Keeneland Sale: 'Hip Watch' and running observations..

[Sightseek]

Originally Posted by Cannon Shell

For breeders and farms, this sale is a bloodbath. Obviously some breeders havent adjusted their prices enough as seen by the high number of buybacks. These numbers will be frighteningly low as compared to years past.
If a person ever wanted to get involved with TB ownership there will never be a better time. AP Indy fillies out of stakes winning dams bringing less than 100k? Wow.

On a positive note Scavs/GBBob will be swinging into action tomorrow around 11am. Philski is the wingman.

Do you think this will make it more likely that the rush to retire will cease for a bit?

[Cannon Shell]

Originally Posted by Sightseek

Do you think this will make it more likely that the rush to retire will cease for a bit?

Well there will be less incentive to retire colts but then again Vinery just gave a lot of money for 1/2 of a pretty medicore prospect in POTN. There wont be as much money at the top of the market, the $40 million types but the lower end will still pay more than a horse will earn on the track. In theory this market should continue to collapse for at least another year or two. The bloodstock market in November will be much worse.

[Sightseek]

Originally Posted by Cannon Shell

Well there will be less incentive to retire colts but then again Vinery just gave a lot of money for 1/2 of a pretty medicore prospect in POTN. There wont be as much money at the top of the market, the $40 million types but the lower end will still pay more than a horse will earn on the track. In theory this market should continue to collapse for at least another year or two. The bloodstock market in November will be much worse.

Is this why your really sending Phil?

What happened to all the free food and beverages?
Jeffrey Seder of the EQB consulting firm joked that one sign of the Thoroughbred market’s health was the difficulty he was having finding a free cup of coffee at the September sales. Some consignors, when the auction business was doing better, had large spreads of food and provided drinks. But this year, they were cutting back on the freebies. To economize, Denali Stud’s Craig Bandoroff stopped offering pistachios. But you could still find rum cake at Mill Ridge Sales, and Lane’s End still was giving away hats with their stallions’ names on them.

http://www.bloodhorse.com/horse-raci...d-some-answers

[Sightseek]

Year No Head
Sold Gross Amount Average Price Median Price
2008 154 56,047,000 363,942 300,000
2009 107 24,949,000 233,168 200,000

[Scav]

Originally Posted by Sightseek

Is this why your really sending Phil?

What happened to all the free food and beverages?
Jeffrey Seder of the EQB consulting firm joked that one sign of the Thoroughbred market’s health was the difficulty he was having finding a free cup of coffee at the September sales. Some consignors, when the auction business was doing better, had large spreads of food and provided drinks. But this year, they were cutting back on the freebies. To economize, Denali Stud’s Craig Bandoroff stopped offering pistachios. But you could still find rum cake at Mill Ridge Sales, and Lane’s End still was giving away hats with their stallions’ names on them.

http://www.bloodhorse.com/horse-raci...d-some-answers

It has definitely changed, Keeneland still supplying bottled water but last year Mill Ridge had a rockin area. Some of the smaller consigners had Jolly Ranchers today.

I WISH it was actually me being able to get a thoroughbred, with the bonus depreciation and new depreciation method for yearlings(4 year; 25% / 37.5%/25% /12.5%), you can recoup more then half of purchase price (25% then 50% on that final 75%) in a tax deduction so it would be a great idea if you did have the cash

[philcski]

Originally Posted by Sightseek

Is this why your really sending Phil?

What happened to all the free food and beverages?
Jeffrey Seder of the EQB consulting firm joked that one sign of the Thoroughbred market’s health was the difficulty he was having finding a free cup of coffee at the September sales. Some consignors, when the auction business was doing better, had large spreads of food and provided drinks. But this year, they were cutting back on the freebies. To economize, Denali Stud’s Craig Bandoroff stopped offering pistachios. But you could still find rum cake at Mill Ridge Sales, and Lane’s End still was giving away hats with their stallions’ names on them.

http://www.bloodhorse.com/horse-raci...d-some-answers

ask chuck for the J Be K DVD i got for him from Gainesway!

this sale is an absolute bloodbath. Not a single seven figure purchase and lots of good flesh going through for much much much lower prices than expected. The half to Smarty Jones sold for $50k. FIFTY GRAND!!! That would have sold for $400k just a few years ago even if he was a total piece of sh1t (which he was, to be brutally honest.) Full to Malibu Mint for $130k an RNA (was an absolute head case though). A beatiful NYB half to Clock Stopper by Henny Hughes RNA for $30k (must have vetted poorly because she walked fine). Storm Cat half to AFLEET ALEX(!!) for $300k. Storm Cat out of Serena's Song for $450k. Average down from last year from $363k to $233k and down from 2007's $394k and 2006's $539k. Wow.

People, if you've ever been interested in ownership this is the time to do it. The later books will have gems for very cheap. GET INVOLVED!!!!!!!!

[Scav]

Originally Posted by philcski

ask chuck for the J Be K DVD i got for him from Gainesway!

this sale is an absolute bloodbath. Not a single seven figure purchase and lots of good flesh going through for much much much lower prices than expected. The half to Smarty Jones sold for $50k. FIFTY GRAND!!! That would have sold for $400k just a few years ago even if he was a total piece of sh1t (which he was, to be brutally honest.) Full to Malibu Mint for $130k an RNA (was an absolute head case though). A beatiful NYB half to Clock Stopper by Henny Hughes RNA for $30k (must have vetted poorly because she walked fine). Storm Cat half to AFLEET ALEX(!!) for $300k. Storm Cat out of Serena's Song for $450k. Average down from last year from $363k to $233k and down from 2007's $394k and 2006's $539k. Wow.

People, if you've ever been interested in ownership this is the time to do it. The later books will have gems for very cheap. GET INVOLVED!!!!!!!!

This is partially true but people also need to consider that it takes alot of money from September XX to September 1st the following year or even longer to get them ready to run

[VOL JACK]

Originally Posted by philcski

ask chuck for the J Be K DVD i got for him from Gainesway!

this sale is an absolute bloodbath. Not a single seven figure purchase and lots of good flesh going through for much much much lower prices than expected. The half to Smarty Jones sold for $50k. FIFTY GRAND!!! That would have sold for $400k just a few years ago even if he was a total piece of sh1t (which he was, to be brutally honest.) Full to Malibu Mint for $130k an RNA (was an absolute head case though). A beatiful NYB half to Clock Stopper by Henny Hughes RNA for $30k (must have vetted poorly because she walked fine). Storm Cat half to AFLEET ALEX(!!) for $300k. Storm Cat out of Serena's Song for $450k. Average down from last year from $363k to $233k and down from 2007's $394k and 2006's $539k. Wow.

People, if you've ever been interested in ownership this is the time to do it. The later books will have gems for very cheap. GET INVOLVED!!!!!!!!

The half to Afleet Alex was the real eye-opener for me.
Being a Filly, I thought she would be worth that if she never had a chance to make the track.

[Riot]

I saw alot of big names there today (Californians in strong) - must be sitting on their wallets, waiting for later books. But the repository was strangely dead and empty today, too, especially not alot of Florida vets up here (although people may not be vetting, I saw a couple with "not clean" rads get well sold today)

[Cannon Shell]

Originally Posted by VOL JACK

The half to Afleet Alex was the real eye-opener for me.
Being a Filly, I thought she would be worth that if she never had a chance to make the track.

The two AP Indy fillies out of young stakes winning mares selling for 65K and *90k (this was a public buyback of sorts as was bought by one of the breeders on a probable foal share deal) early in sale sale (hips 7 & 10) should have been enough to put everyone on notice. It is an extreme buyers market. The barns have been dead the entire sale. I looked at my entire list of book 1 horses in 3 hours Sat am simply because there was rarely anyone else in front of me. We went to the Eaton consignment after lunch today to finish up Wednsedays horses and there was literally no one else there. At 1:15 on Monday, there was virtually no one at one of the biggest outfits there. That says a lot. I know that the pinhookers are very weak this year (the vast majority of the missing FL vets work for pinhookers) but outside of the usual players there was no activity. A lot of the horses today were bought by foreign outfits. Even guys like Mike Ryan who buy a lot of horses were not very active.

[Riot]

Well, if it turns to complete disaster, at least local folks can take them home, no hay shortage this winter.

[Sightseek]

Originally Posted by philcski

ask chuck for the J Be K DVD i got for him from Gainesway!

this sale is an absolute bloodbath. Not a single seven figure purchase and lots of good flesh going through for much much much lower prices than expected. The half to Smarty Jones sold for $50k. FIFTY GRAND!!! That would have sold for $400k just a few years ago even if he was a total piece of sh1t (which he was, to be brutally honest.) Full to Malibu Mint for $130k an RNA (was an absolute head case though). A beatiful NYB half to Clock Stopper by Henny Hughes RNA for $30k (must have vetted poorly because she walked fine). Storm Cat half to AFLEET ALEX(!!) for $300k. Storm Cat out of Serena's Song for $450k. Average down from last year from $363k to $233k and down from 2007's $394k and 2006's $539k. Wow.

People, if you've ever been interested in ownership this is the time to do it. The later books will have gems for very cheap. GET INVOLVED!!!!!!!!

I have $5 if you want to pick up any of these horses:

http://www.foaltrack.com/FoalDetail.aspx?FoalID=4412

http://www.foaltrack.com/FoalDetail.aspx?FoalID=4393

http://www.foaltrack.com/FoalDetail.aspx?FoalID=4388

http://www.foaltrack.com/FoalDetail.aspx?FoalID=4328

http://www.foaltrack.com/FoalDetail.aspx?FoalID=4323

http://www.foaltrack.com/FoalDetail.aspx?FoalID=4319

http://www.foaltrack.com/FoalDetail.aspx?FoalID=4306

http://www.foaltrack.com/FoalDetail.aspx?FoalID=4258

[Riot]

Originally Posted by Sightseek

I have $5 if you want to pick up any of these horses:]

I like 347. I've got $10

[Sightseek]

Originally Posted by Sightseek

I have $5 if you want to pick up any of these horses:


http://www.foaltrack.com/FoalDetail.aspx?FoalID=4388

This one RNA'd for $70K. I was so close!