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Originally Posted by rkinnin
Hey Steve et al,
I caught just a small portion of today's show when you talked about the drop in  for OBS.
If you feel that this will be the course for the balance of the year with other sales like Fasig-Tipton, etc do you feel that we may see dominance from horses abroad in the years to come instead? |
It will be a really slow market this fall with Fasig tiptons october yearling sale, the middle to back of the November books and anything in OBS like the January sale. Many of the horses in these sales are just not sale worthy in a depressed market and wont bring a bid or very small bids. With so many breeders trying to shed their lesser horses and mares, there will be a flood of cheap horses on the market. I doubt that it will have a lot of influence on the racing scene in the near future, I mean good horses are still good horses, they just cost a little less to acquire. In the long term you will see a reduction in mares bred which may not be all that negative if the reduction is taking out poor mares who arent producing anyway. You may also see more mares migrating to regional programs where the breeders awards are strong and the smaller breeders have a better chance to make money on the backend.
I would guess that the November sale at Keeneland will be worse than the September yearling market, especially the middle and lower end of the market, book 4 and beyond. Fasigs one day sale in November will do fine because they have a very strong book.