Tag: Auctions

$875K Authentic Part of Late Sparks At Keeneland Book 3 Opener

LEXINGTON, KY – A bevy of high-priced yearlings provided a late spark to the first Book 3 session of the Keeneland September Yearling Sale, but the auction–which had kept pace with its record-setting 2022 renewal during Books 1 and 2–lost a bit of its steam as it entered into its second week Saturday.

A total of 289 yearlings sold Saturday for $46,697,000. The average of $163,849 dipped 7.3% from last year's Book 3 opener and the median fell 7.1% to $130,000. The buy-back rate remained steady at 22%.

During the opening session of last year's Book 3 section, 287 yearlings sold for $50,747,500. The average was $176,821 and the median was $140,000.

“The ones that stand out from the crowd, seems like they have a following here in the back ring, they follow them up and they make the money,” said Hunter Valley Farm's Fergus Galvin. “I think [the market] is very strong and very competitive. Books 1 and 2 were good, not without a few bumpy patches, but that's at every sale now. I think it's very strong, it looks like today, and that probably augurs well even for the later books. It seems like there are fresh faces here today and a lot of people haven't filled their orders yet. They are probably starting to feel a sense of urgency to get the nice horses bought.”

Reiley McDonald's Eaton Sales consigned the session's highest-priced offering when SF Racing/Starlight Racing and Madaket Stables purchased a son of Authentic for $875,000. The session topper was one of eight to sell for $500,000 or over on the day. There were 14 horses who reached that threshold at this session a year ago.

“I feel like the middle market is already starting to tail off,” McDonald said. “I am worried that that is a trend we are going to continue to see just simply because the people at the middle end of the economy in this country are the ones that have been hurt. I think the heavy money is out there and they will spend what it takes to get a horse bought. But once you get into the middle market, the everyday players and lower, I think that's where we are going to see the market slip.”

The Keeneland September sale continues through Saturday with sessions beginning daily at 10 a.m.

Authentic Colt to SF/Starlight/Madaket

The stallion-making partnership of SF Racing/Starlight Racing and Madaket Stables acquired its third son of Authentic of the Keeneland September sale when going to $875,000 for a colt by the GI Kentucky Derby winner (hip 1511) Saturday. The yearling, out of multiple graded placed Sweetgrass (Street Sense), was bred by Seclusive Farm, Brad Stephens and Breeze Easy and was consigned by Eaton Sales.

“He was just one of those beautiful horses that comes along every now and again,” said Eaton's Reiley McDonald. “He was medium-sized, with a beautiful shoulder, great length and great hip. He was very correct with an outstanding, athletic walk. He was a very intelligent horse who handled the pressure great. He showed over 200 times, which is a lot of pressure on any of these young horses, for two days. He took it like pro. They bought themselves one hell of a horse.”

Baccari Bloodstock purchased Sweetgrass for $250,000 at the 2017 Fasig-Tipton November sale. The mare sold in foal to City of Light for $135,000 at last year's Keeneland November sale.

Earlier at the Keeneland sale, SF/Starlight/Madaket purchased a colt by Authentic (hip 533) for $700,000 and another (hip 821) for $485,000. The group also purchased a son of Authentic (hip 56) for $875,000 at the Fasig-Tipton Saratoga sale last month.

Through five sessions, SF/Starlight/Madaket has purchased 15 yearlings for $10,070,000. The partners were the second-leading buyers of the 2022 September sale, buying 21 yearlings for $12,825,000.

St. Elias Partners Up on Vekoma, Army Mule Colts

Vinnie Viola's St. Elias Stables joined forces with different partners to make a couple of high-price purchases at Keeneland Saturday. The operation teamed with Spendthrift Farm and Mike Talla to acquire a colt from the first crop of Vekoma (hip 1498) for $775,000. That purchase came just a few hips after St. Elias teamed with Starlight Racing and the Harrell family's Harrell Ventures to acquire a colt by Army Mule (hip 1455) for $600,000.

Hip 1498, consigned by Legacy Bloodstock on behalf of his breeder, Spendthrift Farm, is out of Grade I placed Summer of Fun (Include).

“We are really excited to partner up with Spendthrift Farm, which we have done some stuff with in the past, and we are excited to partner with Talla Racing for the first time,” said St. Elias's Monique Delk.

Of the yearling, Delk said, “He's just beautiful–a beautiful physical and walk and he was very correct. He looks special. And we like taking chances on first-year sires. It's a lot of fun to see the new babies coming about.”

St. Elias, in partnership with Repole Stable, was the leading buyer at last year's September sale, with 31 yearlings purchased for $12,840,000. This year, St. Elias in various other partnerships and alone, has purchased 10 yearlings so far for $3.9 million.

Asked why partnerships were important to St. Elias, Delk said, “They love the game and this gives them more access to more horses. St. Elias loves taking on partners and it's exciting to team up with new partners.”

St. Elias compaigned Grade I winner Army Mule and co-bred hip 1455 with Elevage II. Consigned by Hill 'n' Dale at Xalapa, the yearling is out of She Beast (The Factor), a half-sister to Grade I winner The Big Beast (Yes It's True), who was purchased for $150,000 at the 2020 Keeneland January sale.

“Everyone on our team loved him,” said Starlight Racing manager Corbin Blumberg, who made the winning bid while standing out back alongside Delk. “We showed him to [Starlight's] Jack [Wolf] and Doug Cauthen looked at him for the Harrells.”

Starlight and St. Elias teamed up to purchase a colt by Quality Road (hip 1118) for $300,000 earlier in the sale.

“We bought a horse the other day with St. Elias and they bred this horse and they wanted to keep it, so we just put it together sort of at the last minute,” Blumberg said. “We buy horses with the Harrells a lot and we have bought a few with St. Elias, so this just came together and it turned out.”

Of the colt's final price, Blumberg said, “We had to reach a little bit, but he was nice and it seems like that's how it's been going.”

Starlight and Harrell Ventures teamed up to purchase 'TDN Rising Star' Pirate (Omaha Beach) for $350,000 at last year's Keeneland September sale. The juvenile was third in the GI Hopeful S.

CHC, Qatar Racing Get into the Colt Game

Teo Ah Khing of China Horse Club and Sheikh Fahad of Qatar Racing have joined forces for the first time at this year's Keeneland September sale in search of a quality group of colts. The new partners acquired their sixth colt of the auction when purchasing a son of Kitten's Joy (hip 1285) for $585,000 Saturday.

“We all agreed that he might have been the best physical of Kitten's Joy that we've seen in the last two or three years,” said Qatar Racing's American representative Fergus Galvin of Hunter Valley Farm. “He's a beautiful specimen.”

Consigned by Hill 'n' Dale at Xalapa and bred in Ontario by Murray Smith, the yearling is out of Hopping Not Hoping (Silent Name {Jpn}).

The purchase came with an almost instantaneous update when the mare's 2-year-old My Boy Prince (Cairo Prince), who romped to a 14-length victory in the Aug. 27 Simcoe S., finished second in the GI Summer S. just shortly after the yearling went through the ring.

“We might have had to pay more,” Galvin agreed of the timing. “But we are definitely happy with the Grade I pedigree boost.”

CHC and Qatar Racing have now purchased six yearlings at the Keeneland sale this year for $2,960,000. Leading the way was a son of Authentic (hip 1046) purchased for $875,000.

“It's something that Sheikh Fahad and Teo put together before the sale to buy colts,” Galvin said of the partnership. “They are mainly to race in the U.S., but this one [hip 1285] will go to England to race for obvious reasons. Sheikh Fahad has had incredible success with Kitten's Joy.”

Qatar Racing enjoyed top-level success in Europe with another son of Kitten's Joy, multiple Group 1 winner Roaring Lion, who was purchased for $160,000 at the 2016 Keeneland September sale.

A New Kentucky Home for Tommy Town

Tom and Debi Stull announced plans late last year to relocate their Tommy Town Thoroughbreds broodmare band to Kentucky and, after purchasing the former Woodford Farm from Mick Ruis, have been busy buying yearling fillies this week at Keeneland. During the fifth session of the auction, the Stulls purchased a pair of fillies for $400,000 from the Woods Edge Farm consignment; first purchasing a daughter of Vekoma (hip 1189) and returning later to acquire a daughter of Volatile (hip 1224).

“We like to get fillies that have a fairly good walk and definitely a nice hip and pedigree,” Tom Stull said. “It's not so much the sire, but the balance and the conformation.”

Hip 1189, who was purchased by Woods Edge for $75,000 at Keeneland last November, is out of Blue Kisses (Pulpit), a daughter of multiple stakes winner Bluegrass Sara (Tabasco Cat). Hip 1224, a $180,000 weanling purchase, is out of Delightfully So (Indian Charlie), a half-sister to Canadian champion Delightful Mary (Limehouse).

Asked if the fillies were purchased with an eye to eventually joining his broodmare band, Stull said, “Yes, for sure. That's what we are trying to do.”

In addition to the two yearlings purchased Saturday, Tommy Town also acquired a pair of fillies by No Nay Never–hip 211 for $250,000 and hip 256 for $275,000–and a daughter of Le Havre (Ire) (hip 132) for $300,000.

“To be honest with you, the first three or four days were tough,” Stull said. “I felt like we did well with the first three we bought and then we didn't get to buy anything Thursday. I was surprised we found quality today.”

The operation returned later in Saturday's session to acquire a filly by Tom's d'Etat (hip 1446) for $150,000 and a filly by Tiz the Law (hip 1450) for $115,000.

Of the couple's new 300-acre farm, Stull said, “We decided we would rather run in Kentucky. We have close to 30 mares. I want to just upgrade the quality. I think we are going to breed to sell and then continue to buy to race and keep.”

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BSA August 2YO Sale Topped by Vercingetorix Filly

The second session of the BSA August Two-Year-Old Sale proved more adventurous than the first as four of the five seven-digit purchases came during the portion of the event. The crowning draft arrived in the form of Lucrative (Saf), who topped the sale at R1,400,000 and cemented Vercingetorix as the top sire with an aggregate of R7,300,000 from 12 lots sold.

The jewel of the Maine Chance Farms (pty) Ltd. consignment, the bay daughter of Querari (Ger) mare La Collossa (Saf) hails from a busy Group-winning and performing family including MGSP-Fr La Banderilla (Fr) (Muhtathir {GB}) and German champion MG1SW-Ger & GSP-US Lomitas (GB) (Niniski)–grandsire of Vercingetorix–through the female line of La Colorada (Ger), the German champion 2-year-old filly of her year. La Collossa does not claim quite the race record but has produced a winner from two of racing age counting Lucrative.

Of the 257 lots offered for the two-day auction, 245 sold (95.3%) for an aggregate of R59,690,000. The average was R244,631 and the median was R160,000.

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Blame Colt on Top as Numbers Dip at OBS June

OCALA, FL – The Ocala Breeders' Sales Company's June Sale of 2-Year-Olds in Training continued its measured pace Wednesday with figures falling off the auction's record-setting 2022 renewal, while a colt by Blame brought the day's highest bid of $485,000 when selling to bloodstock agent Clay Scherer. The session-topping colt, who was consigned by Wavertree Stables, was one of four to sell for $200,000 or more during the day, bringing the total to reach that mark so far at the sale to seven. Eleven had reached that mark at the same point in the 2022 auction.

Through two sessions of the three-day sale, 410 juveniles have sold for $14,922,600. The average of $36,397 is down 5.1% from the 2022 figure of $38,358–which includes post-sale transactions–and is down 8.9% from the $39,961 close-of-day average from a year ago. The median of $20,000 dipped 13% from last year's final figure and 20% from the end-of-day figure.

The cumulative buy-back rate stood at 21.9% after the fall of the last hammer Wednesday.

At this same point a year ago, with 125 horses reported not sold, the buy-back rate was 22.9%. With 32 additional post-sales transactions, 452 horses had sold for $17,337,600 and the two-day final buy-back rate was 17.1%.

Wavertree Stables, which sold two of Wednesday's top five lots, was the session's leading consignor.

Following a season of polarized results at the 2-year-old sales, the June figures were no surprise to Wavertree's Ciaran Dunne.

“It's not anything we didn't expect,” Dunne said. “For what are perceived to be the top-end horses, there are plenty of people there. For everything else, we are just fighting over scraps. The attendance is probably a little disappointing, but I think that is reflective of small fields and super trainers. It's harder for the smaller trainers to drum up clients, so it makes it even harder for them to come here and buy. A thousand horses is a lot of horses in the June sale. I think they are doing very well to have the clearance rate they have.”

The OBS June sale concludes with a final session beginning at 10 a.m. Thursday.

Scherer Takes the Blame

A colt by Blame (hip 430), who worked a co-bullet quarter-mile in :20 3/5 during last week's under-tack show, will be joining the barn of trainer Brad Cox after bloodstock agent Clay Scherer signed the $485,000 ticket to acquire the youngster on behalf of an undisclosed client Wednesday at OBS.

“He was a big, strong colt who worked fast, did everything like you want to see here and he acted fresh every day,” Scherer said of the juvenile's appeal.

The dark bay colt is out of Soul Spirit (Quality Road), a daughter of multiple Grade I-placed Soul Search and a half-sister to graded winner Journey Home (War Front). He was purchased by Ciaran Dunne for $210,000 at last year's Keeneland September sale and was making his first trip through the sales ring this year with Dunne's Wavertree Stables consignment.

“He's big, tall and long legged,” Dunne said following the colt's bullet breeze last week. “He looks like a horse who will go two turns easily. So the fact that he has that speed makes you think he's going to be very dangerous going long.”

Of the colt's yearling price tag, Dunne admitted, “It did seem like a lot, but he was a beautiful yearling. The trend at the 2-year-old market is that they want big, two-turn horses and if you can get a horse like him who looks like he'll go long to show the kind of speed he showed, then you're going to get paid, more so than with the ready-made spring 2-year-old types. So it was a lot of money for him, but he was a beautiful horse.”

Scherer said the June sale has become an increasingly reliable source of good horses, pointing to 2021 graduate and multiple graded winner Adare Manor (Uncle Mo) who won Saturday's GII Santa Margarita S. at Santa Anita.

“Every year, people have been putting good horses in June and good horses have come out of June every year,” he said. “Adare Manor just ran off the screen. There is always a good one here.”

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Hard Spun Colt ‘Rockets’ To Top At Workmanlike OBS June Opener

OCALA, FL – The Ocala Breeders' Sales Company's June Sale of 2-Year-Olds in Training duly marched through its opening session with a $450,000 son of Hard Spun one of three horses to top the $200,000 mark Tuesday in Ocala.

At the close of business Tuesday, 192 juveniles had sold for a gross of $7,110,400. The average of $37,033 was up from the 2022 session's final average of $34,431–which included post-sale transactions–but was down from the end-of-session figure of $38,628. The median of $20,000 dipped from the final figure of $22,000, as well as from the end-of-session figure of $25,500. With 74 horses reported not sold, the session's buy-back rate was 27.8%.

Before the inclusion of post-sale transactions, last year's opening session of the June sale saw 184 head sell for a gross of $7,107,500. The average was $38,628 and the median was $25,500. With 90 horses reported not sold at the fall of the day's last hammer, the 2022 opening-session buy-back rate was 33.1%. That figure improved to 20.7% as a further 33 horses sold post-sale, bringing the final gross to $7,756,400.

Midway through Tuesday's session, Frank Fletcher, bidding alongside agent Donato Lanni, went to $450,000 to acquire a son of Hard Spun from the de Meric Sales consignment. Late in the day, Fletcher returned to acquire the day's second-highest priced offering, going to $230,000 to acquire a colt by Malibu Moon from Gene Recio's consignment.

The session-topper led a day of mixed-bag results for de Meric Sales, which sold all 10 of its horses through the ring for $988,700 and was the session's leading consignor. The consignment had results everywhere from the session-topping $450,000 price tag down to $3,700.

“We saw a little bit of everything today,” admitted Tristan de Meric. “It's definitely a little spotty at best, but there is still some demand for the more quality horses. There is a bit of action in the lower-middle, but not as much as we'd all like to see for the number of horses here. I think it's basically typical of the June sale, but maybe a little more magnified this year.”

The Hard Spun colt was making his first sales appearance of the year, an angle which has worked well for the consignment in the past, according to de Meric.

“He was sent down to Florida and started in January and we always thought of him as a horse for this sale,” de Meric said. “We've found that a fresh horse in this sale can stand out. People always like to see one for the first time. And that horse stepped up and did everything right. We have done well with horses like him at this sale and, even this year in a spottier market, we are happy with this result and best of luck to Frank Fletcher and Donato.”

The OBS June sale continues through Thursday with sessions beginning daily at 10 a.m.

Fletcher Gets His Hard Spun Colt

Frank Fletcher flew down to Ocala Tuesday morning with the specific intention of purchasing a colt by Hard Spun and the Arkansas native did not go home disappointed, securing hip 130 for $450,000 from the de Meric Sales consignment midway through the first session of the June sale.

“I just flew down this morning and Donato Lanni showed him to me,” Fletcher said. “He liked his work, he likes the way he's built and he likes his speed.”

Bred by Reiley McDonald's Athens Woods, the chestnut colt is out of stakes-placed Mine All Mine (Belong to Me) and is a half-brother to stakes-winner Athens Queen (Majestic Warrior). The juvenile worked a furlong last week in a co-bullet :9 4/5.

 

 

 

“We are always looking for 2-year-old colts,” Fletcher said. “And it's exciting to get him. I always like coming down here. I love this city and I love this sale. I've been coming here for 25 years.”

Fletcher famously names all his horses with some form of Rocket or Rockette in their names. Does he have a name already picked out for this colt?

“He will be something rocket,” Fletcher said with a laugh. “I had a horse down here earlier this year in the sale and she worked so well, I withdrew her from the sale and I named her Almost Gone Rocket.”

Fletcher had to see off a determined internet bidder to secure the colt, but said he never had a doubt that he was going to come out on top.

“We were going to get him one way or another,” he said. “I flew down for him. So I'd be very sad if I was going home without him.”

Fletcher said no trainer had been picked out for the youngster.

Goodman Has High Hopes for First Pinhook

Billy Goodman, whose involvement in racing started almost by accident and evolved into a full-on passion, is hopeful his first foray into the juvenile pinhooking market proves just as successful when he and partner Caio Caramori send a colt by American Pharoah (hip 1030) through the OBS sales ring with the SBM Training and Sales consignment Thursday.

Goodman purchased the colt for $100,000 at last year's Keeneland September sale. He is out of Jeweliana (Smart Strike), a daughter of multiple graded winner Roshani (Fantastic Light) and the dam of $775,000 juvenile Nile River (American Pharoah).

“He just had all the right parts,” Goodman said of the colt's appeal last fall. “He was a May 5 foal and a little immature, but I kind of looked at him like, if he just expands exactly as he is right now, he's going to be an absolute beast of a horse. He had an incredible walk and an incredible mind on him. And all of those things came to fruition with him. He blossomed into this incredible specimen and he's got a mind on him like a 4-year-old stakes horse.”

Goodman had never even touched a horse when he decided to make a major pivot in his life some 12 years ago.

“Back in 2011, I was managing an Irish pub in Miami for a childhood friend,” he explained. “Things just weren't going well and I didn't enjoy it, so I decided to stop. I got a license at Gulfstream and went on the backside and asked for a job. I got a job walking hots.”

Goodman, who began working for trainer Peter Gulyas in Florida, eventually made his way to Kentucky and the barn of trainer Todd Pletcher.

“I worked for Todd for six years as a groom,” Goodman said. “I was a hotwalker and then a groom and within two months we had two horses in the Derby and My Miss Sophia was second in the Oaks.”

Of his experience with horses before that, Goodman admitted, “None. Zero. Never touched a horse. I always knew that I would at some point. Horses were in my system. I was 45 and I said, 'All right, it's time to do this.'”

Goodman purchased his first horse, Eternal Heart, for $50,000 at the 2018 Fasig-Tipton Midlantic October Sale. Now six, the West Virginia-bred mare is still in his care.

“I was just bathing her when you called,” Goodman said of Eternal Heart. “This is going to be her last year racing. I bought this filly and gave her to my friend Caio Caramori, who is a trainer. I went to the barn to help out and I wound up working for him. And I'm still working for him and still buying horses.”

Goodman purchased a few weanling-to-yearling pinhooks and enjoyed success on a small scale before deciding to put together a partnership to make his six-figure investment in an American Pharoah colt last year.

“This is the first decent horse that we put a little money together and bid $100,000 on him,” Goodman said.

The colt was originally targeted at the Fasig-Tipton Midlantic May sale, where he was to sell under the Goodman Caramori banner, but the partners decided to call an audible earlier this year.

“We broke him and trained him at the Classic Mile right there in Ocala,” Goodman said. “We spend the winters down there. We were going to consign himself ourselves at Timonium, but he just got shins. I was battling shins because we got a late start on him. I could have brought him there, but I didn't think it was right for the horse. So we backed off on him a little bit and sent him to Susan Montanye. She's got him now because I had to go back to Lexington. We have 45 horses here.”

The colt proved the extra time was worthwhile with a :10 flat work at last week's under-tack show.

“Susan took care of his shins and didn't do too much with him and he went over there and went :10 flat, :20 3/5 and :33 2/5,” Goodman said. “He's just a beast of a horse. He really didn't train all that much and did that. It was kind of freakish what he did.”

Goodman expects to be back in action at the upcoming yearling sales.

“I am going to be buying in July, hopefully, and go to New York and September,” he said. “We will probably have 40 horses down there in Ocala, total, but we will probably put together four or five [to pinhook] with this group, if this horse sells the way we think he will. And I'll try to build a little business from there, buy our own and do it like that.”

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