Steve Weicholz isn't a newcomer to shopping at the top end of juvenile auctions. The Boca Raton, Fla., resident is the new owner of El Kingdom, whose $450,000 price topped the recent Ocala Breeders' Sales Co. March select sale of in training. Three years ago, through Bill Badgett, Weicholz purchased Justin Rules, a son of Mr. Greeley, for $525,000 at the Fasig-Tipton Midlantic juvenile auction in Maryland.
The Ocala Breeders' Sales Co. March select sale of 2-year-olds in training suffered downturns of 30% or more in its gross revenue, average price, and median price after posting all-time highs for those figures in 2008. Here's what people had to say about the market at the auction, which was held March 17 and 18 in Central Florida.
The Ocala Breeders' Sales Co. closed out the two-day run of its March select juvenile auction with a bang as an El Prado colt named El Kingdom brought the sale's most expensive price of $450,000 March 18.
Saying he had found the equine equivalent of Cleveland Cavaliers basketball star LeBron James, trainer Eddie Plesa paid $450,000 for an El Prado colt March 18 during the second and final session of the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training in Central Florida. As of early afternoon, the price was the highest of the auction, topping the $425,000 Indian CharlieÃ¢â‚¬"Hollywood and Wine filly that sold March 17
Leprechaun Racing's Mike Mulligan, who suffered a fractured skull in a fall following the March 3 Fasig-Tipton Florida March select sale of 2-year-olds in training, is fully conscious and spoke to his wife on the phone March 18 during the second and final session of the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training.
As Leprechaun Racing's Mike Mulligan recuperated from a fractured skull in a South Florida hospital, his friends and associates in the Thoroughbred business reached out to offer support. Participants in the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training wore green rubber bracelets decorated with shamrocks and pitched in to help Mulligan's wife, Britt, at the Leprechaun consignment. They also held a prayer service prior to the March 17 opening session of the auction.
Still reeling from the effects of the worldwide financial crisis, buyers approached the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training cautiously, and their reluctance to spend the really big bucks was a major factor in the opening session's setbacks. Compared to a year ago, when the auction enjoyed a record-setting run, the gross revenue dropped 29.6% while the average price fell 32.6%,and the median price declined 22.2% March 17 in Central Florida.
A smooth-striding Grand Slam colt brought $400,000 early in the afternoon during the first session of the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training.
The Adena Springs sale of 2-year-olds in training bucked the downward trend in the Thoroughbred marketplace in one important statistical category. The median price rose 28.6% from a year ago during the eighth edition of the auction, which was held March 16 at Adena Springs South near Williston, Fla.
The Ocala Breeders' Sales Co. March select juvenile auction "will be as good as a 2-year-old sale can be this year," according to Tom Ventura.
The catalog for the Adena Springs sale of 2-year-olds in training is smaller this year when compared to 2008. But the auction is "full of quality," according to Mark Roberts, the manager of Adena Springs South in Williston, Fla., where the sale will be held March 16, beginning at 4:30 p.m. (EDT).
Here is a list of horses to keep an eye on during the March 16 first session of the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training in Central Florida:
Here is a list of horses to keep an eye on during the March 18 seconds session of the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training.
A More Than Ready colt was the fastest worker at an eighth of a mile March 13 during the second session of the under tack show for the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training in Central Florida. He covered the distance in :9 3/5.
Fasig-Tipton will fine nine consignors because the riders of their horses misused their riding crops during the Feb. 27 under tack show for the Florida select sale of 2-year-olds in training at Calder Race Course.
Four horses tied for the fastest work at a quarter mile during the March 12 first session of the under tack show for the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training in Central Florida.
The William Inglis & Son Melbourne March mixed sale ended at Oaklands in Australia March 13 with a clearance rate of 91%. The 329 horses that sold grossed Aust$1,369,600 (approximately $887,487 in U.S. funds). The average price was Aust$4,163 ($2,698), and the median price was Aust$2,200 ($1,426).
With prices tumbling at the early select sales of 2-year-olds in training, pinhookers, who provide most of the stock for the auctions, already are thinking about how they are going to approach their next buying-and-selling cycle. It's not good news for yearling consignors because, in general, pinhookers plan to be much less aggressive when buying young horses later this year.
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 William Inglis & Son Melbourne March mixed sale opened at Oaklands in Australia March 12, and the Woodman mare Light of Day topped the first session when she brought Aust$45,000 (approximately $29,107 in U.S. funds).
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.
A son of Horse of the Year Tiznow brought $650,000 to top the Barretts sale March 10 at the Hinds Pavilion in Pomona, Calif. Jess Jackson's Stonestreet Stables purchased the colt on a telephone bid from the Wavertree Stables consignment
Fasig-Tipton has cataloged 237 horses for its Texas sale of 2-year-olds in training. The auction is scheduled for March 31 at Lone Star Park. The under tack show will be held at Lone Star March 29.
Uniform policies that restrict use of a riding crop in under tack shows for 2-year-olds in training had a significant effect on riders' actions at the preview for the Fasig-Tipton Florida select juvenile auction, according to Fasig-Tipton director of marketing Terence Collier.
Mike Mulligan, a leading consignor at sales of 2-year-olds in training, was in stable condition, with a head injury, at Memorial Regional Hospital in Hollywood, Fla., March 9. Fasig-Tipton director of marketing Terence Collier reported March 10 that "they (doctors) are changing his medication levels today to raise him to the next level (of consciousness). All vital signs continue to be progressing."
Barretts is offering a trimmer catalog for its 2009 March select sale of 2-year-olds in training, which is in line with the belt-tightening mood throughout the country. The Southern California auction company has cataloged 124 horses for its March 10 auction, down from 191 in the 2008 book.
A daughter of Hunter Valley-based stallion Testa Rossa out of Scone topped the second session of the BMW Magic Millions Adelaide yearling sale when she was sold for Aust$115,000 (approximating $73,390 in U.S. funds) March 10 in Australia. Victorian agent Kevin Dagg snapped up the youngster, which was consigned by Gerry Harvey's Baramul Stud.
The under tack show for the Ocala Breeders' Sales Company's March select sale of 2-year-olds in training will begin at 9 a.m. (EDT) instead of 8 a.m., as previously scheduled, because of the recent switch to Daylight Savings Time. The first session of the show is set for March 12 (Hip Nos. 1-260), and the second session will be held March 13 (Hip Nos. 261-523) in Central Florida.
It was a buyers' market during the first session of the 2009 BMW Magic Millions yearling sale at Morphettville in Australia March 9.
Inglis sale company in Australia announced an addition to its sale schedule, a Nov. 15 auction of both unraced juveniles as well as horses in training.
Following is a list of horses to keep an eye on at the Barretts March select sale of 2-year-olds in training at Fairplex in Southern California. The auction, scheduled for March 10, starts at 2 p.m. (PDT).
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%.
Most Popular Stories
- Nyquist Gets First Look at Churchill Downs
- Ben's Cat Victorious in Return at Laurel
- Derby Battle: Tapit vs. Uncle Mo
- Minding Leads Sweep in One Thousand Guineas
- A Derby Rookie's First Churchill Morning
- Nyquist Ships to Churchill Day After Work
- Uncle Lino Game in California Chrome Stakes
- Exaggerator Works for Kentucky Derby Bid
- Maurice, Chautauqua Victorious in Hong Kong
- Toews On Ice Glides to William Walker Win