Ocala Breeders’ Sales Auction Produces Three Million Dollar Horses
The sales pavilion was buzzing during Thursday’s third session at the buy viagra online next day delivery Ocala Breeders’ Sales Company’s April Sale of Two-Year-Olds-in-Training-Sale. The auction had produced a total of two million-dollar sales in its entire history. That number was doubled early Thursday and when a third colt sold for $1 million near the end of the session. But it was a right here Tiznow colt ( hip 793) that sold for an all-time OBS record $2.45 million to Coolmore’s M.V. Magnier through cosign agent Bobby Dodd.
“Certainly the day exceeded our expectations,” said OBS Director of Sales Tod Wojciechowski. “There was obviously a lot of talk on the grounds about the Tiznow colt, but he went beyond, probably the consignor’s expectations, and ours as well. It was an exciting day, with not just him, but two million-dollar horses along with him.”
A filly by More Than Ready (hip 778) brought an even $1 million from Alessandro Marconi on behalf of a Middle Eastern client. After the Tiznow colt sent the floor buzzing, a Union Rags colt (hip 899) provided the exclamation point on the day when selling for $1 million as the fifth-last horse through the ring.
The $2.45 million colt by Tiznow worked a co-bullet in :09 3/5 during the under tack show, matching the time by the More Than Ready filly.
The previous OBS record was set at April in 2015 when a filly by Tapit brought $1.9 million. A colt by Broken Vow became the auction’s second seven-figure sale when bringing $1.2 million in 2016.
The million-dollar sales are a continuation of the evolution of the April market, which has seen its average and gross explode over much of the last decade.
“We’ve seen this evolution of the April sale where consignors are comfortable bringing any type of horse here and buyers are comfortable buying those type of horses here,” Wojciechowski said. “We have the high-end buyers, we have the mid-range buyers. There is a comfort level there knowing that stock like that is here. Each year, it just keeps building on itself.”
Through three of four sessions of the April sale, 521 head have grossed $47,382,700. The cumulative average is $90,946–up 18.2% from a year ago, while the median is up 4.4% to $47,000. With 108 horses reported not sold, the cumulative buy-back rate is 17.3%.
For the session, OBS sold 171 horses for $17,397,500. The average jumped 19.3% to $101,740 and the median rose 3.1% to $50,000. Thursday’s buy-back rate was a sparkling 13.2%.
In addition to the strength at the top of the market, this week’s April sale has also featured a robust middle market, something which has been lethargic at recent auctions.
“I love the April market because there is a middle and a bottom, where at some of the bigger sales you don’t have that luxury,” said David McKathan of Grassroots Training and Sales. “I bring horses in here that I intend to sell across the board. I bring horses in here that I would be happy to get $30,000 and make my profit. I think April is the most complete market that we have.”
Wednesday’s second session featured a colt by Medaglia d’Oro (hip 584) lead the proceedings when selling for $850,000 to the partnership group of Eclipse Thoroughbred Partners, Twin Creeks Racing, Bridlewood Farm and Robert LaPenta.
By Medaglia d’Oro, hip 584 is out of multiple graded stakes winner Indian Vale (A.P. Indy), who is a daughter of Grade I winner Marley Vale (Forty Niner). The bay colt worked a furlong in :10 1/5.
“The pedigree and the way he breezed convinced us he was a Derby-type horse and can hopefully get us where we want to go,” Gullatt said. “We want to go where Destin got us and where Tapwrit got these guys. Maybe he will give us a chance next year.”
The OBS April sale continues through Friday with sessions beginning daily at 10:30 a.m.