Mary Knight

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Barretts Sale Up In Average, Median

A smaller catalogue led to a lower gross, but the major indicators were positive for Barretts at its October yearling sale. Held Oct. 2, the auction showed significant gains in average and median.

Barretts Downturn Coincides With Stock Market Decline

On March 12, the Nasdaq composite index sank below 2000 and the Dow Jones industrial average experienced a staggering 436-point drop. The following day, Barretts conducted its select sale of 2-year-olds in training and suffered one of its worst financial beatings ever. The gross, average, and median all declined sharply. The buy-back rate climbed to its second-highest level in the auction's history. And the sale failed to produce a seven-figure horse for the first time since 1996. Just a coincidence? Gerald McMahon didn't think so. The Barretts president saw a direct link between Wall Street's crash and his California-based company's plummeting fortunes.

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