Mitole, Omaha Beach Fillies Bring the Heat at OBS Monday

A filly by Omaha Beach (hip 308), consigned by Omar Ramirez Bloodstock, set the benchmark with a furlong work in :9 3/5 early in Monday's second session of the under-tack preview of the Ocala Breeders' Sales Company's Spring 2-Year-Olds in Training Sale and the time was matched about a half-hour later by a filly by Mitole (hip 335) consigned by Hartley/DeRenzo Thoroughbreds.

Hip 308 is the first foal out of the unraced Marla (Frosted), a half-sister to multiple graded stakes winner Envoutante (Uncle Mo).

“I was expecting a good work from her,” said Omar Ramirez. “She prepped really well on the farm. My brother Jose and I were really excited with the way she prepped over there. We knew she would work well. And she did everything right.”

Eric Antonio Delvalle purchased the bay filly for $20,000 at last year's Keeneland September sale.

“She was on the small size when we bought her,” Ramirez, who worked with Delvalle to pick out the filly last fall, said. “But she had a beautiful walk and she had all the right parts. We thought about putting her in March, but we thought she was still a little too small for the March sale, so we decided to give her the extra month and that was the best decision.”

Also on behalf of Delvalle, Ramirez sent out a colt by Omaha Beach (hip 299) to work a quarter in :20 4/5 Monday. The chestnut is out of stakes-placed Malibu Party (Hard Spun), a daughter of Grade I winner Malibu Mint (Malibu Moon). He was purchased for $120,000 at Keeneland last September.

“[Delvalle] really loved the horse,” Ramirez said. “He wanted him for the March sale. But he was the opposite of the filly. He's a big, strong colt. I didn't think he belonged in March. I thought we would give him a little more time and take him to April to let him get stronger. And he worked great, too.”

Ramirez will offer a colt by Army Mule (hip 839) on behalf of Delvalle during next week's sale.

“We have big hopes for him,” Ramirez said of the juvenile who is slated to work Thursday.

Of Delvalle, Ramirez said, “This is only his second year with me. He had a couple of horses with me last year that he had bought with somebody else. So this is the first year I bought the horses for him.”

Just before the hour mark of Monday's under-tack session, Randy Hartley and Dean DeRenzo sent out hip 335 for her bullet breeze.

“She looks like a colt. She's a big two-turn looking filly. And she did it pretty easy,” Hartley said of the work. “I was impressed with her.”

The filly is out f Mischief Galore (Into Mischief). She was bred by Bill and Corinne Heiligbrodt and, after selling for $100,000 as a weanling at the 2023 Keeneland January sale, was purchased by Hartley/DeRenzo for $200,000 at the Fasig-Tipton July sale.

“We paid pretty good money for her as a yearling,” Hartley said. “She was just as beautiful then. She's just gotten a little bit bigger. Brian Graves had bought her as a weanling, so you know he buys nothing but good-looking horses.”

Looking ahead to the filly's date in the sales ring next week, Hartley said, “The stallion is doing good enough and people are giving him enough respect. And I think the Into Mischief on the bottom is just going to help give people that much more confidence.”

A filly from the first crop of Grade I-placed Caracaro (hip 199) turned in Monday's fastest quarter-mile breeze when working in :20 2/5. Consigned by Global Thoroughbreds, the bay is out of Key d'Oro (Medaglia d'Oro). She was bred by LLP Performance Horses.

Hartley said conditions during Monday's session of the under-tack show were fairly consistent with Sunday's opening session, but he is watching the weather forecast for the coming days in Central Florida.

“It was pretty good today,” he said. “We had a little bit of a tailwind today. It seemed like a pretty good track. It was very similar to yesterday. The only thing that really changes this track condition is the wind. That's what we are going to get into in theĀ  next few days because we are supposed to get a major headwind with a storm coming in on Thursday.”

The under-tack show continues through Saturday with sessions beginning each day at 8 a.m. The OBS Spring sale will be held next Tuesday through Friday with bidding starting each day at 10:30 a.m.

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$1-Million Authentic Colt to Resolute at OBS

A colt from the first crop of champion Authentic sold for $1 million to an online bid from John Stewart's Resolute Bloodstock. Consigned by Hartley/DeRenzo Thoroughbreds, the chestnut colt worked a furlong last week in :9 4/5. He is out of stakes-placed Ruby Trust (Smart Strike), a daughter of graded winner Queen of the Catsle (Tale of the Cat). Randy Hartley and Dean DeRenzo purchased the colt for $260,000 at last year's Keeneland September sale.

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Action Remains Fast and Furious During OBSMAR Under-Tack Show

The third of four under-tack previews ahead of next week's Ocala Breeders Sales Company's March Sale of 2-Year-Olds In Training took place Friday, a session that produced the overall bullet times for both one-furlong and quarter-mile breezes.

Wednesday's opening breeze-ups were topped by a trio of horses that stopped clock in :9 4/5 for an eighth of a mile, a time that was matched by no fewer than 15 juveniles on Thursday. Those numbers were lowered Friday by a pair of horses, a Wavertree Stables Inc.-consigned filly (hip 448) from the first crop of Vekoma (Candy Ride {Arg}) and a colt (hip 529) by fellow freshman sire Tiz the Law (Constitution) consigned by Hartley/DeRenzo Thoroughbreds. Each covered an eighth of a mile in :9 3/5.

Laying Down the 'Law'

Randy Hartley went to $375,000 for the Tiz the Law colt from the Woods Edge Farm draft at Keeneland September, but only after a not-so-subtle push from his client Rich Mendez.

“At $350,000, honestly, I was done, but Rich goes, 'one more time,' because Tiz the Law was like his favorite horse,” Hartley explained. “So I did and we got him. $350,000 was kind of our number, but we loved him so much we stretched a little more because we were trying to find the best one there.”

The approach to the September sale was fairly straight-forward.

“We went to that sale to try to find the best Tiz the Law at the sale and we found him in Book 1,” Hartley said. “Peter O'Callaghan had him and he might have had other horses sell for more in Book 1, but I thought this colt was the best physical he had in that book. We stretched on him because we thought that Tiz the Law was such a great racehorse, we love Constitution too, but they're harder to buy. But we felt like we if had one of the best Tiz the Laws inĀ  the 2-year-old market that the people that respected Tiz the Law would be trying to buy something that they like.”

Just a May 9 foal, the colt is a son of the Grade III-placed Our Majesty (Majesticpefection), herself a half-sister to a pair of black-type winners. Sun Bloodstock purchased Our Majesty for $375,000 in foal to Tapit at Keeneland November in 2019 and sold the Tiz the Law colt to Vanny Investments for $140,000 at Keeneland January in 2023.

Hartley was duly please with what he saw on the track Friday.

“He's quick and he kept going, some people had him in :19 and change galloping out,” he said. “He's a May baby. I don't push mine hard, he's even still a little chunky. I try to get my horses here sound and I feel like if I train them good, they'll give me everything they've got. Once they show me that they can take off and go, from there it's about fitness. We're super proud of him. He's only 22 months old, but he looks like a 3-year-old.”

The noted reseller believes there is a good buzz about the first crop of the 2020 GI Belmont S. hero.

“We only had this one and he's been our man the whole time. I would definitely buy some more,” he said. “When I see Tiz the Laws bringing $200,000 in January, that tells me that people are liking the way they're training. People are not going to buy them if they're not hearing that buzz. We thought a lot of this colt all season.”

Kight High On Justify Colt

If the Tiz the Law colt didn't exactly represent a 'bargain' price, Hoby Kight felt like the $100,000 that he gave at Keeneland September for a Justify colt from the consignment of Joe Pickerell's Pick View LLC certainly was. The Jan. 23 foal (hip 539) was bred in New York by Chester and Mary Broman.

“He was big and beautiful and he's got some pedigree,” Kight explained. “And Dr. Broman raises a really good horse, [Sequel Bloodstock's] Becky [Thomas] does a phenomenal job. He had a cut on his back leg on his pastern and his leg was still swollen from the cut. A lot of short-listers, they cut that horse and never get to see him and that's the sort of stuff I prey on. It's stuff that won't bother them and gets better, it was an old scar and was still kind of fresh. But everything else was there–beautiful horse, all the right angles. And Justify really heated up too, so everything went my way.”

Bred in New York by Chester and Mary Broman, the bay is a son of two-time stakes winner and Grade III-placed Pauseforthecause (Giant's Causeway)

Hip 539 was one of two to breeze a quarter in :20.2 Friday.

“I thought he worked lights out,” Kight said of the colt, who already stands 16.2 in his estimation. “Joe has done a remarkable job with him. Joe thought he was going to be sub-:21 the way he'd been training, so he was pretty optimistic.”

Hip 539 | Photos By Z

McCrocklin At Both Ends of the Speed Spectrum

Tom McCrocklin consigns the afternoon's other :20.2 breezer, a filly by Munnings–Miss Majestic (Majestic Warrior) (hip 453), which he is offering on behalf of Florida breeder Peter Mirabelli.

“She's a beautiful filly, a great mover and she just does everything so smoothly,” he said. “I generally work my horses a quarter-mile just because I think makes for a more composed breed. I am not trying to disparage anyone else, but I find sometimes that the furlong breezes can end up being pretty frenetic. When people see me breeze one that isn't a quarter mile, they tend to raise an eyebrow.”

McCrocklin is also consigning a handful of the 40 2-year-olds in training that are being sold as part of the dispersal from the late Bob Lothenbach, who are just galloping through the stretch.

“I don't think it will be looked upon with skepticism or negatively,” McCrocklin said of the strategy to not ask the horses for any serious effort. “Mr, Lothenbach built and ran a high-class stable. The estate requested that none of the horses breeze, so we are just honoring their wishes, but I don't think it will negatively impact the horses or the way they sell.”

The final under-tack preview is set for Saturday morning beginning at 8 a.m. The March Sale begins Tuesday, Mar. 12 and runs for three days, with bidding beginning each day at 11 a.m. ET. For more, visit www.obssales.com.

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ā€˜Pragmaticā€™ Keeneland November Sale Concludes with Numbers Down

The Keeneland November Breeding Stock concluded its nine-day run in Lexington Thursday with numbers off from its 2022 renewal in what Keeneland Vice President of Sales Tony Lacy called a “pragmatic, solid sale.”

At the close of business Thursday, 2,128 horses had sold through the ring for $176,571,000. The average of $82,975 was down 16.94% from a year ago, while the median of $32,000 was down 20.00%.

“Overall, it's been a very pragmatic, solid sale,” said Lacy. “Demand for quality is extremely strong, probably as strong as ever, and that's very encouraging. There's a lot of stability in the market. With a slight correction, we're down just 15% on most metrics, and that's within expected parameters considering we're dealing with increasing interest rates and a strong U.S. dollar. Early in the sale, there was some protectionism from sellers who weren't going to let nice horses go below a value they felt was reasonable. And the market is more sensitive to mares that are a little more exposed. That's not unreasonable. We saw that in September and in other markets. The middle market was extremely healthy. Sellers were pleased for the most part, and buyers found it tough to buy the quality stock.”

With 600 horses reported not sold during the nine-day auction, the buy-back rate of 21.99%–just a tick lower than last year's figure of 22.04%–was a bright spot in the November results, according to Keeneland Director of Sales Operations Cormac Breathnach.

“I think one thing we observed, a few sessions into the sale, sellers recognized the market in front of them and were very pragmatic in their approach, so as a result, we have had a very good clearance rate,” Breathnach said. “It's actually better than last year. When you do that and you manage expectations and have a high clearance rate, typically average and median are going to come down a little bit as well.”

The Keeneland November sale also featured a vibrant post-sale market this year.

“Our RNAs-to-sales activity is double what it was last year,” said Breathnach. “So the post-sale transactions are twice the gross total volume that they were last year. Which is a sign that the market is still hungry. There is still a lot of activity, a lot of horses being traded.”

There were 91 post-sale transactions at the 2023 November sale, resulting in an additional $12,265,000 in gross. In 2022, an additional 84 post sales grossed $6,402,500.

The most high-profile of those post-sale transactions this year was for Puca (Big Brown). Carrying a full-sibling to this year's GI Kentucky Derby winner Mage (Good Magic), the mare was originally led out of the ring unsold during Wednesday's Book 1 session, but she ultimately sold for what would have been a sale-topping $2.9 million to John Stewart.

With her inclusion, the November sale had 12 seven-figure offerings. The 2022 November sale had 13 seven-figure sales, including the $5.5-million sale topper Midnight Bisou (Midnight Lute) and the $4.6 million fractional interest in Flightline (Tapit).

The Keeneland November results do reflect a softening in the market and that should be no surprise amidst swirling global uncertainties, said Gabriel Duignan of Paramount Sales.

“There's no denying there's a little correction, which kind of mirrors the rest of the world,” said Duignan. “I thought the good foal market was business as usual; if you had a good foal, you got well-paid for him. With the mares, the horses they want–the young mares and broodmare prospects–they're selling good. As a seller, it was a little sad that some of the mares that had just a little bit of exposure sold for cents on the dollar. The market just wants certain things and if you don't fit into that category, you're going to be penalized.”

High Demand in the Foal Market

While the 2023 November sale failed to come close to the seven-figure weanling from 2022, the overall foal market was strong.

“If you look at the foal market, it was incredibly strong and it shows that with quality breeding stock producing quality foals, you can get a great return, whether it's a yearling or a weanling,” said Lacy. “When you look at the weanling market, the weanlings who brought $400,000 or above, or $500,000 or above, were double the number from last year. And last year was widely considered a very strong market. So I don't think that there is a perception that the market is weak. The market has shown that they are willing to spend premium for quality stock.”

A colt by Gun Runner was the top-priced weanling of 2023 when selling to Shadwell Racing for $750,000. The youngster was one of 19 to sell for $400,000 or over this year.

A total of 775 weanlings sold at the 2023 November sale for a gross of $54,908,700. The average was $70,850 and the median was $35,000.

In 2022, 855 weanlings sold for $60,770,600 for an average of $71,077 and a median of $37,000. With a $1.5-million filly leading the way, 10 weanlings sold for $400,000 or over in 2022.

“We have had a couple of record September [yearling] sales in the last couple of years and the September market has been incredible,” said Breathnach. “So what we all noticed early on in the first few sessions [of the November sale] was strength in the foal market, which we feel is a reflection of confidence in next year's yearling market.”

Breathnach added that the strength of the weanling market may have boosted the mare market.

“Buyers saw an opportunity in the mare market,” he said. “If they were getting shut out or having to spend 20% to 30% more than the same foal might have cost last year, they pivoted and began buying mares carrying those pregnancies.”

Grade I winner Yaupon, whose first crop arrived this year, was the November sale's leading sire of weanlings with 31 foals bringing a total of $4,137,000. At $450,000, the most expensive was a colt out of the Bernardini mare Zetta Z who sold to Randy Hartley and Dean De Renzo's AAA Thoroughbreds, the sale's second-leading buyer with 18 purchases through the ring for $4.85 million.

Into Mischief was the leading sire of weanlings by average with three or more sold. His three weanlings averaged $433,333.

Leading Buyers, Sellers

Jacob West, as agent for Repole Stable, was the November sale's leading buyer with nine horses purchased for $5.22 million. Repole, whose week in Lexington began with the $6-million purchase of champion Nest (Curlin) at Fasig-Tipton, purchased Interstatedaydream (Classic Empire) for $1.4 million and Surprisingly (Mastery) for $1 million at Keeneland.

The auction's 12 highest-priced horses sold to 11 buyers representing interests from the U.S., Europe and Japan.

The November Sale also featured the first mares offered at Keeneland in foal to 2022 Horse of the Year Flightline, who was represented by seven mares sold for $6,625,000 to lead covering sires by gross and rank second to Into Mischief by average with $946,429. The most expensive mare in foal to Flightline was Grade I winner Dalika (Ger) (Pastorius {GB}), who is carrying her first foal and sold for $1.65 million to Pursuit of Success LLC.

For the 26th time since 1987, Taylor Made Sales Agency was the November sale's leading consignor, with 262 horses sold forĀ  $22,889,900. The operation sold the auction's top-priced weanling, a colt by Gun Runner who brought a final bid of $750,000 from Shadwell Racing.

Pacific Pink Tops Keeneland Finale

Multiple stakes winner Pacific Pink (Private Vow) (hip 3310) brought the highest bid of Thursday's final session of the Keeneland November sale when purchased by Cary Bloodstock on behalf of Coteau Grove Farms for $85,000. The 11-year-old mare, who sold in foal to Volatile, was consigned by Denali Stud.Ā  Her first foal, the 3-year-old Make the Boys Wink (More Than Ready), won a Churchill allowance Nov. 4 and, supplemented to the Fasig-Tipton November sale, sold for $450,000 to Gigi Stables three days later.

A filly by Beau Liam (hip 3359) was the session's top-priced weanling when selling for $70,000 to Buena Madera. Out of stakes-placed Sierra Aleone (Gemologist), the dark bay was consigned by Eaton Sales.

During Thursday's session, 255 horses sold for $2,645,700 for an average of $10,375 and a median of $7,000.

Horses of Racing Age Sell Friday

Selling will continue Friday at Keeneland with the company's second November Horses of Racing Age Sale. With entries still being added just days before sale time, 330 horses were catalogued for the one-session auction which begins at noon.

“We are excited for tomorrow's sale,” said Breathnach. “It's our second annual November Horses of Racing Age sale, so it's still a sale in its infancy. It's an important part of the market for us. This is where the purses really come into play and feed the demand for horses. Turfway is opening, Oaklawn is opening soon and Fair Grounds, so people are moving locations and it's a perfect opportunity for them to tweak their numbers and add or sell horses that have racing left in them.”

The Keeneland November Breeding Stock Sale had included a section of horses of racing age before that portion of the sale was separated out for its own sale a year ago. The inaugural November Horses of Racing Age sale saw 161 horses sell for a gross of $11,029,500 and an average of $68,506. Extortion (Into Mischief) topped the sale when bringing $1 million from Mick Wallace on behalf of Gandharvi.

“It's a sale that takes a little time to get really established,” Lacy said. “But we are seeing that there is an interest level from the Middle East and from different parts of world that are looking at this sale as an option now to source individuals for their racing programs. I think as the sale goes forward–and also the Horses of Racing Age Sale in April–it's going to gain more traction.”

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