Sales jitters...

Talk about upcoming sales or auction results.

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shanova
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Sales jitters...

Postby shanova » Wed Jan 09, 2008 6:34 pm

Yes, I am a sales virgin & no comments are needed on that statement, lol

Our very first colt sells tomorrow and if that wasn't bad enough the market really stinks....Does it get any easier on your nerves? I am a mess, how do you guys do it?

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Postby clh » Wed Jan 09, 2008 6:40 pm

Suck it up - keep your fingers crossed and pray, pray, pray ;)

What are you selling and when?

I've got hip #1269 going tomorrow - Toccet filly out of Allou (Seattle Slew out of Fun Crowd) and Maven - if you're reading this Fun Crowd's family just hit the big time this week - Throng won a stakes race and Home Crowd (?) just placed in a stakes so it will be nice that they will be able to announce that at the sales tomorrow. Of course - Green Street shows up on the page :) as well.

Good luck to you! Actually - my stomache turns over every time I have to set a reserve (or not and let one go) - never know what will happen until the hammer falls. It is not a game for the weak hearted but heck - we all love it!!

I'll be there all day tomorrow - today I hit the stallion farms - boy did I see some that I loved!!! Now time to make decisions .......


C
"We are the people our parents warned us about" - Jimmy Buffett

"My occupational hazard is that my occupation is just not around" - Jimmy Buffett

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shanova
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Postby shanova » Wed Jan 09, 2008 7:17 pm

My first breeding decision, ah yes, an uneducated one at that....

Looks like we are the "neighbors" down the road in this sale as we have hip #1231 - the only Tiger Ridge colt out of R C U Later Elaine (Eastern Echo out of Religious Colony), her first and our only one this year. I thought the "Bashert" cross was nice, now, I still like the cross but for the sales not so sure.

Weak hearted, I'm not, but this first time is worse than going to the dentist!

Stallions...I have learned, oh so very much since beginning this. We have one left to go.

I'll stop by and see your filly. Maybe I'll see you there to..........
GOOD LUCK!!!!

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Joltman
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best wishes

Postby Joltman » Wed Jan 09, 2008 7:22 pm

I hope you meet your sales goals. Timing on the recent success couldn't be better but given the weakness of late, I hope you have a decent reserve.

To answer your question.... now perhaps you realize why Bourbon County is so named...

jm
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serenarider
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Postby serenarider » Wed Jan 09, 2008 7:54 pm

Good luck to both of you. I had one sell in Oct I had to set a reserve and the sale was not going well at all. Thank God he hit the reserve and all was well. But I can tell you I never watch one of my own go through the ring. I find a corner and waite. :? When it's over I know I can either hit the bar or hit the nearest bathroom :lol: Just kidding on that.

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Postby imnumberjuan » Wed Jan 09, 2008 11:31 pm

good luck to all of you!

This has to be worse than watching a horse race - at least you know with horse racing you can have another "start" (I have a whopping 40 "starts" under my belt, I swear I wash out worse than any horse...)
Gotta keep on Keepin on - Joe Dirt

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serenarider
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Postby serenarider » Fri Jan 11, 2008 7:10 am

It really seems to be a tough sale up there kind of like OBS this year in OCT. I saw both of your babies go through thought they looked great. Sorry about the prices for both of you.

Shanova did you just let yours go or did you buy back? ClH I saw you Rna are you going for the yearling sale?

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shanova
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Postby shanova » Fri Jan 11, 2008 1:39 pm

I let him go...we really do not have the facilities to hold through unil the yearling sale. The worst decision of my life!! If we had been able to get rid of a few mares prior, I think I might have jumped in and bought him back....I've seen him, watched him run and if whomever bought him does right by him, I firmly believe he will make them some money...in know, everyone says or thinks that of their horses but if you saw the video's I have of him, you'd think so too.

Anyhow....after the hammer fell, which I knew ahead of time the situation & the price, I said my goodbye's......found a bathroom & cried actually I wanted to throw up - he was my 1st baby.....then went straight for a drink thanks to the advice received earlier in this post.

Horses are simply being given away by breeders and stolen by buyers this time around. It is just the nature of the game. I knew his "breeding" was weak, he was late foal, short yet correct and well muscled muscular.

Now looking ahead....

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madelyn
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Postby madelyn » Fri Jan 11, 2008 4:51 pm

Sorry about your colt, Shanova.. $2K is just not enough.

This particular January sale has been a real puzzler. Due to an unusual number of dispersals from quality operations, there were some really strong pedigrees in the catalog, which, in my opinion, hurt the "standard" January horses very much, in that it pulled the buyers "up" and killed the middle market.

I had my very first sale baby go through the ring at Keeneland November.. she was a Street Cry filly bred on a 50/50 foal share. They "stole" her at $40K, but I took it philosophically.. after all, I still made money on her. But the experience left me a bit shaken and much firmer in my resolve to continue working on getting discounted fees, foal shares, auction seasons, etc., and on culling and improving my broodmare herd (and reducing it in size), and of course breeding as many as I can to my own stallion.

I am curious, Shanova, do you think naming your colt hurt him? I have heard people remark that leaving the horse unnamed is a more common practice. One opinion I heard, from a pretty well respected sales agent, is that naming the horse can give the impression that the breeder intended to race him. Therefore, if he is now in a sale, there must be something wrong under the hood. Another agent told me that most buyers want to name the horse themselves. What do you think?
So Run for the Roses, as fast as you can.....

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shanova
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Postby shanova » Fri Jan 11, 2008 5:32 pm

Thank you for the kind words...

Naming him may have possibly hurt, too what degree I am not sure. His name was unique and I as I was told not unappealing, it had a "ring to it".

His name nor his being named was not one of the reasons given for his sale price. He was a correct, racy looking colt that could do very well on the track as stated by many whom viewed him prior to sale. He simply was not the size they wanted heading to the September sale nor was he by a sire that would attract the kind of buyer attention they wanted for their yearlings at the September sale.

Many of the pinhookers looking forward to the September sale are looking at size...he was an April 16 foal, not as tall as they wanted. His sire being out of the country now and not have much "commerical" appeal...Tiger Ridge does sire winners, though the lack of graded winners keeps him from having that appeal. Additionally, the "stallion of the month" phrase was used to describe the commerical market appeal.

Number of foals on the market was also cited by many consignors, agents, buyers and sellers as the largest factor. There are simply so many foals by so many "popular" stallions going through the ring that buyers can pick and choose if they want a particuler foal by a particular stallion as they don't have to fight for it or settle for something else.

Live and Learn...I still firmly believe in this colt ability and will be anxiously waiting to hear how he does....just maybe see him on the track.
Who knows, Singletary wasn't a priced purchase, I think at just under $5000, anythings possible.

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Postby habitat » Fri Jan 11, 2008 7:32 pm

I would be interested to know if you used a consignor and if so, what valuation did they believe the foal would bring?

Thanks

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Postby larrygene » Fri Jan 11, 2008 8:15 pm

shanova, I've been in this game a long time. Yesterday your colt was worth $2K, next week he's worth $20K :?: :?: Who knows how to figure what the public will pay on any given day. If we could predict that we would be muti-millionaires!!! Please don't try and second guess yourself or analyze why he sold for what he did. You accept what the public was willing to pay today and you move on to the next one. I had an older gentleman tell me long ago about the horse business and that is " This game is not for the nervous novice". So please take this as a learning experience, and not a mistake, and move on. There is always another "baby" to love and another sale to sell. You never know when you will hit the home run :)

Never lose your dream,

Larrygene

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Postby imnumberjuan » Fri Jan 11, 2008 9:05 pm

Sound advice larry.
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Jenny
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Postby Jenny » Fri Jan 11, 2008 9:24 pm

This whole post makes me nervous. I have yet to put anything threw a sale. As it is now those are our plans for our first crop of Gone Fishin's foals. You never know in the Toronto sales how it is going to go. Or any sale for that matter. Do you put a reserve, or not? Would anyone consider putting weanlings through to get them "out there" for a new stallion? Is this common practice? Or wait till the yearling sale. What about selling privately? any suggestions or people experiences, especially with a new "owned" stallion would be greatly appreciated. :?

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shanova
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Postby shanova » Fri Jan 11, 2008 10:13 pm

habitat wrote:I would be interested to know if you used a consignor and if so, what valuation did they believe the foal would bring?

Thanks


Yes, we used a consignor and up until the third day, we were looking at quite a bit more than he brought, not a fortune but enough to cover more than just the sales entry fee, prep and consignor fee.

No, we did not expect or even consider the previous prices paid on this cross of 110,000, 140,000 and 270,000 - all at Keeneland sales but $2000 feels like standing on the freeway getting hit by a semi going 70 mph.

We are pretty much past it but it takes a little while for the shock & disbelief to wear off. We're already sending mares down for much earlier breeds as we speak...don't want to make that mistake twice.