2007 OBS February Select 2YO Sale

[serenarider]

Drey,
I saw your colt work. VERY nice job with him

[dray33]

Thanks serenarider! All I did was provide a wallet All the cred to Hoby and his crew.

[Rokeby Forever]

The Yes It's True (#45) did NOT sell well at all...what happened?

[dray33]

Looks like I am the proud, new re-owner of a NORTHERN AFLEET colt!

[HR LLC]

Dray33,
Are you going to put him in another sale or will you turn him out for a bit, then get him ready to race this summer/fall?

[dray33]

He is mine, and will not see another sale. I put him out there, he breezed beautifully, scoped perfect. That's what makes this game the greatest game. No guarantees. Now he'll get turned out for a bit, and come back even bigger and stronger down the road...

[Rokeby Forever]

Dray - you can always win the Tremont and sell him for $4 Million...it happened with Henny Hughes, right?

[Gallop58]

Not having participated in the 2YO sales road to glory before, would you mind doing the rough math of the yearling to 2YO process. I would never expect the deep details, but if you could lay out the broad strokes economic model when dealing with a serious consignor like Hoby, I for one would be appreciative.....

If you've got better things to do with your time (which I suspect you do!) please ignore this post!

Can you provide a short list of Fla consignors who have a good reputation for doing right by the horse (at least what you've heard)

Do the good ones take any old nag off the street who can pay the day rate, or are they selective?

Appreciatove newby in this area of the TB universe, (and oh ya, good luck with your buyback...)

KH

[dray33]

Happy to , no problem... although I must warn you, my method is really basic and cuts corners I'm sure. I look at it like this:

I bought the horse at a yearling sale, cost: $75,000. Plus 5% commission = $78,500.
Costs to "make him ready" is about $3,000 per month. 6 months between Yealing and Two-year old sale = $18,000
Insurance for six months is about $1,000.

Sum total of cost to get the horse to the sale: $78,500 + $18,000 + $1,000 = $97,500.00

If he doesn't sell, basically thats cost of the animal and trucking and fees from the sale. He is on the farm and I start incuring fees (less than the full training fees, until he goes to a trainer. When that happens, were back to $3,000 a month

If I am fortunate and he does sell, its sale price less commission. Normal commission is 5%. But thats up to you, I give slightly more.

As for finding the best consignor, I would stay away from the ones that would take any horse. I pay for the "right " guy to find the "right" horse. It's an art, I trust the eyes I have on the purchase side of things. In some ways, you don't make money selling the horse. You make money buying them right.

Best of luck to you, I hope this helps. Sorry its a bit "light" on content, but I try to keep it simple.

[clh]

So sorry dray33 that he didn't sell but glad you had the gumption to bring him home - we still have second thoughts about the boys in January and wished we had protected them better.

But looking at the costs you incur to get them further along is something I am willing to let someone else take the chance on and make the big money on if it works out for them. Haven't been in the biz long enough to take those kinds of hits!

Let us know how he does and when he goes back in training so we can follow him and root him on

Thanks for the info on the costs - was very insightful for me. I tend to forget how much it was to have our mare winter in Florida in training, pay the training fees, etc...

[CA Michael]

http://obssales.com/OBSPAGES/TACK_FEB07.pdf

An interesting fact (to me anyway) is the fact that 25 horses (13%) were withdrawn from the sale AFTER they had breezed at least one time at OBS. Of course, several reasons may account for this, but I wonder how many of these outs were due to unsoundnesses caused by the fast times.

[Rokeby Forever]

I thought it was strange that most of the outs were horses late in the sale. Were sellers not happy at the prices horses were bringing and pulled them out late?

[dray33]

http://obssales.com/OBSPAGES/TACK_FEB07.pdf
An interesting fact (to me anyway) is the fact that 25 horses (13%) were withdrawn from the sale AFTER they had breezed at least one time at OBS. Of course, several reasons may account for this, but I wonder how many of these outs were due to unsoundnesses caused by the fast times.

I think a majority of outs are caused by: the horses that do not breeze the fastest times are back at the barn and get no "looks", no traffic, and most important... nobody scopes the horse. Instead of throwing them in the ring or setting a reserve, they just pull the horse out of the sale due to lack of interest. It's obvious many sellers did not like the prices, or set higher reserves (like myself). It's either a bummer or blessing in disguise.

[Toccet02]

What I was wondering was if they only get one shot at a filmed breeze, or if they film 2 or 3 and get to post the best. Anybody know?

[dray33]

I know they get a shot of each breeze from a different day and post only the best breeze. At first, they showed my NORTHERN AFLEET colts 21.4 breeze... then it changed to the 21.3 the next time.