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Blue Skies?

By Ray Paulick -- The three nights of horse trading that took place at the Saratoga yearling sale were electrifying.

Yearling Sale, As Viewed From Comfort of Your Couch

For more than three hours Monday night, the Keeneland July yearling sale was beamed into the homes of people who can access the TV Games Network either on cable television or by satellite dish. It was somewhat of a breakthrough for the auction end of the business, which generally gets little exposure away from sale pavilions.

Sales Cycle

By Ray Paulick -- The 2000 Keeneland July yearling sale is going to be a tough act to follow, but that could easily have been said about any of the last five installments of the world's premier auction of young racing prospects.

More of the Same at Keeneland's Juvenile Sale

Sale records were established for average and median during Keeneland's April auction of 2-year-olds in training. But those results didn't tell the whole story about what happened on a cold and snowy spring day in Central Kentucky. The buy-back rate inched upward to a sale-record high. The number sold plunged to a sale-record low. And consignors complained often about buyers who were too picky and too few in numbers. In other words, the auction experienced many of the same problems that afflicted earlier juvenile sales this year in Florida and California.

OBS March Select Sale: Ridin' High

Rubbing his eyes, Randy Hartley tried to stop the tears from flowing. His voice cracked with emotion as he described what it was like to sell a son of Dehere for $1,050,000 at the Ocala Breeders' Sales Company's March select auction of 2-year-olds in training.

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.

In Search of Classic Winners: Sales Are a Prime Source

How do you get a classic winner? Do you build up a broodmare band, then nurture the resulting offspring and race them as homebreds? Or do you leave all the work associated with foal production to someone else and go shopping at one of the many sales that offer young horses? Combing the sales for classic prospects is a viable option. In fact, during the past 15 years, most winners of the Kentucky Derby (gr. I), Preakness (gr. I), and Belmont Stakes (gr. I) were offered at public auction prior to their classic triumphs.

Harsh Reality: Selectivity at Fasig-Tipton Juvenile Sale

Buyers at the top of the juvenile market may turn out in droves for an auction. They may fill the grandstand to watch under tack shows, and send a small army of veterinarians and agents to look at the horses. But they are just as picky as ever, maybe even more so. That was the harsh reality faced by consignors during the Fasig-Tipton Florida select sale at Calder on Feb. 27.

Price No Upset

By Suzi Shoemaker -- When six leading sale companies announced a policy last year of a $1,000 opening bid ("upset") for breeding and paddock sales, it sounded great to most breeders and consignors. But in the first two months of 2001, a lot of Thoroughbreds are suddenly worth nothing.

'Typical' Keeneland January Sale Concludes With $39-Million Gross

Gross sales totaled $39,657,700 for 1,207 horses during Keeneland's six-day January Horses of All Ages Sale which ended Saturday afternoon. It was the fifth highest total in the history of the auction but short of the $60,951,200 paid for 1,239 horses and two stallion shares a year ago in January. This year's average was $32,856 compared to $49,183 in 2000.

Storm Cat Filly Brings $1.7 Million at Keeneland

Magicalmysterycat, a 4-year-old multiple grade II winning daughter of Storm Cat, became the first seven-figure transaction of the 2001 Keeneland January Horses of All Ages sale when she was purchased by WinStar Farm for $1.7-million Tuesday. The chestnut filly produced from the multiple grade II winner Nannerl (by Valid Appeal) was consigned by Eaton Sales, agent for Anne and Satish Sanan's Padua Stables. Padua had paid $1.1 million for Magicalmysterycat at the 1998 Keeneland September yearling sale. Trained by D. Wayne Lukas, Magicalmysterycat won the Schuylerville and Landaluce Stakes, both grade II, as a 2-year-old.

Last In, First Out

By Bruce Smart -- Articles describing the 2000 yearling sales have trumpeted the enormous prices being paid for fine physical horses by fashionable sires. But for the "little guy" breeder a darker aspect of today's market hits harder -- the financial disaster represented by the prices for the many race-worthy yearlings that lack a stylish pedigree and fall short of physical perfection.

Record Setting Fasig-Tipton Sale Concludes

Sale records were established for the number of horses sold, gross revenue, and average price at the Fasig-Tipton Midlantic Eastern fall yearling auction, which ended on Wednesday. In addition, more horses were sold for six-figure prices than ever before.

Lemon Aid

By Dan Liebman -- Now that things in the Thoroughbred market have been spiraling up again in dramatic fashion, it is only natural to begin wondering what the future holds.

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