AMERICAN GRADED STAKES STANDINGS brought to you by Keeneland: EVERY DAY IS BLACK FRIDAY
Thursday, November 26th, 2009
By Ray Paulick
In honor of Black Friday, that “holiday” all men love to hate, we’re going to take a quick look at the year’s best bargains from among the ranks of 2009 American Graded Stakes winners. There are no American horse sales tomorrow, but perhaps this list of underpriced gems will inspire some of you to get up at 4 a.m. and drive to your local Wal-Mart in search of a flat-screen television for less $200.
First, some perspective. There have been 137 American Graded Stakes winners of 2009 sold at public auction as yearlings for an average price of $199,319 and a median of $105,000. That’s well above this year’s average price ($48,094) and median ($10,000) for yearlings sold, according to statistics from bloodhorse.com
Forty-five American Graded Stakes winners of 2009 sold as 2-year-olds. Their average price was $398,681 and their median was $170,000. Again, that’s well above the average ($48,797) and median ($20,000) for all 2-year-olds sold at public auction this year. (Pinhooked horses are counted in both categories.)
Of the 137 American Graded Stakes winners of 2009 that sold as yearlings, 43 of them sold for $50,000 or less—nearly one-third. That’s pretty good value!
Of the 45 American Graded Stakes winners of 2009 that sold as 2-year-olds, just 8 sold for $50,000 or less.
One of those bargains is Haynesfield, whose victory last weekend in the Grade 3 Discovery Handicap at Aqueduct was his first AGS win. Haynesfield was picked up for just $20,000 at the 2008 Keeneland April 2-year-olds in training sale. It was a good deal for his owners, but perhaps not for his seller; the Speightstown colt brought $100,000 at the previous year’s Keeneland September yearling sale.
The other top five 2-year-old sale bargains are G2 Distaff Handicap winner Secret Gypsy, $10,000; G1 Champagne winner Homeboykris, $11,000; G3 William Donald Schaefer Stakes winner No Advantage, $20,000; and G2 Razorback Stakes winner Let It Rock, $24,000. Like Haynesfield, Homeboykris sold for more as a yearling ($50,000) than he did as a 2-year-old, as did No Advantage ($35,000). There’s no telling why they brought less as juveniles than as yearlings, but I would bet dollars for donuts (and I love donuts) that veterinarians had something to do with it.
The blue-light special from the yearling sales among 2009 AGS winners is G3 Berkeley Handicap winner Autism Awareness, who sold for the bargain basement price of $1,000 at the CTBA’s Northern California sale. While it’s great value for the buyer, it’s a mixed blessing for the California commercial yearling market, or what there is left of it.
The other four steals were G3 Turnback the Alarm Stakes winner Unbridled Belle, $4,000; G3 Bowling Green Handicap winner Grand Couturier, $6,285; G2 Las Palmas Handicap winner Tuscan Evening, $8,823; and the $9,500 purchase Mine That Bird, winner of the G1 Kentucky Derby (though not for his original owners, who sold him privately for $400,000 late in his 2-year-old season.
There really are some deals out there, and when it comes to horses you don’t have to get up at 4 a.m. and fight the maddening crowds.
