The Fasig-Tipton Florida select sale of 2-year-olds in training, held March 3 at Calder Race Course, suffered downturns of 25.5% in gross revenue, 31.5% in average price, and 34.8% in median price. The number of horses sold rose 8.8% while the buy-back rate dropped to 35.5% from 40.4% a year ago. Read what people at the auction had to say about the market:
A Distant View filly zipped a furlong in :09 4/5 for the fastest time of those cataloged for the Barretts March sale.
Tackling the biggest financial crisis since the Great Depression, Fasig-Tipton's Florida select sale of 2-year-olds in training suffered some bumps and bruises, but also scored a couple of minor victories. The number of horses sold rose from a year ago while the buy-back rate declined. Meanwhile, the gross revenue fell 25.5% and the average price dropped 31.5%. The median price was down 34.8%.
Cup o' Joe, a handsome Medaglia d'Oro colt, became the highest priced horse sold so far at the Fasig-Tipton Florida select sale of 2-year-olds in training when he brought $1.6 million from Sheikh Mohammed's bloodstock manager John Ferguson.
A strapping Unbridled's Song colt named Cornerstone broke through the seven-figure price barrier a little more than two hours into the Fasig-Tipton Florida select sale of 2-year-olds in training March 3 at Calder Race Course. Sheikh Mohammed's bloodstock manager John Ferguson paid $1.1 million for the gray or roan juvenile.
Fasig-Tipton will report private sales in addition to horses sold in the auction ring during its Florida select sale of 2-year-olds in training March 3 at Calder Race Course. The juveniles sold privately will be designated on the sale summary sheet as (PS), which stands for private sale. The private sales will be included in the auction's final statistics.
The fanciest juvenile sale in the world faces off against the biggest financial crisis since the Great Depression March 3 at Calder Race Course, and based on the results of other recent Thoroughbred auctions, prices probably will be down considerably.
Here is a list of juveniles that buyers and consignors at Calder Race Course were talking about the most one day before the March 3 Fasig Tipton Florida select sale of 2-year-olds in training.
A total of 218 juveniles have been cataloged for the 2009 edition of the John Franks Memorial 2-Year-Olds in Training Sale at Evangeline Downs on March 22.
These 2-year-olds stand out because of their workout times, yearling purchase prices, and pedigrees.
When Dubai-based Synergy Investments purchased Fasig-Tipton last year, Sheikh Mohammed's bloodstock manager, John Ferguson, vowed the Kentucky-based auction firm would strive to offer higher levels of customer service. According to shoppers at Fasig-Tipton's Florida select sale of 2-year-olds in training, the company is fulfilling that promise.
Vendors and sales companies involved in the seven breeze-up sales for 2-year-olds in Britain, Ireland and France over the next three months have got together and announced a £500,000 bonus scheme to tempt buyers.
The fastest times were slower than they were a year ago during the under tack show for the Fasig-Tipton Florida select sale of 2-year-olds in training. But the auction firm's officials and consignors said they weren't surprised or disappointed for a couple of reasons.
If the recent Ocala Breeders' Sales Co. (OBS) February select sale of 2-year-olds in training was any indication, it's going to be a tough year for yearling-to-juvenile pinhookers. The rate of return (ROR) on their investment, 30.7%, ranked among their worst ever based on figures that date back to 1990. It was the weakest since the ROR dropped to its lowest point during the 20-year period of 17.1% in 1993.
Group winners Lord Admiral, Biarritz, Royal Vintage, and Vertigineux are scheduled to be offered during the Dubai International Racing Carnival (DIRC) session of the Emirates Racing Authority horses in training sale, sponsored by Al Basti Equiworld, at Nad Al Sheba in Dubai.
Keeneland has cataloged 212 juveniles for its April Two-Year-Olds in training sale, to be held Monday and Tuesday evenings, April 6-7. Sessions begin at 7 p.m. ET. The Preview Show will be held Thursday, April 2, beginning at 10:30 a.m.
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.
The set of uniform policies developed by four major auction firms Barretts, Fasig-Tipton, Keeneland, and the Ocala Breeders' Sales Co. took effect beginning with the OBS February select sale of 2-year-olds in training Feb. 17 in Central Florida. The policies address medication, prohibited practices, riding crops, and horseshoes. "As the first sale under these new guidelines, I thought it went tremendously well," said Tom Ventura, the OBS general manager and director of sales.
The selling season for select 2-year-olds in training staggered out of the starting gate in Central Florida Feb. 17. The year's first major juvenile auction, the Ocala Breeders' Sales Co. February sale, suffered sobering setbacks of 29.3% in gross revenue, 33.7% in average price, and 28% in median price from a year ago. Another discouraging result was the buy-back rate, which soared from 28.2% in 2008 to 38.3%.
Westrock Stables' Scott Ford, a former president and chief executive officer of Alltel, hasn't been in the Thoroughbred business for long, but he was a major player at the Ocala Breeders'Sales Co. select sale of 2-year-olds in training.
Prices were down significantly at the first major auction of the selling season for 2-year-olds in training Feb. 17 in Central Florida. Read what one buyer and several consignors had to say about the market at the Ocala Breeders' Sales Co. February auction.
Sarissa, a 12-year-old Diesis - Wonderous Minstrel mare, brought the top price of 32,000 euros (approximately $40,489 in U.S. funds) during the Arqana February mixed sale at Deauville in France. French agent Abeth Mussat purchased her from Haras d'Etreham. Sarissa, who is in foal to Dylan Thomas, has produced two winners in Japan, Rock of Sarissa (by Rock of Gibraltar) and Loulan Reverse (by Montjeu).
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After generating a grim series of results for breeding stock and weanlings, the Thoroughbred marketplace switches its focus to racing prospects beginning with the Ocala Breeders' Sales Co. February select sale of 2-year-olds in training in Central Florida. Auction firm officials and consignors are hoping buyers will be more enthusiastic about acquiring young horses nearly ready for competition even though the global economy continues to struggle.
The selling season for select 2-year-olds in training kicks off Feb. 17 in Central Florida. Following are lists of some of the more interesting horses in the Ocala Breeders' Sales Co. February auction based on yearling purchase prices, pedigrees, and workout times.
Times were faster than ever before during the under tack show for the Ocala Breeders' Sales Co. February select sale of 2-year-olds in training Feb. 13 in Central Florida.
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.
Barretts has cataloged 124 horses for its March select sale of 2-year-olds in training. The number is down 35.1% from last year's total of 191.
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).
Prices tumbled at the the Fasig-Tipton Kentucky winter mixed sale Feb. 9 in Lexington, following the downward trends that have been seen at other recent auctions. The average price dropped 42.8% while the median price fell 28.6%. A much smaller sale catalog than in 2008 contributed to the 62.9% decline in the gross revenue.
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.
The 2008 Fasig-Tipton Kentucky winter mixed auction posted an 18.9% gain in average price. The gross revenue rose 1.9% while the median price remained the same as in 2007. But this year's edition of the sale, scheduled for Feb. 9 in Lexington, isn't expected to perform as strongly.
A group of commercial breeders have combined to form a new public sales agency, Select Sales LLC, which plans to offer its first consignment at this year's Fasig-Tipton Kentucky select yearling sale in July.
The 2009 NATC Colt and Filly Futurities will be run at Monmouth Park, the National Association of Two-Year-Old Consignors announced Feb. 6. It will be the fifth time in eight years that the races will be held at the New Jersey track.
DataTrack International, a company that that quantifies speed, stride length, and motion analysis at juvenile auctions, recently announced the results of a study of sale 2-year-olds that looked at the types of surfaces over which the horses were breezed during under tack shows and then followed how they performed in races over synthetic and dirt tracks.
The Ocala Breeders' Sales Co. (OBS) has cataloged 523 horses for its March select sale of 2-year-olds in training. The number is up 13.7% from last year's total of 460.
Two $50,000 fillies of racing age highlighted the Barretts January mixed sale, which saw the average decline slightly from last year and the median improve. With other sales around the country experiencing double-digit decreases, sales officials expressed pleasure at the final figures.
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.
Leprechaun Racing's Mike Mulligan, chairman of the National Association of Two-Year-Old Consignors, discusses the uniform sale policies for medication, prohibited practices, riding crops and horseshoes.
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).
Barretts opens its 2009 selling season with a January mixed sale on the grounds of Fairplex Park in Southern California. The auction, which has more than 300 horses in its catalog, begins at 11 a.m. (PST) Jan. 26.
Fasig-Tipton is teaming with Gulfstream Park to sponsor the $250,000 Fountain of Youth Stakes (gr. II). The 63rd running of the race, which will called the "Fasig-Tipton Fountain of Youth Stakes," is scheduled for Feb. 28 in South Florida. The Fasig-Tipton Florida select sale of 2-year-olds in training will be held March 3.
The four major U.S. sale companies - Barretts, Fasig-Tipton, Keeneland, and the Ocala Breeders' Sales - have issued a set of uniform policies that will govern medication, prohibited practices, riding crops, and horseshoes, effective with the Feb. 17 OBS selected sale of 2-year-olds in training.
The Ocala Breeders' Sales Co. has more horses for its February select sale of 2-year-olds in training than it did in 2008, according to Tom Ventura, the auction firm's general manager and director of sales. OBS will catalog 200 juveniles, up 16.3% from last year's total of 172.
Fasig-Tipton will catalog 272 horses for its Florida select sale of 2-year-olds in training, according to the company's chairman, Walt Robertson. The number is about the same as in 2008, when 270 horses were in the book.
The final results of the Keeneland January horses of all ages sale in Lexington were sobering, with setbacks of 53.4% in gross revenue, 48% in average price, and 44.1% in median price from a year ago. But they weren't anything new to the people who market Thoroughbreds.
Tattersalls has cataloged 222 lots for its February mixed sale, which will be held Feb. 5 in England. The catalog can be viewed online at www.tattersalls.com.
A 2-year-old Encosta de Lago – Fayfa filly brought the top price of Aust$100,000 (approximately $67,371 in U.S. funds) during Magic Millions' inaugural Summer Carnival Thoroughbred sale Jan. 18 on Australia's Gold Coast. Kevin Dixon of Racetree purchased the juvenile.
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