All I'm saying is that I saw some nice but smaller individuals with decent pages bring less than their page/conformation would indicate the 1st day of the sale. I suspect that if they sold, someone got him or herself a racehorse.
I also understand from my husband who was there today that the 'normal sized' horses sold better today than the 1st day of the sale.
AND I see some positives in the sale, for folks breeding to race & hoping for state breeders' incentives, if the breeders are willing to let their horses go to an owner who will actually race them. It COULD be a win-win, but like everything in life, there are no guarantees.
Timonium sale
Moderators: Roguelet, WaveMaster, madelyn
Looking at the sales results Timonium is STILL a where you can buy a real racehorse for a very reasonable price.. One example is a Meadow Monster colt that is PABRED Delaware Certifued and eligible for the Maryland Millions.
I believe he went for $5,500 and I don't know how much more "reasonable" you want than that, assuming you are a buyer,
griff.
I believe he went for $5,500 and I don't know how much more "reasonable" you want than that, assuming you are a buyer,
griff.
"We has met the enemy and he is us" [Pogo]
KB - I'm glad to hear the normal sized horses sold better today. I was getting worried. Though I'm sure you couldn't tell..........lol
I don't mind seeing a few bred to race horses go for a cheaper price, but not as many as the first day of the sale. That was a scary pattern for the majority of the breeders in the Mid Atlantic. Most breeders can't afford the really good mares and breed to race. Some will put their babies in the Timonium Sale hoping to be in the black with most of them, to help carry their operations for another year. What they don't sell they race, but you don't want to race almost your whole sales consignment, that could break them financially. That's what it looked like was happening on Monday.
I'm going to breed to race and let the chips fall where they may in 3 years.
winds
I don't mind seeing a few bred to race horses go for a cheaper price, but not as many as the first day of the sale. That was a scary pattern for the majority of the breeders in the Mid Atlantic. Most breeders can't afford the really good mares and breed to race. Some will put their babies in the Timonium Sale hoping to be in the black with most of them, to help carry their operations for another year. What they don't sell they race, but you don't want to race almost your whole sales consignment, that could break them financially. That's what it looked like was happening on Monday.
I'm going to breed to race and let the chips fall where they may in 3 years.
winds
I was at Barretts before the sale and I noticed that the size thing can cut both ways. Overheard said by a prospective buyer looking at a particularly large yearling "in 2 years, he's either a superstar or he's pulling a wagon." I watched another one walk towards me and I swear what popped into my head was the Budweiser song. All he needed was feathers and he could pass for a Clydesdale. (That horse was one of the Golden Eagles and he sold for less than $20,000)
I noticed that big and athletic sells and big and clunky not so much. But not every buyer is sophisticated and some are impressed by big horses the same way Debbie DQ thinks she needs a 17 hand monster to impress the judges. We all talk about the market but the reality of any auction is that it is made of different buyers and some have distinct preferences.
I noticed that big and athletic sells and big and clunky not so much. But not every buyer is sophisticated and some are impressed by big horses the same way Debbie DQ thinks she needs a 17 hand monster to impress the judges. We all talk about the market but the reality of any auction is that it is made of different buyers and some have distinct preferences.
You gotta love the spin...
Today's Blood Horse NOW states:
The median took a "small dive?" Since when are double digits small?
Today's Blood Horse NOW states:
The 2007 Fasig-Tipton Midlantic Eastern Fall yearling sale ended its three-day run at the Maryland State Fairgrounds in Timonium, Md., Oct. 3 with an increase in average price and a smaller RNA rate, while the gross and median took a small dive.
For the sale, Fasig-Tipton reported 574 horses sold for $13,331,400, a decrease of 8.6% from last year. The average was $23,225, an increase of 4.8%, and the median dropped 13% to $10,000 compared to one year ago.
The median took a "small dive?" Since when are double digits small?
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parsixfarms
- Maiden Special Weight
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I have now purchased at this sale two years in a row. My sense is that one's perspective on the sale depends on why one is there. I can only offer the following observations:
Perhaps my trainer and I are becoming tougher graders, but I thought that last year's catalog was deeper than this year's. The end result was that the few buyers that were there (I didn't see a lot of people looking at horses on either Saturday or Sunday) often ended up on the same horses. To those with a nice horse, they were rewarded for it. The best example that I can think of is a More Than Ready filly that we liked that sold for $95,000. My trainer, who attended the Keeneland sale, said that he saw nicer More Than Readys bring less money at Keeneland, so this filly benefited from being a "bigger fish in a smaller pond."
As an owner that races on the NYRA circuit, we saw few horses that we believed could compete there. That's not to say that some of the "bargains" referenced elsewhere in the thread might not be useful horses elsewhere, but I'm sure that uncertainty with the Maryland racing situation isn't helping its state's breeders either.
Perhaps my trainer and I are becoming tougher graders, but I thought that last year's catalog was deeper than this year's. The end result was that the few buyers that were there (I didn't see a lot of people looking at horses on either Saturday or Sunday) often ended up on the same horses. To those with a nice horse, they were rewarded for it. The best example that I can think of is a More Than Ready filly that we liked that sold for $95,000. My trainer, who attended the Keeneland sale, said that he saw nicer More Than Readys bring less money at Keeneland, so this filly benefited from being a "bigger fish in a smaller pond."
As an owner that races on the NYRA circuit, we saw few horses that we believed could compete there. That's not to say that some of the "bargains" referenced elsewhere in the thread might not be useful horses elsewhere, but I'm sure that uncertainty with the Maryland racing situation isn't helping its state's breeders either.
I've attended that sale with a buyer's mentatlity for upteen years. I always thought it was a extremely fair market for buying a racehorse. Something with the blue collar kind of pedigree that would fit most everyones needs. If you got the occasional KY sired yearling, it wasn't really good enough for the better KY sales, that's why they were at Timonium. They were a little weak in either pedigree, or conformation but for the price someone could have themselves a nice little race horse.
For most of the breeders something in the 30 - 50k range would have garnered them a profit, maybe even 25k. Heck, I sold one a couple of years ago for 13k that made me money. But I saw a bunch that should have fit in that range, that had decent enough pedigree, weren't bad conformationally, but were averaged sized that didn't bring peanuts. They all couldn't have been that bad in everyones eyes, it had to be their size.
This isn't Keenland, if you want Keenland then they should go to Keenland. But, according to KB the last day of the sale turned around for those types of horses. She and her husband know what I'm talking about because we didn't sit to far from one another the first day of the sale.
I was just there to observe, to see what some of the yearlings looked like. I liked most of what I saw, but some of them came out of huge mares, because they were huge yearlings. I don't like big yearlings, not if I'm buying them for a client that wants to run them. Though most of the people I've done pedigree work for and gone to sales for breed to race and buy to race.
I guess most of the people that were there that bought the high priced yearlings are looking for the home run hitter, well, you have to strike out a lot before you can get the home run. I'd at least like to get on base and go on from there.
winds
For most of the breeders something in the 30 - 50k range would have garnered them a profit, maybe even 25k. Heck, I sold one a couple of years ago for 13k that made me money. But I saw a bunch that should have fit in that range, that had decent enough pedigree, weren't bad conformationally, but were averaged sized that didn't bring peanuts. They all couldn't have been that bad in everyones eyes, it had to be their size.
This isn't Keenland, if you want Keenland then they should go to Keenland. But, according to KB the last day of the sale turned around for those types of horses. She and her husband know what I'm talking about because we didn't sit to far from one another the first day of the sale.
I was just there to observe, to see what some of the yearlings looked like. I liked most of what I saw, but some of them came out of huge mares, because they were huge yearlings. I don't like big yearlings, not if I'm buying them for a client that wants to run them. Though most of the people I've done pedigree work for and gone to sales for breed to race and buy to race.
I guess most of the people that were there that bought the high priced yearlings are looking for the home run hitter, well, you have to strike out a lot before you can get the home run. I'd at least like to get on base and go on from there.
winds