While the amount of money wagered on each U.S. race increased in August, a decline in the number of races offered proved too steep a hurdle as total wagering declined 0.37% compared with August 2013.
Racing continues to show some growth in 2012. In September, handle on U.S. races improved 2.6% and purses were up 13.77%.
A strong storm system that swept across Central Florida Aug. 21 failed to dampen the enthusiasm of buyers attending the Ocala Breeders' Sales Co.'s August yearling auction in Central Florida.
The Arqana Deauville yearling sale ended its four-session run in France Aug. 21 with a 2.2% increase in average price from a year ago. The gross revenue declined 9.6% and the median price remained the same.
A son of High Chaparral was the most expensive horse sold during the third session of the Arqana Deauville August yearling sale, bringing €220,000 ($271,313 in U.S. funds).
Ocala Breeders' Sales Co. officials are cautiously optimistic that the August yearling sale can pick up right where the sales company's juvenile sale season ended: on a high note.
A son of Sea The Stars topped Part 1 of the Arqana Deauville August yearling sale in France by bringing 1.2 million euros ($1,479,740 in U.S. funds) during the second and final session.
A daughter of Galileo commanded the top price of 1.1 million euros ($1,357,800 in U.S. funds) during the opening session of Arqana's Deauville August yearling sale in France.
The 2011 Arqana August yearling sale in Deauville bounced back in style during its four-session run following a below-par 2010 renewal.
An Invincible Spirit colt, which brought 440,000 euros ($633,147 in U.S. funds), was the most expensive horse sold during the opening session of Arqana's Deauville August yearling sale in France.
Higher racing purses in the Empire State resulting from the opening of a VLT casino won't be limited to New York-breds.
The combined gross and average for the select and open portions enjoy upswings.
The average price for the first open session rises 29.1% while the median price increases 62.5%.
The median price rose 8% as the yearling sale began its three-day run in Central Florida.
Consignor and OBS board member Francis Vanlangendonck expects fairly solid results for the August yearling sale.
The three-day Florida auction has 901 yearlings in its catalog.
Starting the auction on a Tuesday (Aug. 24), instead of a Monday, will make the auction more convenient for buyers.
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.
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.
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.
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.
The Ocala Breeders' Sales Co. has cataloged 1,151 yearlings for its August yearling sale. The number is down 14.2% from last year, when 1,342 horses were in the book.
The Ocala Breeders' Sales Co. (OBS) recently revised the results for the 2008 August yearling sale on its Web site (www.obssales.com) because of new rules governing horse auctions in Florida that took effect in July. Sale companies now are required to disclose any horses that did not change ownership after being reported as sold.
The Ocala Breeders' Sales Co. August yearling sale ended its four-day run Aug. 21 with figures more in line with last year's, as compared to the previous sessions, which had brought numbers considerably lower than 2007's comparable sessions.
The Ocala Breeders' Sales Co. (OBS) has cataloged 1,342 yearlings for its August yearling sale, which will be held in Central Florida Aug. 18-21. The auction will begin with a select session of 230 select yearlings; three open sessions will follow.
Offspring by City Place, Songandaprayer, Lightnin N Thunder, Lion Heart could make a splash Monday during the select session of the Ocala Breeders' Sales Co. yearling auction.
There are 1,508 horses in the catalog for the Ocala Breeders' Sales Co. August yearling sale, which will be held in Central Florida.
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