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Keeneland September Yearlings!

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  • Original Poster

    #61
    Originally posted by ravenclaw View Post
    The Tapit - Fun House colt only sold for $275,000. Does that mean he didn't "tick all the boxes?"
    No. It just meant that there weren't two people who wanted him so badly that they would keep on bidding.
    Honestly, what they are worth to buyers has to be more than they are worth to the seller. I am often perplexed by the vagueries of the auction buying public. I suppose everyone just has their preferences...

    As for the private sale of an RNA horse, it's easy to understand how that can take place at an auction. Just one hypothetical; You want the horse and are bidding. The person(s) bidding against you stop at 75k. You bid 80K and the hammer falls. Horse is RNA because reserve is 85K. You would have given 85K but would obviously not bid against yourself. So you offer seller the reserve price because you want the horse. Granted, the reserve on many horses can be known if you ask around, but not always.

    Some of the large commercial breeders have RNA sections on their websites however, breeders like LaurieB who breed a small broodmare band of their own just for the pleasure breeding and racing (and most often don't stand stallions) don't operate in the same manner.

    In the past I knew them as "Public" vs "Private" breeders. I think the terminology has changed since then.

    Comment


    • #62
      Skydy, I'm with you on some of the head scratching on the sales price of some horses along with the RNAs with low prices...

      Was looking at Hip 594, a filly by Bodemeister out of Past Twilight (by Pulpit). Bodemeister's 2017 fee is listed at 'Private' and yet this filly sold for $50k.

      Or Hip 740, filly by Elusive Quality out of Sikara (IRE) or 747, colt by Bernardini (2017 fee $100,000) out of Simply Spectacular (no graded stakes but did win twice at 4 for $100K; this is her first foal). Both sold for $15K.

      That does leave me scratching my head unless there was something that was seen in person but not on the internet.

      Where are you finding photos/videos of horses not in book 1?
      No one can make you feel inferior without your consent. - Eleanor Roosevelt
      For you to insult me, I must first value your opinion - Unknown
      Pleasure Portrait 1989-2016...sleep well my girl

      Comment


      • #63
        What I can't get over is some of the high reserves set on some of these horses. So many RNA'ed for $500K+. What are the chances that so many of these yearlings will make that money back on the track or in the breeding shed? I'd take the money and run. But hey - I guess that's why I'm not in the breeding game.

        Where'sMyWhite On the head scratching prices of some of the horses - could be the buyers just don't like how that particular individual is developing or maybe there is something on the x-rays in the repository they don't like.
        Last edited by LuvRedHeads; Sep. 14, 2017, 09:49 AM.

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        • Original Poster

          #64
          Originally posted by LuvRedHeads View Post
          What I can't get over is some of the high reserves set on some of these horses. So many RNA'ed for $500K+. What are the chances that so many of these yearlings will make that money back on the track or in the breeding shed? I'd take the money and run. But hey - I guess that's why I'm not in the breeding game.

          Where'sMyWhite On the head scratching prices of some of the horses - could be the buyers just don't like how that particular individual is developing or maybe there is something on the x-rays in the repository they don't like.
          Some RNA horses will be kept for racing by the owners for (these horses are race bred after all) and others may be offered in a sale Two Year Olds in Training.

          Of course there are no guarantees in racing but beginning with a well bred well conformed individual makes perfect sense. Horse racing is not known for being profit making exercise. It is (for most people) an expensive hobby.

          Comment


          • #65
            I can see asking for a really high price because if you don't get it you can afford to race. Plus the excitement of having a horse that is winning must be out of this world.
            Hillary Rodham Clinton - the peoples choice for president.

            Comment

            • Original Poster

              #66
              Another lovely yearling Laurie!

              Comment


              • #67
                Originally posted by skydy View Post
                The agents and buyers who attend the sales go to the barns at the sale and ask that the horses they have short listed be taken out of the stall and walked for them. Some of the yearlings do a lot of walking!
                This reply popped into my head today after reading that Hip 1041, by Scat Daddy out of Beloveda, one of two $1M sales today was walked 220 times Sounds like she handled it well all 200 times

                LaurieB... mostly nosey. Think you'll keep Hip 416 and race him or see if you can sell him? Happy with how 1114 turned out? I like that you have a very small band of mares but breed to quality stallions. I know it doesn't always pan out but then there is something like Paid Up Subscriber who does you proud
                No one can make you feel inferior without your consent. - Eleanor Roosevelt
                For you to insult me, I must first value your opinion - Unknown
                Pleasure Portrait 1989-2016...sleep well my girl

                Comment


                • #68
                  Skydy, thank you for all the nice comments!

                  Where'sMyWhite, we were happy with the filly we took to the sale. Less happy with the price she brought. But we had already bought back the colt and we can't keep them all. As for the colt, I hope we end up racing him. There's a chance we may offer him again next month. It depends on how the rest of the sale goes.

                  As for comments on some of the prices that don't seem to make sense, it's a crazy market and has only gotten crazier over the last several years. It has a very strong top, a decent bottom, and no middle (the 100-200k horse). There are too many horses and not enough buyers. So unless you catch lightning in a bottle and jump up, buyers--even lookers--are hard to come by. Lots of nice horses are selling for less than they "should" because there just aren't enough shoppers looking for a good, solid, racehorse.
                  www.laurienberenson.com

                  Comment


                  • #69
                    LaurieB, thanks for the comments

                    I can imagine you weren't happy with her price but wasn't sure. Keep us posted on the colt.

                    Must be hard then for breeders like you that are aiming to breed for potentially higher than bottom end but not the top end so yes, aiming for the middle. I know there were RNAs that left me scratching my head just based on pedigree (but true, didn't see the horse itself).

                    I do love your breeding strategy... nice, small band of mares choosing nice stallions and then doing what all breeders must do... cross your fingers
                    No one can make you feel inferior without your consent. - Eleanor Roosevelt
                    For you to insult me, I must first value your opinion - Unknown
                    Pleasure Portrait 1989-2016...sleep well my girl

                    Comment


                    • #70
                      Originally posted by Gestalt View Post
                      #62 chestnut colt had a terrific walk. Nice one!

                      #153 colt by Candy Ride rna'd @ 1,900,000
                      That was obviously an "all the way" reserve . Keeneland keeps bidding on behalf of the seller, until they get to the RNA price. We have no idea when the live money stopped bidding. The Keeneland auctioneers are masters at this -- FT auctioneers are not as good; you can often tell with the live money has dropped out and the "reserve" bids are all coming from the 'house'. If there had been one bidder willing to go to $2m, the colt would have sold.

                      Often you can tell because the auctioneers start "acknowledging bids from "in back" (although, just as often, live bidders are actually standing in back, so as to be more circumspect with their bidding.)


                      "He lives in a cocoon of solipsism"

                      Charles Krauthammer speaking about Trump

                      Comment


                      • #71
                        I have been a BIG fan of the sire Perfect Soul for awhile now. I am surprised more don't breed to him and I'd be willing to bet he is pensioned soon due to his age. Just saw one of his fillies sell in Session 11 for $1000.00!! Dam is a Smart Strike x Danzig x Affirmed mare.

                        What a steal. wish there were photos on these end of sale lots that are going so cheap. I might have considered bidding

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