A session-topping Real Saga colt for $240,000 ($252,929 US) was one of a dozen horses to sell for six figures at the fifth session of the Magic Millions Gold Coast yearling sale in Australia Jan. 13.
Buyers and consignors talk about how they are dealing with the sharp downturns in the market at the Keeneland November breeding stock sale and other auction-related issues.
With the auction business slowing down and the costs of production rising, it isn't an easy time to be a Thoroughbred breeder. Horsemen who profited from rallying bloodstock prices for much of the 1990s are being forced to reevaluate the financial health of their operations and revise economic strategies. The situation is particularly difficult for farm owners who derive most of their income from horses that fit into the middle and lower levels of the market.
Most Popular Stories
- California Chrome Returning Early From Break
- 'Power' Pair Square Off in July Cup
- Paladin Bay Seeks to Tame Bison City Stakes
- 'Princess' Looks Tough in Delaware Handicap
- Isabella Sings First Winner for Eskendereya
- Social Inclusion Breezes for Haskell
- Boston and Suffolk Downs Begin Planning
- Xpressbet to Sponsor West Virginia Derby
- Del Mar's Paddock Sale to be Held July 20
- Heerman Shaped Today's Thoroughbred Sales