OBS March: Scat Daddy Filly, Pioneerof the Nile Colt Top First Session

by | 03.13.2018 | 11:24pm
Hip #151, a Pioneerof the Nile colt, sold for $850,000 at OBS March

Hip No. 141, a daughter of Scat Daddy consigned by Hartley / DeRenzo Thoroughbreds LLC, Agent, was sold to Phoenix Thoroughbreds III for $875,000 to top the first session of the Ocala Breeders' Sales Company's 2018 March Sale of 2-Year-Olds in Training. The dark bay or brown filly, whose eighth in :9 4/5 was co-fastest at the distance at Thursday's Under Tack session, is a half sister to graded stakes placed takes winner Sharp Sensation, out of Accusation, by Royal Academy.

Hip No. 151, a son of Pioneerof the Nile consigned by Eddie Woods, Agent, was purchased by OXO Equine LLC for $850,000.  The gray or roan colt, whose quarter in :21 1/5 was co-fastest at the distance on Thursday, is out of stakes winner American Lady,  a half sister to graded stakes winning OBS March graduate The Pamplemousse.

Hip No. 108, a son of Bodemeister consigned by Woodford Thoroughbreds, Agent, was sold for $725,000 to Tom McGreevy, Agent for Michael C Stinson. The bay colt, who worked an eighth in :10 flat on Thursday, is out of Victory Island by Friendly Island, from the family of champion Victory Gallop.

Eclipse Thoroughbred Partners and Repole Stable went to $575,000 for Hip No. 171, a daughter of Bernardini consigned by Crupi's New Castle Farm, Agent. The dark bay or brown filly, who turned in an Under Tack eighth in :10 1/5 on Thursday, is out of Awesome d'Oro, by Medaglia d'Oro, a half sister to stakes winner Street Secret.

Hip No. 282, a son of Mucho Macho Man consigned by Richardson Bloodstock, Agent, was sold to OXO Equine LLC for $575,000. The bay colt, who worked a quarter on Friday in :20 4/5 , is out of Dusty Rose, by Cherokee Run, from the family of champion Chief Bearhart.

Hip No. 169, Big Zipper, a chestnut colt by City Zip consigned by Bobby Dodd, Agent, was purchased by Steven W. Young, Agent for $550,000. Out of stakes placed Auspicious, by Indian Charlie, a half sister to graded stakes placed Flatter Than Me, he breezed an eighth in :10 flat on Thursday.

Hip No. 152, a daughter of Will Take Charge consigned by de Meric Sales, Agent, was sold to Mr. Ed Savant, Jr. for $525,000. The chestnut filly, who breezed an eighth in :10 flat on Thursday, is out of stakes placed Anchorage, by Tapit.

Katsumi Yoshida went to $525,000 for Hip No. 201, a son of Itsmyluckyday whose eighth in :9 4/5 was co-fastest at the distance on Friday. Consigned by Golden Legacy Stable LLC, Agent, the bay colt is out of graded stakes winner Briecat, by Adcat.

Hip No. 44, a son of Bernardini consigned by Eddie Woods, Agent, went to Spendthrift Farm LLC / Town & Country Racing LLC for $500,000. The bay colt is out of Sparkling City, by Cape Town, a half sister to graded stakes placed Desert Warrior.

Hip No. 61, a son of Cairo Prince also consigned by Crupi's New Castle Farm, Agent, was also sold for $500,000, going to Jamie McCalmont, Agent for Jon Kelly, The dark bay or brown colt, who worked an eighth in :10 1/5 on Thursday, is out of Summer Shade, by Stephen Got Even, a half sister to graded stakes winner Hot Summer.

For the session, 114 horses sold for a total of $19,713,000 compared with 148 bringing a total of $26,766,500 last year. The average was $172,921 compared to $180,855 in 2017 while the median price rose 5% to $105,000 from $100,000 a year ago. The buyback percentage was 38.3%; it was 28.8% in 2017.

The March Sale continues on Wednesday, March 14th at 10:30 a.m. with Hip No.'s 287 – 573 set to go through the ring.

Current information about OBS sales, consignors and graduates is now also available via social media sites Facebook and Twitter. A link on the homepage directs users to either site.

Sales results are available on the OBS website, updated frequently during each session of the March Sale. In addition, the latest news regarding OBS graduates, sales schedules, nominations, credit requests, travel information and other news relevant to OBS consignors and customers is also available. E-mail should be addressed to [email protected]

  • Nancy

    Yes, let’s celebrate all the money being spent on these horses. Then down the line rescue organiztions will be begging for Joe Sixpack to send their dollars to rescue them and where will these big dollar buyers be? Nowhere to be found if history is any indication. Sad.

    • HowardRoark314

      What about the sellers? Are they going to be around to help?

      • Dadnatron

        A lot of sellers ARE around. WE have either kept, homed, or claimed back and kept every racer we have sold/raced.

    • ziggypop

      Thank you for speaking the truth about the plight of “now undesirables” and the perversity of rescuers needing to beg for financial help to save them from a trip to hell.

  • Tinky

    At least 169 out of 286 horses were either withdrawn or not sold. That’s 59%.

    It would be funny if it weren’t so sad.

    • David Worley

      Tinky, I noticed this. Please opine a bit on the ‘why’ behind this?

      • Tinky

        As I have noted on many previous occasions, the American racing industry is a microcosm of broader American society. What you are seeing with these kind of numbers is, in my view, a reflection of further concentration of wealth at the top, and downward pressure on the middle market, exactly as is occurring in the broader economy.

        Owners and consignors who play the 2yo sales game are increasingly swinging for the fences, and increasingly striking out as a result.

        This is very unhealthy, and I believe another portent of a profound economic crisis that will undoubtedly unfold.

        • David Worley

          Thanks. Would love your comment on my post about best deal on this story.

        • OopsyDaisy3

          Brilliant Tinky. Disturbing and eye opening. What happens to those that do not sell? Then will enter those of us who try and
          do away with the slaughter of horses. Linda in Texas

          • Dennis

            Would think most are raced by their owners just because there pulled from sale dosnt mean an end wpuldnt think even one went to slaughter

        • Dadnatron

          I agree. There were too many ‘poor times’ during the breeze. They knew they weren’t going to sell, or at least sell well, and were withdrawn. I watched some of it live, as we had a yearling (FTO) which was in the sale. I saw several ‘sales’ which were under $20K. There is no way that a person can raise a foal -> 2yo for $20K without a free stallion season. But, I wish I could obtain the ‘stats’ on the outcome of all the sales vs records for the next 3 years. It would be interesting. (I don’t have the time nor patience to pull it all together.) But I’ve said it before and I’ll keep saying it. I think the biggest reason for foal crop and ‘mid range’ decrease, is the cost of training.

  • greg

    The colt breezed a furlong in 10.1, and when they run races of 1/8th mile that will be a sure winner, however for a race over 1 mile I doubt that time will mean anything. When will buyers stop being fooled into paying $1m for a horse based on a 1/8th or 1/4 mile work??? Let me see the horse run 1/2 mile at least to see the stride, the balance, I don’t care how fast the can run from the barn to the track

  • David Worley

    I spent some time watching back the videos tonight. IMO the steal of the auction was hip #159, a colt for $8K out of More Than Ready and an Arch mare who ran in the BC Fillies Turf with a highest lifetime speed figure of 104. He moves nicely and I cannot figure out why there wasn’t more interest.

    This also highlights how insane the top end of the market is. Why would you shell out half a million dollars for these horses when there are dozens of comparable value (at least what you could assess at this age) going for under $50K. You could buy 5 horses for the price of the singular one plus having the training costs set aside for the first year. The horse market makes zero sense to me; it seems to be totally irrational and not systematically coherent.

    • Tinky

      More than a few horses worked in 10 2/5, and prices covered a broad spectrum. When you see a sharp anomaly like $8k, though, the explanation will almost certainly be found in the vetting.

      There was nothing off-putting in the video, and the pedigree was plenty solid. My guess would be a bad throat, though there may well have been worrying findings in radiographs.

      With regard to times, there is, as you suggest, an over-emphasis of their importance. That is not to say that as a group, the 20 fastest workers don’t outperform the 20 slowest – of course they do. But a fifth of a second or two (or three) is virtually meaningless without context. Gallop-outs are extremely important, and often make the difference between high and (relatively) low prices. Vet results can obviously have a a major impact on risk analysis (and value). Other variables including how vigorously a horse is ridden; stride length; deviations in action; conformation; temperament, etc.

      Your points about spreading the risk and increasing the odds of success are perfectly sensible. But few owners who buy around the top of the market are concerned with conservative business practices. They, too, prefer to swing for the fences, and can afford to do so.

      • Dadnatron

        Big spenders aren’t looking for a 10% ROI. They want prestige with potential of a big stallion. But it is the G1 Prestige which really drives them.

      • David Worley

        Thanks Tinky.

        My daughter, who is a sixth grader, was looking over my shoulder when I was watching these videos. In explaining what this OBS sale was I said, “it’s sort of like going to top-end (club) middle school track meet to see if you can pick out the future superstars of professional track and field.” How difficult that task would be, because if you have any athletic prowess yourself you will realize that those who look good at the 7th grade meet aren’t usually blazing it up at age 25.

        And to this point, think about how many people overcome “deficits” to be great athletes. To take this a step further, let’s consider the “confirmation” of human track athletes. Many, many, many of them don’t have the sort of dimensionality you’d like (for instance perhaps they pronate), many have movement deficits in their stride (there was a great piece on Usain Bolt on this topic in the NY Times a while back), and many don’t “conform” to what would be “ideal.”

        So, I’ll go out on a limb here to say that, perhaps, we over value what is thought of as ideal confirmation. AND, these defects are exactly where you want to focus your spending. Obviously there will be defects that are total deal killers, but I’d want to make that assessment based on direct experience rather than “conventional wisdom” which is often incorrect.

        • Tinky

          Well, the importance of conformation defects in racehorses has been refined over hundreds of years, both by breeders and (especially) those who buy and train them.

          There are certain defects that do pose severe risks, though again, context is important. ‘Back at the knee’, for example, is a defect which, when pronounced, bodes very poorly for soundness. Upright (i.e “straight”) pasterns is another. Both of these classic defects can be mitigated somewhat by surface, as you will find more successful runners with them in Europe than the U.S., but only to a degree.

          Now, when it comes to less serious defects, such as slightly offset knees, or toeing out, etc., then yes, better value can be found as opposed to buying a perfectly conformed horse.

          It’s also worth noting that some horses move through defects better than others, and judging that variable is also important.

          • David Worley

            Thanks Tinky.

          • Tinky

            You are welcome.

          • Rachel

            that is, of course, assuming that the conformation you see, is their natural (genetically-produced, and what they would produce) conformation

          • Tinky

            Yes, true, yet another complication.

        • Dadnatron

          Conformation is important, because it is a statistic related to likelihood that the horse will be sound for racing. As Tinky says, there are certain characteristics which can be overcome, but, when you are purchasing a horse, and you have your ‘pick’ of 300… why put yourself at a disadvantage? Conformation is most important in maintaining soundness… not on how fast the horse can run. And since they can’t complain about a ‘bad knee/ankle’ like Usain is able, it is much more difficult to prevent injuries. If you get a great deal… perhaps its worth the risk. And everyone points to ‘crooked champion G1 winners’ as proof… but the reality is, they are clearly the exceptions. Most of horses with conformation issues are unable to maintain track soundness, much less win a G1. It is an issue which people, when given the choice, are reticent to accept. Those ‘crooked winners’ are more often than not, home breds or private sales.

          • David Worley

            Good point Dadnatron.

    • riatea

      I inspected this More Than Ready, the price did not surprise me.

      • David Worley

        Please say more.

  • WT61

    Agree, too much emphasis is put on times. I’d like to see the breezes done away with all together and replace them with a good, strong hand gallop. I think that would better show the horse’s mechanics and potential ability. Would be better for their mind, too. I think pushing them at this young age to blow out an eighth fries a lot of their brains and makes them speed crazy. It’s not how races are run.

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