FLORIDA 2YO TRAINING SALES: F-T February & OBS March

[Rupert Pupkin]

Originally Posted by Uncle Daddy

Curious what you auction experts think about the Adena offerings only galloping vs. breezing? Normal, significant ...?

Spent a little time in the sales barns Tuesday before auction. really like the Court Vision colt Hip #86

That is how they (Adena Springs) have always done it, dating back to when I first started going to 2 year old sales back in 2005. They never work their horses. They just gallop them. Adena Springs usually has a totally separate sale for their horses. It was unusual for these horses to be in this sale. They didn't belong in this sale. The Fasig Tipton Florida Sale is a boutique sale for select horses. I think this was kind of a one time experiment. I will be extremely surprised if Fasig Tipton allows the Adena Springs horses in the sale next year. For those horses to be in that sale was a travesty. It would be like allowing a couple of dozens golfers who can't break 100 to play in the US Open.

I doubt a single one of those Adena Springs horses could have gotten into that sale if they weren't owned by Stronach. My guess is that he made some type of deal with Fasig Tipton to allow those horses into the sale in exchange for him allowing the sale to be at Gulfstream. That is not to say that it isn't possible for one or two of those horses to turn out to be good horses. Mine That Bird was a $12,000 yearling and he won the Derby. So it would not be impossible for a couple of those horses to end up being good horses.

[Easy Goer Otis]

My partner has a pretty strong opinion that 2Yo's should not be fully exerted until they have the proper physical foundation, which is usually several months from now. So he was only looking at horses who were galloping.

Cheers,

Otis

[Cannon Shell]

It is much harder to select horses based on galloping than breezing.

While his hypothesis may or may not be correct, in the days where horses made more starts and had longer careers, they were already racing two year olds by this time of the year

[freddymo]

Originally Posted by Cannon Shell

It is much harder to select horses based on galloping than breezing.

While his hypothesis may or may not be correct, in the days where horses made more starts and had longer careers, they were already racing two year olds by this time of the year

It's got to be easier then buying them as yearlings or weanlings. Somebody paid 3 million for a weenie how does that happen

[Rupert Pupkin]

The OBS March Sale is going on right now. One of the first year sires who is looking pretty good so far is Twirling Candy. He had a colt at the Barretts Sale sell for $400,000 and now he just had a colt at OBS sell for $500,000. He's got a few more in this sale who look really good too. I don't think he has a ton of 2 year olds this year either. I think he was only bred to around 70 mares in his first year, unlike Super Saver last year who was probably bred to around 120 mares in his first year.

[Indian Charlie]

Originally Posted by Rupert Pupkin

The OBS March Sale is going on right now. One of the first year sires who is looking pretty good so far is Twirling Candy. He had a colt at the Barretts Sale sell for $400,000 and now he just had a colt at OBS sell for $500,000. He's got a few more in this sale who look really good too. I don't think he has a ton of 2 year olds this year either. I think he was only bred to around 70 mares in his first year, unlike Super Saver last year who was probably bred to around 120 mares in his first year.

I notice the Uncle Mo's have generally been selling well. How do they look to you?

It's a bit odd that his yearlings and 2yos have sold well, but his advertised stud fee has gone down.

[Rupert Pupkin]

Originally Posted by Indian Charlie

I notice the Uncle Mo's have generally been selling well. How do they look to you?

It's a bit odd that his yearlings and 2yos have sold well, but his advertised stud fee has gone down.

I think they have looked pretty good so far. They've been selling pretty well and they have worked pretty well.

Sometimes with a first year sire there can be really high demand. Sometimes there is a buzz about a certain sire and a lot of people want to breed to them. I think that was the case with Uncle Mo. His stud fee was $35,000 and I think he was booked pretty full, if not totally full. His yearlings sold reasonably well but not incredible. At the Keeneland Sep Sale his yearling average was $106,000 and the median was $75,000. That is decent for a sire that stands for $35,000 but not incredible.

Super Saver's yearling numbers were more impressive. At Keeneland Sep, his yearling average was $105,000 and his median was $80,000. But his stud fee was only $17,500. That is a much better return on your money. Even with him, his stud fee didn't go up in 2014, not even after his two year olds worked and sold well at the first couple of 2 year old sales. It wasn't until 2015 that his stud fee went up to $35,000, and that is because his progeny won a couple of graded stakes races in 2014. In general, the horses have to produce on the track for the stud fee to go up. With Uncle Mo, his stud fee may not have gone down if his yearlings' median was $100,000-$120,000, but his median was only $75,000 and they looked pretty good, but not great. If his 2 year olds win some big races this year, you will see his stud fee go up in 2015.

[Rupert Pupkin]

Originally Posted by Rupert Pupkin

The OBS March Sale is going on right now. One of the first year sires who is looking pretty good so far is Twirling Candy. He had a colt at the Barretts Sale sell for $400,000 and now he just had a colt at OBS sell for $500,000. He's got a few more in this sale who look really good too. I don't think he has a ton of 2 year olds this year either. I think he was only bred to around 70 mares in his first year, unlike Super Saver last year who was probably bred to around 120 mares in his first year.

Twirling Candy had 3 more horses sell. They went for $300,000, $630,000, and $310,000. I know that is a pretty small sample but those numbers are great.

[outofthebox]

What about the auspicious debut of Adios Charlie. Two sold for 600k...

[Cannon Shell]

Originally Posted by Rupert Pupkin

That is how they (Adena Springs) have always done it, dating back to when I first started going to 2 year old sales back in 2005. They never work their horses. They just gallop them. Adena Springs usually has a totally separate sale for their horses. It was unusual for these horses to be in this sale. They didn't belong in this sale. The Fasig Tipton Florida Sale is a boutique sale for select horses. I think this was kind of a one time experiment. I will be extremely surprised if Fasig Tipton allows the Adena Springs horses in the sale next year. For those horses to be in that sale was a travesty. It would be like allowing a couple of dozens golfers who can't break 100 to play in the US Open.

I doubt a single one of those Adena Springs horses could have gotten into that sale if they weren't owned by Stronach. My guess is that he made some type of deal with Fasig Tipton to allow those horses into the sale in exchange for him allowing the sale to be at Gulfstream. That is not to say that it isn't possible for one or two of those horses to turn out to be good horses. Mine That Bird was a $12,000 yearling and he won the Derby. So it would not be impossible for a couple of those horses to end up being good horses.

Boutique sales are dead. FT is trying to compete with OBS by having horses for the "middle" market too and Frank is willing to supply them. The only Boutique sale left is Saratoga

[Rupert Pupkin]

Originally Posted by Cannon Shell

Boutique sales are dead. FT is trying to compete with OBS by having horses for the "middle" market too and Frank is willing to supply them. The only Boutique sale left is Saratoga

Fasig Tipton has horses for the middle market at Timonium in May. That Florida sale is very hard to get into. They don't typically take horses that are going to to sell for $30,000. The average horse at that sale sold for $280,000 in 2014 and the median price was $180,000. In 2013 it was $385,000 and $300,000. We will see if they allow Frank's horses back next year. I doubt it. It cheapens the sale.