Eldon Farm Equine Leads Second-Session Pinhook Profits

Led by the efforts of Eldon Farm Equine, the majority of horses previously sold at auction that passed through the sales ring during the Aug. 7 session of the Fasig-Tipton Saratoga yearling sale realized significant gains.

Led by the efforts of Eldon Farm Equine, the majority of horses previously sold at auction that passed through the sales ring during the Aug. 7 session of the Fasig-Tipton Saratoga yearling sale realized significant gains.

Sixteen such horses were resold for higher prices during the auction’s second session in Saratoga Springs, N.Y. Collectively, the horses sold for a $2,896,000 profit, an average of $181,000 per horse.

Virginia-based Eldon Farm Equine, headed by Ken Luke of Atlanta, realized an aggregate $710,000 pinhook profit on a pair of horses sold through a Gainesway consignment.  A Dynaformer filly went to Lazy F Ranch for $700,000, and a Tale of the Cat  filly sold for $600,000 to Zayat Stables. Eldon Farm Equine had paid $295,000 for each at a previous auction.

Three horses previously sold at auction realized a combined $280,000 loss, while one resold for the same price. Five other horses did not meet their reserve.—Ryan Conley