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

[freddymo]

I wonder how high RNA's will be.. Lots of high opinions and extremely high starting points. You buy a yearling for 600k and put 150k in training vetting and etc. into them do you sell that type for less then 1.2?

[Kasept]

FASIG-TIPTON STREAM: http://www.fasigtipton.com/fasig-tip...amingVideo.php

DRF COVERAGE/STREAM: http://www.drf.com/news/live-video-2...-year-old-sale

[Scav]

Originally Posted by freddymo

I wonder how high RNA's will be.. Lots of high opinions and extremely high starting points. You buy a yearling for 600k and put 150k in training vetting and etc. into them do you sell that type for less then 1.2?

Do tell where you got the 150k training/vet number from?

Assuming a September buy, its 6 months of training, or by your math, 25k a month, or about 833$ per day.

How about 36k, maybe 40k tops? And that is on the high side. I think Eisaman charges about 70 a day for yearling prep and that includes normal vet, that was two years ago.

[Rudeboyelvis]

Originally Posted by Scav

Do tell where you got the 150k training/vet number from?

Assuming a September buy, its 6 months of training, or by your math, 25k a month, or about 833$ per day.

How about 36k, maybe 40k tops? And that is on the high side. I think Eisaman charges about 70 a day for yearling prep and that includes normal vet, that was two years ago.

Don't know the market now, but 10 years ago if you were paying over 30K, you had horse issues.

Normal vet / training was typically just under/just over 30K depending on an August/Sept purchase and a Mar/Apr sale. I'd have to assume your number is probably way more correct these days... Freddie's been hanging with the Sheiks apparently.

[Danzig]

steve, What is the significance of the two listed in red, 120 and 134?

[Rupert Pupkin]

Originally Posted by Danzig

What is the significance of the two listed in red, 120 and 134?

Hip #120 is the horse that many expect to be the sales-topper. Some people are saying that horse will go for a few million dollars. If so, that will be the highest priced 2 year old in the last few years. The horse didn't even work that fast (:10 2/5) but he is a very pretty mover and he had a really strong gallop out. I heard he galloped out 3 furlongs in :34. By the way, the track this week is more than a 1/5th of a second slower (for a 1/8th of a mile work) than what we usually see at these sales. Last year when this sale was at Adena Springs, there were 3 horses that worked :9 4/5 and about 30 horses that worked :10. This year not a single horse worked :9 4/5. Only one horse worked :10. There were only 12 horses that worked :10 1/5. So it was easier to wok :10 last year than it was to work :10 1/5 this year.

[Easy Goer Otis]

Just bought a small slice of HIP22 with my partner.

She's a Stephen Got Even. Second dam popped Macho Uno and Awesome Again. Will run her at PID, or Woodbine as she is a Canadian-bred and she would be eligible for MSW80k races up there.

First 2YO for Hosehead Racing!

Cheers,

Otis

[Dunbar]

Originally Posted by Easy Goer Otis

Just bought a small slice of HIP22 with my partner.

She's a Stephen Got Even. Second dam popped Macho Uno and Awesome Again. Will run her at PID, or Woodbine as she is a Canadian-bred and she would be eligible for MSW80k races up there.

First 2YO for Hosehead Racing!

Cheers,

Otis

Congrats, and best of luck with her!

--Dunbar

[Alabama Stakes]

Originally Posted by Easy Goer Otis

Just bought a small slice of HIP22 with my partner.

She's a Stephen Got Even. Second dam popped Macho Uno and Awesome Again. Will run her at PID, or Woodbine as she is a Canadian-bred and she would be eligible for MSW80k races up there.

First 2YO for Hosehead Racing!

Cheers,

Otis

Otis, my man ! - Donald "Boone" Shoenstein

[Cannon Shell]

Originally Posted by Rupert Pupkin

Hip #120 is the horse that many expect to be the sales-topper. Some people are saying that horse will go for a few million dollars. If so, that will be the highest priced 2 year old in the last few years. The horse didn't even work that fast (:10 2/5) but he is a very pretty mover and he had a really strong gallop out. I heard he galloped out 3 furlongs in :34. By the way, the track this week is more than a 1/5th of a second slower (for a 1/8th of a mile work) than what we usually see at these sales. Last year when this sale was at Adena Springs, there were 3 horses that worked :9 4/5 and about 30 horses that worked :10. This year not a single horse worked :9 4/5. Only one horse worked :10. There were only 12 horses that worked :10 1/5. So it was easier to wok :10 last year than it was to work :10 1/5 this year.

If there wasn't a deluge of rain on Saturday we might have seen no one break 11. Track has been oddly deep at GP though after the rain storm it has tightened back up

[Kasept]

Originally Posted by freddymo

I wonder how high RNA's will be.. Lots of high opinions and extremely high starting points. You buy a yearling for 600k and put 150k in training vetting and etc. into them do you sell that type for less then 1.2?

How did you derive that (inflated) number?

[freddymo]

Originally Posted by Kasept

How did you derive that (inflated) number?

Well I think about it as such the generic stuff is easy to figure. BUT you layout 600k for 6 months it costs money regardless if it comes from your checking account or you borrow it. Plus on a 600k horse that you are hoping to sell for 700 plus there is 70k in absolute expense at a minimum. I actually think my example is fair. 70+ in commissions, 30k training/vetting/transporation, and conservatively 20k in borrowing or income loss expense. As such you buy a yearling for 600k with the goal of selling that horse as a 2 year old in training you had better get 750+ to basically break even. Tough way to make a living.

[Rupert Pupkin]

Originally Posted by freddymo

I wonder how high RNA's will be.. Lots of high opinions and extremely high starting points. You buy a yearling for 600k and put 150k in training vetting and etc. into them do you sell that type for less then 1.2?

As others have said, the expenses are more like $20,000-$25,000. With regard to how much money the sellers will want for the horse, that just depends on the seller. Some sellers do not race and they will sell no matter what. They are willing to take losses on horses. There are other sellers that refuse to take a loss and if they don't make at least x amount of dollars profit, they won't sell. There was one east coast guy (he was an owner, not a consignor) a few years back who would only sell if he made an astronomical profit. He would buy a horse for $150,000 and then he would put a $700,000 reserve on the horse. It was absurd. None of his horses would ever sell.

Even though training and vet bills are typically only around $20,000, there are other expenses. The sales company gets 5% and the consignor gets 5%. So if you buy a yearling for $100,000, your breakeven number is probably around $135,000. It may be even higher if you paid the consignor a commission when you bought the horse.