The Fasig-Tipton Midlantic Eastern fall yearling might struggle like nearly every other Thoroughbred auction this year, but at least the buyers and consignors will have a newly renovated sale pavilion to enjoy Oct. 5 and 6 in Timonium, Md. According to Fasig-Tipton officials, there will be dramatic changes in the appearance of the once drab facility.
With a catalog consisting of nearly 90% California-breds, this year's Barretts yearling sale is well-positioned for Oct. 5, two days after California Cup XX at Oak Tree. Renamed the inaugural California Cup yearling sale, the auction will begin at 11 a.m. (PDT) at the Hinds Pavilion on the Barretts sale grounds in Pomona, Calif.
Goffs Orby Sale for vendors and purchasers alike drew to a close this evening with a strong third day's trade that saw an increase in average price of 27% over the corresponding day last year.
Part one of the Goffs Orby yearling sale in Ireland ended Sept. 30 in Ireland with an 11.1% increase in median price from 2008 and a 6.7% loss in average price. This year, there were two sessions in part one of the auction -- down from three last year -- and the sale's gross dropped 31.5%, in part because fewer horses were offered and sold.
A Giant's Causeway filly, the second foal out of 2005 Boylesports Irish One Thousand Guineas (Ire-I) winner Saoire, was the star of Goffs Orby yearling sale's opening session in Ireland Sept. 29. She commanded the highest price of 475,000 euros ($695,124 in U.S funds) from bloodstock agent Hugo Merry, who was acting on behalf of Dr. Jim Hay.
Peek a Blue Too, a colt by Placid Fund out of the Bayou Hebert mare Lucky Bayou, topped the second day of the Breeders Sales Co. of Louisiana yearling sale Sept. 29.
New Jersey bloodstock agent Buzz Chace was a new buyer at the Goffs Orby yearling sale in Ireland on the opening day of the auction Sept. 29. Acting on behalf of longtime client West Point Thoroughbreds, he purchased a Holy Roman Emperor colt for 140,000 euros ($204,879 in U.S. funds)from Camas Park Stud and an Ad Valorem colt for 50,000 euros ($73,171)from Ashtown House Stud.
The marathon Keeneland September yearling sale drew to a close Sept. 28 with some of the biggest declines in key statistical categories in recent history as the gross receipts fell 41.5%, the average was down 33.2%, and the median was off 40.5% for the 14 sessions.
A colt and a filly each brought $55,000 to top the first session of the two-day Breeders Sales Co. of Louisiana yearling sale Sept. 28 in Monroe, La.
While the gross, average, and median prices continued to be well below levels of 2008, the Sept. 27 penultimate session of Keeneland's marathon September yearling sale produced the lowest buyback rate of the 13 sessions to date, as only 16.7% of the horses through the ring did not bring their reserve prices.
A half-brother by Powerscourt to Maryland Sprint Handicap (gr. III) winner Ravalo brought $180,000 to headline the Sept. 26 session of the Keeneland September yearling sale
The Keeneland September yearling sale continued Sept. 25 with decreases in all major indices, though some participants see a shrouded silver lining: bargains for those with some cash and an increase in the value of yearlings in a couple of years.
Market conditions remained the same at the Keeneland September yearling sale Thursday, Sept. 24 as major indices continued their decline over a last year's figures. Four horses, however, broke through the six-figure barrier on the day, with the top three prices coming for fillies.
An Unbridled's Song colt brought $185,000 to top the ninth session of the struggling Keeneland September yearling sale. While the number of horses sold Sept. 23 in Lexington rose 5.6% from a year ago, the gross revenue declined 26.2%. The average price dropped 30.1%, and the median price plunged 40%. The buy-back rate fell from 24.6% in 2008 to 19.3% this year.
The Overbrook Farm dispersal, which began at the Keeneland September yearling sale, will not mark the end of the Young family's involvement in the Thoroughbred business. Chris Young, the 34-year-old grandson of Overbrook founder W.T. Young, is making plans for his own venture that probably will emphasize racing.
David Hayden has a message for his fellow commercial breeders: "Change or die." The ability to be flexible during hard times, he said last week at the Keeneland September yearling sale in Lexington, is the key to survival. And Hayden, who plans to keep raising horses for many years to come, has looked at everything from production costs to where he will market his yearlings in an effort to remain profitable and avoid drowning in a sea of red ink.
From the very beginning of the Keeneland September yearling sale in Lexington, it was apparent that there would be a major correction in the market for young horses as key business figures suffered significant setbacks. Here are comments from auction participants during the first week of the sale.
A $260,000 colt by Giant's Causeway out of the millionaire Smoke Glacken mare Smok'n Frolic highlighted the Sept. 22 session of the Keeneland September yearling sale, which has continued to be negatively affected by the downturn in the Thoroughbred market. Bought by All the Rage Partners, the dark bay or brown colt was consigned by Adena Springs, agent.
All major indices continued to fall as the Keeneland September yearling sale reached its midpoint Sept. 21.
Fillies commanded the top two prices of the Sept. 20 session as Keeneland's 14-day September yearling sale approached the halfway point.
The yearling market continues its slump but trading was brisk during the fifth session of the 14-day Keeneland September Yearling sale.
The "blowback" moment came during Books One and Two of Keeneland's September yearling sale. Friday, Sept. 18, offered a bit of a respite, but consignors were busy sizing up the market and showing yearlings from Saturday and Sunday's Book Three.
Vinery Ltd. has announced the establishment of a new sales division that will offer consignments at select 2-year-olds in training sales.
During the fourth session of the Keeneland September yearling sale Sept. 17, very little changed from the results seen during the first three days of the marathon sale.
Kevin Scatuorchio and Bryan Sullivan's Let's Go Racing Stable went to $630,000 to purchase a Candy Ride colt from Padraig Campion's Blandford Stud during the Sept. 17 session of the Keeneland September yearling sale.
When Goulash's Unbridled's Song colt brought $925,000 to top the opening session of the Keeneland September yearling auction Sept. 14, the prognosis for the Mari's Book mare looked grim. She is battling laminitis, and there were concerns that she would need to be euthanized just days after her son had been sold.
The Ocala Breeders' Sales Co. has cataloged 688 horses for its two-day fall mixed sale in Central Florida. There will be a consignor preferred session Oct. 12 with 290 lots, and it will be followed by an open session Oct. 13. Selling will begin on both days at 10:30 a.m. (EDT).
Taylor Made Sales Agency will host its 10th Annual RNA Party Sept. 18, from 4 to 7 p.m. at the sales agency's yearling complex on East Hickman Road near Nicholasville, Ky.
A filly from the last full crop sired by leading stallion Storm Cat was purchased by Westrock Stables for $675,000 to top the early portion of the Thursday, Sept. 17, Keeneland September yearling sale.
The New York Breeders' Sales Company has cataloged 201 mares, yearlings, weanlings, and horses of racing age for its fall breeding stock sale, which will be held Oct. 18 at Saratoga Race Course in Saratoga Springs, N.Y. The auction will begin at noon (EDT).
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.
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