlings with Washington pedigrees, they include offerings from Kentucky, California, Oregon, and Canada.

Median Rises at F-T Texas Sale; Gross Plunges

Median Rises at F-T Texas Sale; Gross Plunges

Reduced to a one-day sale, the Fasig-Tipton Texas summer yearling auction posted a gross that was down significantly Aug. 31 at Lone Star Park. Under last year's two-day format, 443 horses were cataloged, but only 319 were offered this year, contributing to a 43.9% decline in the gross, from $3,369,700 to $1,889,400. The buy-back rate rose from 36.6% in 2008 to 42%, with only 185 head selling. While the median increased to $5,000 from $4,500, the average dipped from $11,992 to $10,213, a 14.8% decline.

Royal Applause Colt Shines in England

A Royal Applause colt topped the opening session of Doncaster Bloodstock Sales' St. Leger yearling auction bringing £120,000 ($197,765 in U.S. funds) Aug. 25 in England. BBA Ireland's Eamon Reilly purchased the bay yearling for Mark Gittins, outlasting Richard O'Gorman in the bidding.

Medaglia d'Oro Filly Tops OBS Select Session

Medaglia d'Oro Filly Tops OBS Select Session

The Ocala Breeders' Sales Co.'s August yearling sale broke slowly from the starting gate Aug. 24 in Central Florida, suffering downturns of more than 30% from 2008 in its gross revenue, average price, and median price. But a powerful-looking Medaglia d'Oro filly topped the select session by attracting a $275,000 final bid from Charlotte Weber's Live Oak Plantation that surpassed last year's peak price for an individual horse of $200,000.

IEAH: Saratoga Buys Could Be Pinhooked

IEAH: Saratoga Buys Could Be Pinhooked

International Equine Acquisitions Holdings (IEAH), through agent Nick Sallusto, was the biggest-spending domestic buyer at the recent Fasig-Tipton Saratoga select yearling auction in New York, paying $2,150,000 for six yearlings. All the horses could be offered next year at sales of 2-year-olds in training, according to IEAH president and director Michael Iavarone.

California Cup Sale Has 282 Yearlings

The California Cup yearling sale has 282 yearlings in its catalog. The auction, which is a joint venture between Barretts and the California Thoroughbred Breeders Association, will be held Oct. 5 in the Hinds Pavlion at Barretts, which is located at Fairplex Park in Southern California. The sale will start at 11 a.m. (PDT).

Business Down at F-T Preferred Yearling Sale

Business Down at F-T Preferred Yearling Sale

A Medaglia d'Oro colt brought the sale-topping price of $275,000 as the Fasig-Tipton New York-bred preferred yearling auction ended its two-night run Aug. 16 in Saratoga Springs, N.Y, well behind last year's record-setting pace. Trainer Seth Benzel, agent for Whitehall Stable, purchased the bay yearling. James Pippo is the president of Whitehall, which puts together racing partnerships.

N.Y.-Bred Sale Next Up for Fasig-Tipton

Fasig-Tipton reversed the negative business trends seen at Thoroughbred auctions this year at its recent Saratoga select yearling sale, where the gross revenue, average price, and median price all enjoyed significant upswings from 2008. The second and final auction on the company's upstate New York calendar is the New York-bred preferred yearling auction, which will be held Aug. 15 and 16. Each session will start at 7 p.m. (EDT).

Ferguson Buys Arqana Sale Session Topper

Sheikh Mohammed's bloodstock manager, John Ferugson, who was the biggest spender at the recent Fasig-Tipton Saratoga select yearling auction, was busy again Aug. 14 during the opening session of the Arqana's Deauville August yearling sale in France. He bought the session-topping Storm Cat colt for 900,000 Euros ($1,282,860 in U.S. funds) from Etreham.

Oklahoma Sale Has 113 Yearlings Cataloged

The Oklahoma City yearling sale, scheduled for Aug. 24 in Oklahoma, has 113 horses in its catalog, including a close relative to the $2.8-million Storm Cat – Onaga colt that topped the recent Fasig-Tipton Saratoga select yearling auction. The yearling, by Storm Cat's grandson Lion Heart, is out of a full sister to Onaga, according to the auction's sales manager, Terri Carter.

Saratoga Strange: Filly's Buyer Flees

"I've never seen anything like this," said Holly Bandoroff of Denali Stud of a bizarre incident that involved a well-bred dark bay or brown filly, a bald man in a plaid shirt, at least three Fasig-Tipton officials, and several policemen during the second and final session of the Fasig-Tipton Saratoga select yearling sale in New York Aug. 11.

Mo Momentum: Sheikh Boosts Saratoga Sale

Mo Momentum: Sheikh Boosts Saratoga Sale

Boosted by the Sheikh Mohammed stimulus package, the Fasig-Tipton Saratoga select yearling sale got off to a sizzling start Aug. 10 in New York at a time when the struggling economy is causing prices to fall at other Thoroughbred auctions. The gross revenue for the 76 horses that sold was $25,470,000, which was a whopping 40.3% increase from the opening session a year ago. The average price grew 10.7% to $335,132, and the median price increased 6.4% to $250,000.

Sheikh Mohammed in Saratoga for Sale

Sheikh  Mohammed in Saratoga for Sale

Sheikh Mohammed, the world's biggest Thoroughbred auction spender, inspected yearlings consigned to the Fasig-Tipton Saratoga select yearling sale the morning of Aug. 10, just hours before the 6 p.m. (EDT) start of the New York auction. As a light rain fell, the ruler of Dubai looked at some horses while standing under the cover of the new walking ring. He previously had visited the Fasig-Tipton sale grounds early in the evening on Aug. 9.

Exotic 'Encosta' Colt in Saratoga Sale

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?

Sam-Son a New Saratoga Consignor

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.

Crunching the Keeneland September Numbers

Crunching the Keeneland September Numbers

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.

F-T, NYRA to Offer $100,000 'Jackpot'

F-T, NYRA to Offer $100,000 'Jackpot'

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.

F-T Texas Sale Has 370 Yearlings

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).

F-T July Drops, But 'Medaglia' Fillies Shine

F-T July Drops, But 'Medaglia' Fillies Shine

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.

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