Does anyone know what happened to Hip # 110?
Not For Love X Timely Broad by Broad Brush
griff
F-T Midlantic Eastern Yearling Sale
Moderators: Roguelet, WaveMaster, madelyn
JYS wrote:The numbers are down a bit, but nothing drastic, it appears.
As I said in the OBS thread, the smaller regional sales are going to be affected less by this fallout because the range in prices and the amount of horses offered is much smaller than the inflated KeeSept sale. I think it's size is it's own worst enemy in a market like this.
Median for the sale is down 40% to $5000 (half sold for under $5k, half sold for more). Last year it was $9k. You can't breed a mare with zero stud fee, foal the baby, raise the foal, etc. for anywhere near that. I do not know how half the breeders can continue.
jm
Run the race - the one that's really worth winning.
griff wrote:WOW! A ready to start NFL filly out of a graded stakes winning Broad Brush daughter sells for $4k less than NFL's stud fee..
This is definitely the year to get into the race business.
griff
This was a YEARLING sale wasn't it? So not a ready to start filly, but I agree what a steal, even if she doesnt make it to the track will be a nice one to breed later
HR LLC wrote:Why purchase a yearling when most of these horses will be back at the Mid Atlantic 2 year old sale? I doubt the economy will be back in May 2010. Let someone else bear the expense of getting these horses ready for the track.
It's unfortunate that there are a lot of people who think like you.
Personally, I wish they would do away with 2yo in training sales. Even if you buy one there, you can't just load them into the starting gate the next week. Many, many horses come out of these sales and need time.
Bohemia wrote:It's unfortunate that there are a lot of people who think like you.
Personally, I wish they would do away with 2yo in training sales. Even if you buy one there, you can't just load them into the starting gate the next week. Many, many horses come out of these sales and need time.
Cause du-jour. The ills of the entire market blamed on the abuses of one segment, without regard to the abuses of every other segment (including the yearlings). I know many who have expressed the exact sentiment of HR LLC. Truth is, I don't know of many who expect to buy a two year-old and "throw them in the gate", Bohemia. Every single one of them needs time. Just not a year, year and a half. But you are right, many of them need time to recover from the stress of the 2YO sale. And sadly, some never do.
Bohemia wrote:The part of HR LLC's comment that I took exception to was: "Why buy a yearling ... ?"
Should yearling sales be discontinued, then?
Why? Lots of people pass the yearling sales and buy only two year-olds, simply because they get a more finished product and don't have to pay for an extra year of farm bills. That said, you couldn't sell a 2YO to a lot of folks who hate the two year-old sales... because they feel pinhookers push the horses too hard. To them, carrying a yearling is LESS of an expense than having to rehab a horse, or buy a horse that never makes it to a sale. Others would argue that yearlings don't make it to the track either, so why not find one healthy at the 2YO stage. There are pro's and con's to each.
Fact is, it's become easy to buy a horse your way. And cheaper too
lSome stallion pages seem to indicate that in normal years there s money to be made buying yearlings and selling them as 2 YOs. I realize there are expenses involved ihere but some of the yearling vs 2 YO auction avearges on many stallion pages show a significant increase betweeen avearge yearling prices and average 3 YO prices..
griff
griff
"We has met the enemy and he is us" [Pogo]