The Japan Racing Horse Association has changed its format for the July select foal and yearling sale for 2010. There will be two days of selling instead of three at the Northern Horse Park on the Japanese island of Hokkaido and more yearlings will be offered.
The Keeneland September yearling auction continued its merciless battering of commercial breeders and consigners, posting results that fell far short of last year's figures for the third consecutive day.
Stallion managers slashed stud fees last year after this country's recession deteriorated into a financial crisis and spread around the world. With prices for Thoroughbreds continuing to decline after falling significantly in 2008, commercial breeders are calling for even more stud fee reductions for 2010.
A striking filly by Medaglia d'Oro was purchased by Charlotte Weber's Live Oak Plantation for $1.3 million to highlight the Sept. 16 third session of the Keeneland September yearling sale. The filly was consigned by Francis and Barbara Vanlangendonck's Summerfield.
The third session of the Keeneland September yearling sale got off to a solid start Sept. 16, with a Dynaformer colt bringing the top early price of $610,000.
Robert N. Clay's Three Chimneys Farm will once again host its annual September RNA Showcase sale Sept. 18 from 8 a.m. to 4 p.m.
Three seven-figure horses pumped up the excitement on the second day of the Keeneland September yearling sale, but they didn't provide a big enough boost to end the discouraging slump in the auction's key business figures.
Agent John Ferguson bought Hip No. 342, a Storm Cat colt of champion mare Fleet Indian, for $2,050,000, the highest price so far during the first two days of the Keeneland September yearling sale. The colt was consigned by Taylor Made Sales Agency, agent.
An Unbridled's Song filly consigned by Stone Farm, agent, became the first seven-figure offering of the Keeneland September yearling sale when she was purchased by agent John Ferguson for $1 million during the early portion of the Sept. 15 second session.
The first session of Keeneland's marathon September yearling sale concluded Sept. 14 with major declines in gross, average, and median prices.
Here is a list of horses that consignors and buyers think could be standouts Sept. 15 during the second session of the Keeneland September yearling sale in Lexington.
A half-brother to dual champion Ashado was bought by agent Demi O'Byrne for $925,000, top price during the first session of the Keeneland sale Sept. 14.
A filly by Giant's Causeway produced from Horse of the Year Azeri brought a top price of $800,000 from Robert and Lawana Low during the first session of the Keeneland September yearling sale.
Agent John Ferguson, accompanied by client Sheikh Mohammed, went to $700,000 to purchase Hip No. 39, a Speightstown colt consigned by Dromoland Farm, at the first session of the Keeneland September yearling sale Sept. 14.
Calling it a bargain, Wyoming horse owner William J. Sims went to $450,000 to acquire a colt by Storm Cat to highlight the early portion of the Keeneland September yearling sale Sept. 14.
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.
Here is a list of horses that consignors and buyers think could be standouts Sept. 14 during the first session of the Keeneland September yearling sale in Lexington.
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.
Azeri, who was bought back for $4.4 million at this year's Keeneland January horses of all ages sale, has been entered in the upcoming Keeneland November breeding stock sale, according to John Sikura of Hill 'n' Dale Sales Agency and Hill 'n' Dale Farms. Owned by the Allen E. Paulson Living Trust, the 2002 Horse of the Year is in foal to Distorted Humor after producing a Ghostzapper filly this year.
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.
As a partner in historic Darby Dan Farm, Wayne Sweezey was a familiar face at the Keeneland September yearling sale. But a non-compete agreement kept him from being an active participant in last year's auction after he left Darby Dan. Now Sweezey is back with his own consignment, T. Wayne Sweezey and partners, which has 22 horses in the September catalog.
For Gerry Dilger of Dromoland Farm in Central Kentucky, the timing could not have been better. A little more than a week prior to the start of the Keeneland September yearling auction, two juvenile graduates of his breeding and selling program -Hot Dixie Chick and Dublin- scored victories in grade I races at Saratoga.
All eyes figure to be on Storm Cat's offspring starting Monday, Sept. 14, at the Keeneland September yearling sale. And for good reason.
While the Thoroughbred market has been in a continual slump over the last year due to the downturn of the overall economy, the royally bred horses in Overbrook Farm's yearling dispersal could boost business at this year's Keeneland September sale.
HRTV will present live coverage of the first two days of the Keeneland September yearling sale Sept. 14-15.
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.
Marked by a severe 22.9% decrease in average price, the annual selected Canadian-bred yearling sale, hosted by the Canadian Thoroughbred Horse Society (Ontario division) at the Woodbine racetrack sales pavilion on Sept. 8 was yet another North American auction that was a victim of a struggling economy.
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.
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.
Keeneland and Fasig-Tipton have made changes to their November sales schedules to better accommodate horsemen attending the Breeders' Cup World Championships at Santa Anita Park Nov. 6 and 7. Keeneland's November breeding stock sale will begin Tuesday, November 10, at 10 a.m. (EST) and run through Sunday, November 22. Fasig-Tipton will conduct its select mixed sale on Tuesday, November 10, starting at 5 p.m. (EST).
Fasig-Tipton has cataloged 670 horses for its Midlantic Eastern fall yearling sale, which will be held in Timonium, Md., Oct. 5 and 6. The number is down 28% from 2008, when 930 horses were in the book and the auction was three days in length.
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.
The Ocala Breeders' Sales Co. yearling sale, like many other auctions before it in 2009, couldn't overcome the weak economy and ended up posting results that were down signficantly from 2008.
According to an old saying, "Everything is bigger in Texas," but Fasig-Tipton's yearling sale in the Lone Star State has gotten smaller. And that could be a positive development.
The price for an individual horse peaked at $45,000 on the third day of the Ocala Breeders' Sales Co. yearling sale, with three lots each bringing that amount Aug. 26 in Central Florida. They were a Stormy Atlantic--La Defense colt, a Put It Back--Lovely Lyric colt, and a Pomeroy--Misty Springs filly.
A Dansili colt commanded the sale-topping price of Â£200,000 ($327,740 in U.S. funds) as the Doncaster Bloodstock Sales St. Leger yearling auction ended Aug. 26 with downturns of more than 20% in its gross revenue, average price, and median price.
A filly by the hot first-crop sire Wildcat Heir was the most expensive horse sold on the second day of the Ocala Breeders' Sales Co.'s slumping yearling auction, bringing $100,000 Aug. 25 in Central Florida. Repole Stable purchased the New York-bred chestnut from Bryan and Holley Rice's Woodside Ranch, agent.
A Royal Applause colt topped the opening session of Doncaster Bloodstock Sales' St. Leger yearling auction bringing Ã‚Â£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.
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.
With the weak economy continuing to have a negative impact on all sorts of businesses, Ocala Breeders' Sales Co. executive Tom Ventura has modest expectations for the auction firm's August yearling sale in Central Florida.
Keeneland is unveiling technological innovations and features for all its sales, including a new service to promote the sale of horses that did not reach their reserve in the auction ring, as well as the re-launch of its mobile site.
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.
Arqana's Deauville August yearling sale finished its four-day run with a 3.4% increase in its average price and a 7.1% upswing in its median price from 2008. The gross revenue fell 1.5% while the clearance rate declined from 76.8% last year to 74.7%.
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).
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.
A Peintre Celebre–Hayhaat colt brought the highest price of 205,000 euros ($291,264 in U.S. funds) Aug. 16 on the third day of Arqana's Deauville yearling sale in France. Agence FIPS purchased the colt from Neustrian Associates.
Impulsive Dream, a winning daughter of Encosta de Lago, will join trainer Lee Freedman's stable after selling for the top price of Aust$550,000 ($458,205 in U.S. funds) Aug. 16 during the Magic Millions August Thoroughbred sale on Australia's Gold Coast. Former trainer and now Melbourne-based bloodstock agent Bill Mitchell purchased the 3-year-old filly on behalf of breeder and high profile businessman Sean Buckley.
Champion trainer Charles Laird and Singapore-bound Basil Marcus both purchased "exactly what they came for" at the three-day Emperors Palace National Two-Year-Old Sale, which drew to a close at the TBA Sales Complex at Gosforth Park Aug. 16.
The Fasig-Tipton New York-bred preferred yearling sale got off to a rocky start Aug. 15 in Saratoga Springs, N.Y. The gross revenue dropped 41.7% from a year ago while the average and median prices both plunged 47.1%. The buy-back rate was 54.3% compared to 52.5% in 2008.
A Pivotal filly topped the second session of Arqana's Deauville August yearling sale, bringing 300,000 euros ($427,722) Aug. 15 in France. Sheikh Mohammed's bloodstock manager, John Ferguson, purchased the filly from Capucines.
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