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
- Arrogate Named 2016 Longines World's Best Racehorse
- Smith Eagerly Awaits 'Chrome'-Arrogate Rematch
- Arrogate, California Chrome Meet Again in Pegasus
- Arrogate Celebrated as Longines World's Best Racehorse
- Steve Haskin's Derby Dozen - January 24, 2017
- Lea Gets Bay Filly as First Foal
- Total of 418 3-year-olds Nominated to 2017 Triple Crown
- Behind Scenes of Arrogate’s World’s Best Ranking
- Pegasus Features Several Unique Conditions
- Champion Steeplechaser Rawnaq to Miss 2017 Season