Even though it's still early in the new millennium, the Thoroughbred auction business already has had to struggle through two downturns.
You look at Steve Bajer and John O'Hara moving around the sales at Keeneland each September and November, and they seem like two guys who took a wrong turn on the way to a fishing trip. Download Now
Alan Greenspan says a sustained stock market rally would be the best thing for the American economy and it also would help the Thoroughbred auction business as well. Read Blog
In the best of all possible worlds, every yearling offered at Keeneland would find a buyer. Read Blog
Complications arising from scheduling make it impossible for the New York Breeders Sales Co. to hold its fall breeding stock sale this year, officials said Sept. 13.
Keeneland has successfully developed the September sale into the largest international marketplace for Thoroughbred yearlings. But will the sale continue offering the kinds of horses European buyers want? Read Blog
Hammer Time's Deirdre Biles reviews the results of the Fasig-Tipton Kentucky July select Yearling Sale. Read Blog
Steve Castagnola, the director of client development at Taylor Made Sales Agency in Kentucky, is leaving his position to begin his own bloodstock agency, it was announced Aug. 4.
A group of commercial breeders have combined to form a new public sales agency, Select Sales LLC, which plans to offer its first consignment at this year's Fasig-Tipton Kentucky select yearling sale in July.
Craig Bandoroff, owner of Denali Stud near Paris, Ky., has hired Savannah Short as the farm's director of sales.
After its ninth day, which produced a session-topper of $400,000, the marathon Keeneland September yearling sale business-wise remained down. But given recent developments on Wall Street, overall economic stagnation, and the aftermath of hurricanes, things could be much worse, consignors said.
An Indian Charlie filly topped the Sept. 16 session at the Keeneland September yearling sale, going for $250,000.
Kingmambo and A.P. Indy, two stallions who stand at Will Farish's Lane's End Farm, emerged on top of the list of leading sires of yearlings sold (minimum three sold) during the Sept. 9 second session of the Keeneland September yearling sale.
Sheikh Mohammed's "friends" buying under the Rabbah Bloodstock banner; seven-figure success for Rob Whiteley; Starlight Stables in action.
The Consignors and Commercial Breeders Association (CBA) has developed a series of questionnaires that are designed to help standardize the pre-sale information that consignors gather from horse owners or their representatives.
The most recent version of rules governing horse sales in Florida were published for public comment May 9. The regulations are being touted as a successful compromise by some of those involved in the process.
Earle I. Mack, who led the push for pending auction reform legislation in Florida, has come out in support of a strong policy statement recently released by the Thoroughbred Owners of California regarding horse sales.
By - Dan Liebman - Usually, if sales of young horses are up, so too are sales of broodmares and broodmare prospects. As this issue devoted to the auction market shows, 2007 was a bit different.
A colt by Posse out of the Phone Trick mare Reverse the Call brought $200,000 to top session one of Fasig-Tipton's Preferred New York-bred Yearling Sale in Saratoga Springs Aug. 10, where the average, gross, and median were all up.
A squadron of bold new buyers in the middle market lifted up the Japan Racing Horse Association select sale, keeping the foal portion nearly on pace with last year's scorching record results even though there were fewer players competing for the most expensive horses.
Arlington Park president Roy Arnold announced April 9 that Ken Kiehn has been named as vice president of sales, marketing and guest services for the Illinois track.
Two veteran horsemen and a former chief operation officer of Magna Entertainment have launched a full-service sales agency in Kentucky that will offer select consignments to major public auctions. Crossroads Sales will offer their initial consignments this year at the Fasig-Tipton Kentucky July and Keeneland September yearling sales.
Dancing Band, a 4-year-old daughter of Dixieland Band, brought $250,000 to top Monday's concluding session of the Fasig-Tipton Winter Mixed Sale at the Lexington pavilion.
Fasig-Tipton and Keeneland have formed a committee that includes veterinarians and breeders to develop a policy that will involve testing for the inappropriate use of anabolic steroids at their Kentucky sales.
More than two-thirds of respondents to a Thoroughbred Owners and Breeders Association survey of auction buyers indicated they are less likely to purchase a horse that has undergone a surgical procedure prior to being sold.
The end of the tunnel is in sight. Not that those who run Magic Millions want it to be. As day three of the broodmare section of the 14-day long Magic Millions sale on the Gold Coast wound down, new heights were reached yet again.
The catalog for the 2006 Barretts May sale of 2-year-olds in training is now online. A total of 378 head have been entered in the sale that will be conductted Tuesday, May 16 in the Hinds Pavilion located on the grounds of Fairplex Park in Pomona, California beginning at 10:30 a.m.
Keeneland has cataloged 223 horses for its 14th select sale of 2-year-olds in training in Lexington. The number is down from 262 in 2005.
Grade II winner Storm Wolf, 2004 California-bred champion 2-year-old Texcess, and grade II-placed Papa to Kinzie are among 35 horses, including 19 horses of racing age, supplemented to the Barrett Equine 2006 January Winter Mixed Sale.
A record 2,508 head will be offered when the Keeneland January Horses of All Ages Sale begins Monday, Jan. 9. The sale runs through Sunday, Jan. 15, with sessions starting at 10 a.m.(ET) daily.
Brewer Racing Stable and Murray Smith, who together this year have campaigned grade I stakes-winning 2-year-old filly Wild Fit, will offer her as a racing prospect Nov. 6 at the Fasig-Tipton mixed sale in Lexington.
The first-ever code of ethics for the Thoroughbred auction industry was introduced Dec. 16 during a press conference at Keeneland.
Keeneland has begun work on the expansion and renovation of its sale pavilion. The work, to be done in three phases around the sale calendar, is expected to be completed by next August.
The Sales Integrity Task Force will meet for the third time Friday at Keeneland, and within a week, will hold a press conference to release its first recommendations to the industry.
The Sales Integrity Task Force, formed this summer, plans to have a position paper ready for public review after its next meeting in November, chairman Cothran "Cot" Campbell said.
The marathon Keeneland September yearling sale continued on a torrid pace Thursday, with the gross, average, and median prices up 34.5%, 47.9%, and 68.2%, respectively, over the same session one year ago and the sale is on course to be the biggest grossing sale in Keeneland history.
By the end of the Monday's session of the marathon Keeneland September yearling sale, the gross of $285,579,700 through seven days of selling surpassed the total receipts of $274,125,300 for all 12 sessions in 2003 and was already the second-highest in sale history.
Yearlings sired by Storm Cat were in demand Thursday night during the third and final session of the Fasig-Tipton Saratoga yearling sale in Saratoga Springs, New York. After gross and average price declines during the Tuesday and Wednesday sessions, numbers rose during the final session when compared with the same night one year ago.
In a press release issued Friday, The Thoroughbred Owners and Breeders Association said it "will take a lead role" in the formation of a task force to study practices involving Thoroughbred sales as suggested by the Alliance for Industry Reform (AIR).
- By Dan Liebman
By Dan Liebman -- Among the comments heard at the Fasig-Tipton Kentucky July yearling sale were two that were neither profound nor lengthy, but nonetheless quite significant. From Patrick Lawley-Wakelin: "People were more prepared this year." From Walt Robertson: "It is a good time to own a horse."
Barretts Equine Limited has signed a multi-year agreement with Live Global Bid to provide Web-casting and internet bidding on Barretts auctions..
Keeneland sale results soon will be available on Web-enabled wireless devices.
All signs indicate that the market for 2-year-olds in training will continue to surge when the Ocala Breeders' Sales Company conducts its select March auction Tuesday and Wednesday in Central Florida.
Tattersalls in England and Goffs in Ireland have reached an agreement for 2004 that will eliminate conflicts in yearling sale dates.
Keeneland is suing Bradley McDonald of New Zealand for $2,259,624 after he failed to pay for horses he purchased at the Kentucky-based company's 2003 September yearling sale.
Robert LaPenta, the Connecticut communications company executive who campaigns Kentucky Derby (gr. I) contender The Cliff's Edge, went to $1,050,000 Monday to acquire a son of
By Cot Campbell -- The prime necessary ingredients to attract and retain horse owners are: glamour, recognition, tax benefits, and profit. In that order.
The gross up 44%, average up 28% and a median that had risen 17% told the story of a remarkable Tattersalls October Yearling Sale, which finished in Newmarket last night.
Following discussions between the two Europea auction companies, Goffs and Tattersalls (Ireland) have agreed to swap the sales dates for the 2003 Goffs Orby and Challenge sale and the Tattersalls (Ireland) September yearling sale.
The Society of International Thoroughbred Auctioneers has announced that purse money earned in Canada since Jan. 1, 2003 will be denoted separately in future North American sales catalogues. The new policy will not be retroactive.
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