NEWS: sales

It’s a wrap: NY-breds gain ground at OBS Spring, top-end sales expand

Saturday, April 25th, 2015
by Sarah Mace

New York-breds made a strong showing during a robust renewal of the Ocala Breeders’ Sales Company’s spring sale of 2-year-olds in training, matching the overall sale median and gaining ground in average price over last year. The New York-bred market at the very top end also expanded significantly. The standout in the final session of the four-day auction, who fetched $265,000, brought the total of New York-breds selling for six figures up to 15, and the number selling for $200,000 and up to six.

In all 79 New York-breds changed hands at OBS of 103 offered, which includes 10 private sales, for a buyback percentage of 23.3. Although this number is up from last year’s New York-bred 16.7 percent buyback rate at the same sale, the sale overall saw the same year-to-year trend. In 2014 the full sale buyback percentage was 18.2. This year it rose to 22 percent.

The average price for a New York-bred juvenile of $66,759 at OBS rose 4.8 percent over last year’s $63,714 average. The cumulative overall sale average was a sale record $79,455, up 7.4 percent over last year’s record. The New York-bred median of $45,000 was down a tick or two from last year’s $47,000, but equal to the overall sale median, which held steady from last year.

The most marked trend this year for Empire-breds at OBS, which reflects a broader market trend for New York-bred 2-year-olds over the last two years, came at the very top of the spectrum. In 2014, 17 horses brought six figures, with four individuals commanding $200,000 and up, and a single juvenile selling for over $300,000. This year, despite a smaller population of New York-bred participants in the sale (103 offered in 2015, down from 126 offered in 2014), 15 horses cracked six figures, six brought $200,000 and up and three sold for $300,000 and up. The New York-bred sale topper, who fetched $310,000, was a sales coup for New York-based freshman sire Here Comes Ben (McMahon of Saratoga Thoroughbreds). Read more.

The New York-bred standout in the sale’s final session was Hip 1148, a chestnut Summer Bird colt bred by Fred W. Hertrich III and John D. Fielding who posted a furlong work in :10.2 at the under tack show. The colt sold to Steven Venosa’s SGV Thoroughbreds at the Fasig-Tipton New York-bred preferred yearling sale for $55,000. At OBS Narvick International secured him from SGV Thoroughbreds for $265,000. Summer Bird’s first crop are 3-year-olds of 2015.

Foaled on February 17, 2013, the sale colt is the second foal of a young unraced daughter of Vindication named Homecoming Dance, who is a half-sister to graded stakes performer Milam and issues from the family of Trumpet’s Blare and Albert the Great. Homecoming Dance has a registered New York-bred yearling by Archarcharch and was bred in 2014 to Morning Line.

OBS sees Empire-bred Unbridled’s Song filly bring $300K in session three

Friday, April 24th, 2015
by Sarah Mace

Thursday’s third session of the 2015 Ocala Breeders’ Sales Company’s spring sale of 2-year-olds in training saw a third New York-bred hit the $300,000 mark when Hip 876, a grey/roan juvenile by Unbridled’s Song, became the sale’s new top-selling New York-bred filly. Trainer John C. Kimmel signed the ticket on behalf for Tobey L. Morton.

Bred by Gainesway Thoroughbreds LTD and foaled on April 14, 2013 at Edition Farm in Hyde Park, Hip 876 posted a :10 2/5 eighth work last Friday for consignor SGV Thoroughbreds (Steven Venosa), Agent. As a yearling she was purchased by Douglas A. Arnold at the Fasig-Tipton New York-bred preferred sale in Saratoga for $135,000.

The new filly topper is the first foal out of Church Camp, a young stakes-winning Kentucky-bred mare by Forest Camp. Purchased in foal by Gainesway at the 2012 Keeneland November sale for $200,000, Church Camp comes from the family of multiple graded stakes winner Middlesex Drive and is a half-sister to stakes performer Jodys Deelight.

Another standout New York-bred filly by a young mare on Wednesday at OBS was Hip 605, a chestnut daughter of Curlin, who was purchased by Stonestreet Stables for $260,000 after working an eighth in :10 1/5.

Bred in partnership by Pucker Ridge Farm LLC and Stonestreet Thoroughbred Holdings LLC and foaled on April 10, 2013 at Pucker Ridge Farm in Warrensburg, the Curlin filly is the first registered New York-bred, and second foal out of Trust N Intuition, a winning daughter of Trust N Luck bred in New York by Jan Sherrard and Leigh Bartlett. The dam of Trust N Intuition, Mandy’s Miss, is a sister to multiple stakes winner Monk’s Falcon and to stakes winner and producer Darlene’s Friend.

Through the first three days of the Ocala juvenile auction, 57 New York-breds have sold of 79 offered, including 9 private sales, which translates to a 28 percent buyback rate, more or less on par with the general sales buyback percentage of 26.8.

Six New York-breds have brought six figures so far and have averaged $69,895 per lot with a median price of $50,000. In the general population of the sale, the cumulative average is $77,587, up 4.3 percent from $74,359 in 2013, and the median stands at $48,000, up 3.2 percent from $47,000.

The fourth and final session at OBS begins on Friday at 10:30 a.m.

Click here to view New York-bred auction hips.

Colts by Here Comes Ben and Scat Daddy fetch $300K and up Wednesday at OBS

Thursday, April 23rd, 2015
OBS Logoby Sarah Mace

A pair of colts highlighted New York-bred sales at Wednesday’s second session of the Ocala Breeders’ Sales Company’s spring sale of 2-year-olds in training, led by Hip 581 from the first crop of New York-based sire Here Comes Ben (McMahon of Saratoga Thoroughbreds), who fetched $310,000. The Here Comes Ben colt and a colt by Scat Daddy who brought $300,000 were the fifth and sixth top lots of the day.

Bred by Patricia L. Moseley and foaled on March 23, 2013 at Cedar Ridge Farm in Pine Plains, the dark bay / brown Here Comes Ben colt was purchased Japanese buyer K. K. Eishindo, who campaigned A Shin Forward, the second highest all-time New York-bred earner ($3,421,360). The sale was an enormous pin-hooking coup for consignor Rick Lopez, who purchased Hip 581 privately as a weanling for a scant $3,000 at the second renewal of the Fasig-Tipton Saratoga fall mixed and horses of racing age sale in 2013.

The colt, who worked a co-fastest eighth in :10 flat in the under tack show last Wednesday, is the fourth foal out of Thundersnow, an unraced Kentucky-bred daughter of Storm Boot, who has produced one winner from two foals to start. Thundersnow’s second dam Santiago Suzie is a stakes winner and third dam Mocita Mia (CHI) is a Group 1 winner in Chile. Here Comes Ben, by Street Cry (IRE), who won the Grade 1 Forego Stakes at Saratoga and banked over $400,000, stands at the McMahons’ Saratoga farm for $7,500. According to The Jockey Club 47 live foals were reported from his first crop.

Slightly earlier in the second session Team D went to $300,000 to acquire Hip 536, a chestnut colt by Scat Daddy who breezed an eighth in :11 flat. Bred by Pat Pavlish and foaled on April 13, 2013 at Akindale Farm in Pawling, the colt was purchased previously by his OBS consigner Cary Frommer for $162,000 at last year’s Fasig-Tipton New York-bred preferred sale in Saratoga.

Frommer told the TDN, “Don’t think we weren’t worried when he worked in :11 flat. The key was he got going midway through the breeze and people could see that on the tape and then he just kept going. He galloped out as good as any horse at the sale that day and a lot of the other days, too. He had a beautiful video and he kept going and he wouldn’t have blown out a match when he was done. He just walked home flat footed, nice and not even breathing heavy.” [ThoroStride gallop out video]

Added Frommer, “When I saw him as a yearling, I just felt like he was the real deal. He just caught my imagination and I just loved him and I told the people that were with me as a group and they all agreed and they bought him.”

The colt’s dam Sunny, a winning daughter of Dixieland Band, is a half-sister to multiple stakes Winner Wake Up Kiss and two other stakes performers. Wake Up Kiss is dam of $3.4 million dollar New York-bred earner and Grade 1 winner in Japan A Shin Forward (see also above). Also appearing in female family are Grade 1-winning millionaires Dare and Go and Go Deputy, and sire Quiet American.

With the first half of the OBS spring sale in the books, 34 new York-breds have changed hands of 48 offered (including five private sales) for an average price of $69,721 and $50,000 median.

The second day of trading at OBS, which featured a record-setting $1.9 million Tapit filly, was robust overall. The cumulative average for the sale was $87,281, up 13.5% from $76,891 in 2013, and the median price was $50,000, up 11.1% from $45,000 last year.

The sale continues Thursday at 10:30 a.m.

Click here to view New York-bred auction hips.

Kantharos filly goes for $225K in opening session of OBS Spring

Wednesday, April 22nd, 2015
OBS Logoby Sarah Mace

A chestnut filly by Kantharos named Ancient Secret (Hip 277), who posted a sharp quarter-mile work in 21 1/5 last Tuesday, emerged as the top New York-bred seller in the opening session of the Ocala Breeders’ Sales Company’s Spring sale of 2-year-olds in training. Steven W. Young, Agent made the winning bid of $225,000, which also made Ancient Secret the fifth top seller of the session overall, and second best-selling filly.

Bred by Lambholm, foaled at Cedar Ridge Farm in Pine Plains and consigned by de Meric Sales, Agent, Ancient Secret is the first registered New York-bred out of Privacy, a winning Florida-bred mare by Notebook also bred by Lambholm. Privacy is a half-sister to stakes winner Admonition and the filly’s third dam is Funistrada, winner of the Grade 2 Fall Highweight Handicap in 1986. Florida-based sire Kantharos, whose first foals are 3-year-olds of 2015, has one stakes winner and seven stakes performers.

Two more Empire-bred fillies brought six figures, one via a private sale. Hip 202 a grey/roan daughter of Jump Start bred by Burning Sands Stable, LLC, foaled at Rockridge Stud in Hudson and consigned by King’s Equine, Agent, went to conditioner Linda Rice, Agent for $180,000. The filly turned heads last Tuesday when she turned a 10 flat co-bullet breeze for Raul Reyes’ Kings Equine, who purchased her at last year’s Fasig-Tipton Kentucky fall sale for just $32,000 from the consignment of Four Star Sales. Out of multiple stakes winner Office Miss, by Silver Ghost, who was bred in New York by Howard Nolan, the filly is from the female family of Grade 1 winners Artie Schiller, Hidden Light and 1987 Horse of the Year Ferdinand. The filly has four winning siblings.

Hip 56, a chestnut daughter of Scat Daddy, who clocked an eighth of a mile in 10 1/5 seconds, changed hands for $160,000 by private sale, going from Cary Frommer, Agent, to Narvick International. Bred by RFHF Mares Rule, foaled at Rhapsody Farm in Plymouth and purchased by Frommer last summer for $85,000 at the Fasig-Tipton New York-bred sale, the filly issues from the family of graded winner Soldat. Her dam, Ontario-bred multiple winner and multiple stakes performer Lightning Pace by Regal Classic, has produced three winners including the multiple stakes placed earner of $236,128 Fighting Hussar (Rockport Harbor).

The top New York-bred colt in Tuesday’s opening session sold for $100,000: Hip 220 by Curlin out of Our Perfect Ten (Medaglia d’Oro). Bred by Twin Creeks Farm, foaled at Sequel Stallions NY in Hudson and consigned by Mayberry Farm, Agent, he sold previously as a Fasig-Tipton Kentucky yearling for $97,000. His young dam, none of whose foals are racing age, is out of a sister to multiple Grade 2 winner Elaborate.

Overall 15 New York-breds sold in the sale’s first session out of 22 offered, and brought an average price of $66,933 and a median price of $55,000, both numbers outperforming the overall session average of $59,158 and median of $42,000.

The sale resumes Wednesday 10:30 a.m., with the second of four days of trading.

Click here to view New York-bred auction hips.

Last New York-bred through the ring at OBS March brings $560,000

Thursday, March 19th, 2015
by Sarah Mace

The very last New York-bred to pass through the OBS March auction ring during the sale’s two-day run this Tuesday and Wednesday turned out to be the most successful, when Hip 610, a colt by Sidney’s Candy, who leads freshman sires by 2-year-old in training sales average, sold to L. E. B. for $560,000. Empire-breds fared well at the sale overall, with four of the 22 who changed hands bringing at least $270,000 and 16 individuals commanding six-figures.

Hip 610, who turned in an eighth of a mile breeze in :10 1/5 in the under tack show, was consigned by Hartley / DeRenzo Thoroughbreds, LLC, agent, who purchased him for $160,000 at last summer’s Fasig-Tipton preferred New York-bred sale in Saratoga. He sold previously as a weanling to Gino Antonio for $140,000 at the 2013 Keeneland November Sale.

Bred by SF Racing, LLC, and foaled on March 10 2013 at Vinery NY at Sugar Maple in Poughquag, the chestnut colt is the second foal out of Broadway Hennessey (Hennessy), a Kentucky-bred juvenile stakes winner of nearly $100,000 and new track record setter for 4 1/2 furlongs at Golden Gate Fields (51.70). Purchased by SF Bloodstock for $70,000 at the 2010 Keeneland November sale, the mare is also a half sister to graded stakes placed stakes winner Courageous Act. Broadway Hennessey’s first foal is a registered New York-bred 3-year-old gelding by Super Saver, named Super Show, who has not started.

Also well received on Wednesday was Hip 496, a gray or roan colt by Bellamy Road purchased by Little Red Feather Racing for $415,000 after working an eighth in :10 1/5 for Becky Thomas and Justin Casse’s consignment. The colt RNA’d for Sequel Stallions for $95,000 at last year’s Fasig-Tipton sale of selected yearlings in Saratoga.

Bred by Sequel Thoroughbreds / JMJ Racing and foaled at Sequel Stallions New York in Hudson, the Bellamy Road colt is out of Throbbin’ Heart, a stakes winner by Smoke Glacken who has produced three winners from three foals to start, including multiple stakes placed juvenile Roaming by Quality Road. Throbbin’ Heart was purchased with the sale colt in utero by Wrangler Stable for $82,000 at the 2012 Keeneland November sale.

The top filly in sale, and top New York-bred in Tuesday’s first session was a juvenile by Majestic Warrior bred by Sequel Thoroughbreds / Twin Creeks Racing (Hip 225) who drew a winning bid of $300,000. Read more.

A pair of successful New York-bred OBS sellers sired by current or former New York stallions are also worth noting. Hip 509, a bay March 20, 2013 colt by former New York sire Noonmark (now relocated to the Philippines) went to J C Company Ltd for $270,000 after having garnered considerable pre-sale attention by turning in a bullet quarter-mile breeze in :20 2/5.

Bred by Sequel Thoroughbreds, Hidden Lake Farm, and Elena Ahlschwede, foaled at River Valley Farm in Germantown and consigned by Eddie Woods, the Noonmark colt, who is named Bernie’s Prize, is the first foal out of the unraced Friends Lake mare Truss. His dam is a half sister to New York-bred graded winner Khancord Kid and he issues from the family of champion Shared Belief, Grade 2 winner and sire Half Ours and stakes-placed sire Yankee Gentleman. Previously the colt brought $60,000 at the 2014 Fasig-Tipton Midlantic fall yearling sale.

The top-selling OBS New York-bred by a current New York sire was Hip 607. The bay filly from the first crop of Courageous Cat turned in a sharp furlong breeze for consignor Jimmy Miranda in :9 4/5 and ended up going to Michael Dubb for $150,000. The filly sold previously for $30,000 as a weanling to Very Unstable at the Fasig-Tipton New York fall mixed sale last October.

Bred by W.S. Farish, Inwood Stable & BCWT, LTD., the January 29, 2013 filly is the second foal out of Bridesmaid, a Texas-bred juvenile stakes winner and half sister to Grade 2 Peter Pan winner Postponed. The sale filly’s second dam is multiple graded winner Chapel of Dreams. Her sire Courageous Cat stands at Questroyal North near Stillwater, where she was foaled, and will have his first runners in 2015.

The cumulative numbers for New York-breds at the sale were very good. Of 31 juveniles offered, 22 sold for an average of $161,682, not far off the cumulative average for the general population of the sale, which was  $170,804. The New York-bred median price of $132,500 well outperformed the sale median of $105,000.

Majestic Warrior filly brings $300,000 in opening session of OBS March

Wednesday, March 18th, 2015
by Sarah Mace

A Majestic Warrior filly bred by Sequel Thoroughbreds / Twin Creeks Racing (Hip 225) drew a winning bid of $300,000 from Speedway Stable to top the New York-bred offerings in the opening session of the new larger-format OBS March sale of 2-year-olds in training on Tuesday.

Consigned by Cary Frommer, who purchased the filly for $140,000 from Sequel Stallions New York at the 2014 Fasig-Tipton New York-bred preferred sale, the bay filly breezed an eighth of a mile in :10 1/5 seconds in the under tack show.

Foaled on May 3, 2013 at Sequel Stallions New York in Hudson, the sale filly is the fifth foal out of Kettle’s Sister (More than Ready), the dam of Vinceremos (Pioneerof the Nile), winner of the Grade 3 Sam F. Davis Stakes and second in the Grade 2 Tampa Bay Derby. The mare’s first foal Dr. Chase (Tiz Wonderful) is also a winner.

The filly’s second dam is stakes placed Safe at the Plate, who is a half-sister to champion sprinter and $2.1 million dollar earner Safely Kept. Kettle’s Sister currently has a yearling filly by Mission Impazible, to whom she was bred back in 2014.

The top New York-bred colt on Tuesday was Hip 131, dark bay or brown individual by Super Saver purchased for $180,000 from Charlotte Weber’s Live Oak Plantation, the buyer of four lots in the session including the session-topping Bernardini colt, for $1.4-million.

Bred by Carl Bennett and foaled on May 11, 2013 at Hilltop Stable in Deposit, the sale colt worked an eighth of a mile in :10 2/5 in the under tack show and came into the ring with plenty of auction experience under his belt. Secured by Damien Farms as a weanling at the 2013 Keeneland November sale, he RNA’d at $145,000 as a Keeneland September yearling before selling to Boomer Investments for $100,000 at the 2014 Fasig-Tipton Kentucky October yearling sale. His consignor at OBS was Hartley / De Renzo Thoroughbreds.

The colt’s dam is Fly the Colors (Giant’s Causeway), who was purchased by Carl Bennett at the 2010 Keeneland November sale for $40,000. The producer of two winners, including six-figure earner Twin Engine by Mr. Greeley, Fly the Colors is out of Grade 1 winner Runup the Colors (A.P, Indy) and a half-sister to talented Louisiana Derby winner and millionaire Revolutionary by War Pass. Last year Fly the Colors was bred to Lonhro (AUS).

Nine New York-bred juveniles sold in in the sale’s opening session of 15 offered for an average price of $121,333 and $120,000 median. The sale concludes on Wednesday, March 18 with hips 305-610. Click here to view New York-bred hips.

Bluegrass Cat colt, Tale of the Cat filly top New York-breds at Fasig-Tipton Florida

Thursday, March 5th, 2015
by Sarah Mace

A Bluegrass Cat colt out of a half-sister to Golden Missile was the top-selling New York-bred at the Fasig-Tipton’s Florida sale, which took place for the first time at Gulfstream Park on Wednesday. A filly by Tale of the Cat, who issues from an accomplished family of New York-breds, took the top honors on the distaff side.

The bay Bluegrass Cat colt (Hip 81) was purchased by LRK Stable Inc. for $185,000 from the consignment of Eddie Woods, Agent LXIII, after working an eighth of a mile in 10 1/5 seconds in Monday’s under tack show. A successful pinhook, colt sold previously in Saratoga as a Fasig-Tipton New York-bred preferred yearling for $80,000.

Bred by WinStar Farm, LLC and foaled on February 26, 2013 at Vinery New York at Sugar Maple Farm, Hip 81 is out of winner-producer Santa Vindi (Vindication). Santa Vindi is a half-sister to multiple graded stakes winner, $2.1 million-earner and successful New York sire Golden Missile (A.P. Indy); their dam is multiple graded stakes winner Santa Catalina.

The top-selling New York-bred filly (Hip 95) was purchased by Lexington-based Xavier International Bloodstock, Agent, for $170,000 from the Crupi’s New Castle Farm consignment. The bay filly by Tale of the Cat, who breezed a furlong in 10 4/5 in the under tack show, was previously purchased as a yearling by Dylan Venosa at the Fasig-Tipton New York-bred preferred sale for $130,000.

The filly was bred by Akindale Farm, where she was foaled on March 3, 2013. John Hettinger purchased the filly’s second dam Avichi (Damascus), who is a full-sister to multiple graded stakes winner Honorable Miss, for $102,000 at the 1986 Keeneland January sale. For Hettinger Avichi produced multiple graded stakes winner Lady D’Accord (D’Accord) and graded stakes winner Missymooiloveyou.

Avichi’s unplaced daughter So Long Dearie, the dam of the sale filly, and has produced multiple stakes winners My Dinah ($450,391) and Them There Eyes ($289,300), as well as 13-time winner Cayo Hueso ($211,768).

A noteworthy New York-bred RNA at the Fasig-Tipton sale was Hip 2. The bay colt offered by Hartley / De Renzo from the first crop of Ice Box failed to attain his reserve after being bid up to $395,000. Bred by Christopher Shelli and out of the unraced Ghostzapper mare Fear This, he was the co-top-selling colt last summer in Saratoga, when he went to Nick Zito for $230,000.

Becky Thomas to sell juveniles in partnership with Justin Casse

Tuesday, January 20th, 2015
Sequel Press Release

Becky Thomas and Justin Casse have announced they will partner to break, train and sell 2-year-olds for the 2015 season and beyond. The new operation will operate under the name Thomas & Casse and will offer its first consignment at the Fasig-Tipton Florida Sale Mar. 4. Thomas & Casse will also sell at this year’s juvenile sales at OBS and at Barretts May. Thomas will sell as Sequel at Barretts Select 2-Year-Olds Feb. 23.

“Justin is a terrific young horseman who has a great eye for talent,” said Thomas. “Teaming up makes sense on many different levels, and we’re both excited about the venture.”

Added Casse, “Becky is one of the most respected horsewomen in the U.S. who has broken and trained Grade I winners like Officer, Creative Cause and Artemis Agrotera. Partnering gives our clients more options and expertise.”

Thomas previously sold under the Sequel Bloodstock banner, and will continue to operate as Sequel Bloodstock. Casse sold under the name Casse Sales. Both are based in the Ocala area.

Sales of New York-bred short yearlings robust at Keeneland January

Friday, January 16th, 2015
by Sarah Mace

Led by a Harlan’s Holiday colt who commanded $185,000 on Monday, New York-bred short yearlings made a strong showing at Keeneland’s four-day January Horses of All Ages this week, not only outperforming their counterparts in the same sale last year, but also doing better this year than the yearling population sale-wide.

In all 24 New York-bred yearlings sold at Keeneland January for an average price of $32,767 and median of $19,500. While the average represents a 22 percent increase on their 2013 average at the same venue ($26,873), both average and median outperformed the results for the general population of yearlings at Keeneland, who brought a $31,847 average and $15,000 median. In sum, regarded by many as a coda to the 2014 sales season, Keeneland January put a final exclamation point on an extremely successful year for the New York-bred weanling/yearling markets.

The top New York-bred yearling was Hip 344, a dark bay or brown colt by Harlan’s Holiday bred by Dr. Jonathan Davis’s Milfer Farm in Unadilla, who sold as the fourth highest-priced yearling in Monday’s opening session. Purchased by L & D Bloodstock for $185,000 from the Legacy Bloodstock consignment, the colt is out of Kaileysgal, a mare purchased by Milfer Farm in foal at the 2013 Keeneland November sale for $105,000. A placed daughter of Unbridled’s Song, Kaileysgal is out of Warside, a graded stakes placed multiple black type winner by Lord at War (ARG), and has already produced three winners from three starters, led by stakes winner Tensas Cold Front (War Front).

Keeneland November 2014 by the numbers: NY-bred weanlings continue upward trajectory

Monday, November 17th, 2014
By Sarah Mace

There will always be individual New York-breds, both weanlings and older breeding stock, who stand out at the annual Keeneland November breeding stock sale, but this year’s cumulative results revealed a more meaningful overall trend: the value of New York-bred weanlings at this marathon sale is decidedly on an upward trajectory.

At the conclusion of eleven sessions of trading this year, 89 New York-breds in all changed hands of 121 offered (26.4 percent buyback) for an average price of $52,181 and a median of $30,000. For reference, these numbers are down somewhat from last year, when 93 New York-breds sold of 112 offered (17.0 percent buyback) for an average price of $54,948 and $37,000 median.

When considered by themselves, however, the weanlings posted stronger results than the group of New York-breds as a whole both this year and last, selling for an average price of $56,621 and median of $40,000. The weanling buyback rate was elevated this year, to be sure – 32.6 percent (29 weanlings sold of 43 offered) – but some high-priced RNAs suggest that sellers are confident that they have better options down the road. Six individuals who failed to sell who drew bids ranging from $50,000 to $120,000.

The New York-bred weanling average and median this year are also up over the weanling results in previous two renewals of the sale. In 2013 New York-bred weanlings averaged $50,591 with a $37,000 median; in 2012 the group averaged $38,544 with a $27,000 median. The increases year-to-year are shown in the chart below with percentages.

New York-bred weanlings at Keeneland November 2012-2014

2014 NY-bred weanlings (% change from previous year) 2013 NY-bred weanlings (% change from previous year) 2012 NY-bred weanlings
Sold 29 44 39
Offered 43 56 56
Buyback % 32.6% 21.4% 30.4%
Average $56,621 (+4.8%) $53,986 (+40%) $38,544
Median $40,000 (+3.9) $38,500 (+42.6%) $27,000

Not only have New York-bred weanlings been selling better at Keeneland over the last few years, but the buyers’ “ceiling” appears to be on the rise. The past two years each saw a $200,000 New York-bred weanling at the top.

New York-bred weanling top achievers at Keeneland November 2012-2014

2014 2013 2012
Top seller $200,000 (Hip 292, colt by Sidney’s Candy, o/o Evrobi) $200,000 (Hip 665; colt by Harlan’s Holiday, o/o First Grade) $175,000 (Hip 1139: colt by Super Saver, o/o Broadway Hennessey)
6-figure horses 5 8 4

The recent strength of the New York-bred yearling market, especially at the Fasig-Tipton preferred sale in Saratoga, has grabbed many headlines. Now the weanling market, both at Keeneland and the Fasig-Tipton Saratoga Fall sale, which continued to gain ground in its third year, appears to be gathering a momentum of its own.