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General Category => Harness Racing => Topic started by: Harness Stats on October 02, 2023, 07:22:16 PM

Title: Lexington Yearling Sale Live Observations
Post by: Harness Stats on October 02, 2023, 07:22:16 PM
Sale just started  http://www.lexingtonselected.com/year-sale-video.html

This thread is if anyone wants to discuss or observe things that seem interesting for whatever reason.

First thing I see that was weird was they couldn't give away the first foal of Hen Party so to speak.  35,000 for a Cap T  .  Real Cheap
Title: Re: Lexington Yearling Sale Live Observations
Post by: shotgunner on October 02, 2023, 07:35:07 PM
Must have had a major flaw somewhere
Title: Re: Lexington Yearling Sale Live Observations
Post by: Stan durbread on October 02, 2023, 07:37:47 PM
It was a Crawford yearling. Looks like the TDS are not being well received
Title: Re: Lexington Yearling Sale Live Observations
Post by: Par Four on October 02, 2023, 07:47:25 PM
 Bidding seems slow not “spirited”
Title: Re: Lexington Yearling Sale Live Observations
Post by: TimTimTimbo on October 02, 2023, 07:53:15 PM
I bet the owners of the Maven filly expected more than $135,000. Must be something that many did not like
Title: Re: Lexington Yearling Sale Live Observations
Post by: wizardofoz on October 02, 2023, 07:55:53 PM
Sale just started  http://www.lexingtonselected.com/year-sale-video.html

This thread is if anyone wants to discuss or observe things that seem interesting for whatever reason.

First thing I see that was weird was they couldn't give away the first foal of Hen Party so to speak.  35,000 for a Cap T  .  Real Cheap
$45,000 but that is SHOCKING so MUST be MAJOR issue but if so why selling first night?
Title: Re: Lexington Yearling Sale Live Observations
Post by: Stan durbread on October 02, 2023, 08:02:46 PM
Could it possibly be the owners are sick of the M Crawford look at me shit.  While employers of 4 individuals that are in prison. So far their horses are selling cheap
Title: Re: Lexington Yearling Sale Live Observations
Post by: Harness Stats on October 02, 2023, 08:11:27 PM
Yes it was 45 not 35 but still something wrong there. 

Next weird observation hip 32 A Muscle Hill first foal of Quincy Blue Chip went for only 50,000.
Quincy Blue Chip was that filly that won a ton of NY Sires Stakes in a row in 2019 and was trained by Dowse.  When the shit hit the fan with the Marks/Schnittiker thing Blue Chip pulled this filly and put her for sale (I think on Ongait) Banca bought her and did OK but not the same as Dowse. She retired at the end of that year. 

So with the real good racing career of this mare 50 grand for a Muscle Hill seems cheap.  Are they worried about after effects of juice???
Title: Re: Lexington Yearling Sale Live Observations
Post by: LUCPARK on October 02, 2023, 08:19:01 PM
We buying 43

If under 350gees
Title: Re: Lexington Yearling Sale Live Observations
Post by: Harness Stats on October 02, 2023, 08:28:57 PM
That would have been a deal.  Went for half million. 
Title: Re: Lexington Yearling Sale Live Observations
Post by: Parked on October 02, 2023, 11:49:14 PM
For the mares he got TDS are not that hot.  Maybe trainers noticed driver had to pound on him to keep him going forward ? 
Title: Re: Lexington Yearling Sale Live Observations
Post by: horses first on October 03, 2023, 12:49:04 AM
On par but just short of last year. 189k in 22 vs 183k average 23. Look like one deep pocket spent over 3.0m while last year deep pocket spent more less on buying a single yearling.
Title: Re: Lexington Yearling Sale Live Observations
Post by: Fuguzzi on October 03, 2023, 12:51:10 AM
Could it possibly be the owners are sick of the M Crawford look at me shit.  While employers of 4 individuals that are in prison. So far their horses are selling cheap
tmbz1
Title: Re: Lexington Yearling Sale Live Observations
Post by: Harness Stats on October 03, 2023, 01:18:42 AM
Lets give some credit to Gympanzee.  So far the sales topper with the Mission Brief filly Kadena for Eight Hundred Grand.  Is that the highest ever paid for a filly at a yearling sale?

His other six all went for over a hundred grand, most much higher.  I did not see any averages posted yet although they might be, but I would be willing to bet that Gympanzee had the highest average by far.

Next on the weird scale is Determination.  So far all pacers which in itself is weird, except for Eurobank Hanover who went for the 2nd lowest of the entire sale 40,000.  This trotting bred colt is a full brother to their Emoji Hanover who just went in the Mohawk Million and Emoticon Hanover dam of Drawn Impression, also theirs and in that race who may also go on to be a great horse.  There has to be something really off with this one to go for that price.
Title: Re: Lexington Yearling Sale Live Observations
Post by: Open bridle on October 03, 2023, 04:17:41 AM
I'm thinking the bidding will be concentrated among fewer bidders this year. The ones with deep pockets and the large stables. Adding new sires increased the horses available. Overall yoy price averages will not as impressive as last year. Inflation and higher interest rates will take its toll on some smaller bidders. There will be bargains to be had. #61 Shartin N filly for 140k seem low to me.
Title: Re: Lexington Yearling Sale Live Observations
Post by: Parked on October 03, 2023, 07:03:43 AM
The overall condition of the industry has a lot more to do with the prices paid than inflation and interest rates. 
Title: Re: Lexington Yearling Sale Live Observations
Post by: The Exporter on October 03, 2023, 07:40:45 AM
Excellent point, Parked. Trotters have a much greater market on the top end as their potential is international. Both in race earnings and much greater in breeding value.
Title: Re: Lexington Yearling Sale Live Observations
Post by: augustaandy on October 03, 2023, 08:31:13 AM
some bidders get scared off purchasing yearlings that raced for trainers who may be perceived as trainers who won't ever be confused with hay and oats trainers

another huge price for a Mission Brief yearling, how have the other yearlings done on the track?

that's my point

newer larger buyer at the sale who purchased 3 higher priced trotting yearlings for a trainer not known for training trotters, training trotting babies is an art, an acquired skill, and not as easy as training pacers

we'll see how they do by the end of next year

overall sale was weaker than last year but still rather high, sale numbers will decrease (probably) from last year for the rest of the week, then the sale company may say they were expecting that

I saw a few that will give their owners great tax write-offs over the next couple of years, some prices baffled me

more fun to come

best wishes!
Title: Re: Lexington Yearling Sale Live Observations
Post by: Generation XYZ on October 03, 2023, 09:14:12 AM
some bidders get scared off purchasing yearlings that raced for trainers who may be perceived as trainers who won't ever be confused with hay and oats trainers

another huge price for a Mission Brief yearling, how have the other yearlings done on the track?

that's my point

newer larger buyer at the sale who purchased 3 higher priced trotting yearlings for a trainer not known for training trotters, training trotting babies is an art, an acquired skill, and not as easy as training pacers

we'll see how they do by the end of next year

overall sale was weaker than last year but still rather high, sale numbers will decrease (probably) from last year for the rest of the week, then the sale company may say they were expecting that

I saw a few that will give their owners great tax write-offs over the next couple of years, some prices baffled me

more fun to come

best wishes!

Largely agree with you. The extent of European buyers is also down, they usually contribute immensely to opening night gavel smashers. Not so much this year. Equally affecting is that there are many more sales and opportunities for buyers in other areas of the country. The proof of this is the altered sales schedules that were once set in stone. Including an entire day removed from the Harrisburg sale that once carried into the weekend.  Mainly this is harness racing only! TB's sales are still brisk, and the amount of entries just as large as ever.
Title: Re: Lexington Yearling Sale Live Observations
Post by: dinkadoo on October 03, 2023, 09:24:53 AM
No Downbytheseaside to sell on first day ?? Is his value dropping ??
Title: Re: Lexington Yearling Sale Live Observations
Post by: HarnessFan1981 on October 03, 2023, 09:28:40 AM
No Downbytheseaside to sell on first day ?? Is his value dropping ??

No Downbytheseaside's till Day 5
Title: Re: Lexington Yearling Sale Live Observations
Post by: JIDGE on October 03, 2023, 09:31:32 AM
No Downbytheseaside to sell on first day ?? Is his value dropping ??

And 2 Sweet Lous. What's the criteria for day one?
Title: Re: Lexington Yearling Sale Live Observations
Post by: dinkadoo on October 03, 2023, 09:43:36 AM
And 2 Sweet Lous. What's the criteria for day one?
Is it a breeder farm thing that they have clout to get horses onto the first day menu ?

19 Tall Dark Strangers ---- that didn't all that well.... 
Title: Re: Lexington Yearling Sale Live Observations
Post by: Open bridle on October 03, 2023, 11:37:01 AM
The overall condition of the industry has a lot more to do with the prices paid than inflation and interest rates.
I am just saying some bidders I know have pockets tied to real estate which is in the dumps right now from higher interest rates .  They might not reach as deep this year. And even the industry is feeling the effects of higher inflation. Full yoy sales numbers will tell us . They already mentioned 1st day sales yoy are down.
Title: Re: Lexington Yearling Sale Live Observations
Post by: Brown jug on October 03, 2023, 12:37:52 PM
day one down slightly
 i can guarantee you there is not one breeder/seller complaining
NOT ONE !!!
Title: Re: Lexington Yearling Sale Live Observations
Post by: Harness Stats on October 03, 2023, 12:50:48 PM
day one down slightly
 i can guarantee you there is not one breeder/seller complaining
NOT ONE !!!
At least one ..  I wonder how much money they spent on advertising Shartin's foal ?  Do you think they were happy with 140? 

There's probably a few others,  but for the most part I'm sure there are few complaints although it seems to me that foals of well known racehorses did worse than expected in general.
Title: Re: Lexington Yearling Sale Live Observations
Post by: horses first on October 03, 2023, 01:22:37 PM
The overall condition of the industry has a lot more to do with the prices paid than inflation and interest rates.

More so the impact felt will be on the higher US dollar and weaker euro against it. YOY for the most part European money sees more buying power with their money. Not the case this year.
Title: Re: Lexington Yearling Sale Live Observations
Post by: Open bridle on October 03, 2023, 02:10:07 PM
day one down slightly
 i can guarantee you there is not one breeder/seller complaining
NOT ONE !!!
Day one sees the deep pocket buyers come out where very little affects their buying power. Let's look at the whole picture after Friday where the middle and smaller level buyers come into play.
Title: Re: Lexington Yearling Sale Live Observations
Post by: Brown jug on October 03, 2023, 02:34:39 PM
ok thorn , valid point
 i guess the guy who paid a million to buy shartin is a little disappointed
but based on her lack of maternal pedigree that was a possibility
 now if the first one or two are stars then the next ones go for big $$
Title: Re: Lexington Yearling Sale Live Observations
Post by: MIKE CAMPBELL on October 03, 2023, 04:08:40 PM
ok thorn , valid point
 i guess the guy who paid a million to buy shartin is a little disappointed
but based on her lack of maternal pedigree that was a possibility
 now if the first one or two are stars then the next ones go for big $$
I know I am going to get hammered for this comment but I have a theory why the Shartin filly may not have brought what many expected. First, her pedigree is average at best and second, is it possible some may feel that her exploits on the racetrack may be questionable. wink wink
Title: Re: Lexington Yearling Sale Live Observations
Post by: SDST2009 on October 03, 2023, 05:43:54 PM
I know I am going to get hammered for this comment but I have a theory why the Shartin filly may not have brought what many expected. First, her pedigree is average at best and second, is it possible some may feel that her exploits on the racetrack may be questionable. wink wink

Probably more the pedigree, plus sometimes - I would even argue more often that not - these superfreak mares do not reproduce as expected.
Title: Re: Lexington Yearling Sale Live Observations
Post by: Brown jug on October 03, 2023, 05:58:31 PM
correct on  both points mike
Title: Re: Lexington Yearling Sale Live Observations
Post by: PineHurstPacer on October 03, 2023, 07:12:53 PM
Here is my observation

Andy Miller has some wealthy owners
Title: Re: Lexington Yearling Sale Live Observations
Post by: JIDGE on October 03, 2023, 08:27:23 PM
Probably more the pedigree, plus sometimes - I would even argue more often that not - these superfreak mares do not reproduce as expected.

This is dead on. Sometimes the full sister no accounts are better producers.
Title: Re: Lexington Yearling Sale Live Observations
Post by: Generation XYZ on October 03, 2023, 08:58:49 PM
Probably more the pedigree, plus sometimes - I would even argue more often that not - these superfreak mares do not reproduce as expected.

Well discount it or not, as with anything I say. But super freak mares are usually baked by the time they get to the breeding shed. Half have been hormonally transitioned to geldings, and the other half take multiple breedings to get in foal. After a breeding or two, only then do they start to become mares again, if ever.
Title: Re: Lexington Yearling Sale Live Observations
Post by: Harness Stats on October 03, 2023, 09:03:53 PM
Well discount it or not, as with anything I say. But super freak mares are usually baked by the time they get to the breeding shed. Half have been hormonally transitioned to geldings, and the other half take multiple breedings to get in foal. After a breeding or two, only then do they start to become mares again, if ever.
I pretty much agree with this, I mentioned earlier that I thought a lot of the better racemares foals prices were low.

A rare exception to this is World record holder Shebestingin.   Her 2nd foal was Perfect Sting
Title: Re: Lexington Yearling Sale Live Observations
Post by: shotgunner on October 03, 2023, 09:06:10 PM
I pretty much agree with this, I mentioned earlier that I thought a lot of the better racemares foals prices were low.

A rare exception to this is World record holder Shebestingin.   Her 2nd foal was Perfect Sting
Perfect Sting actually tested positive though, will that drive his yearing prices down
Title: Re: Lexington Yearling Sale Live Observations
Post by: Casualfan1 on October 03, 2023, 09:20:57 PM
Here is my observation

Andy Miller has some wealthy owners

Agree, but is it me or does Andy and Julie spend not do this every year?  IMO, and correct me if I’m wrong but the results are pretty light compared to what they spend
Title: Re: Lexington Yearling Sale Live Observations
Post by: Goaldigger on October 04, 2023, 12:55:59 AM
What are the observations on the Papi Rob Hanover offspring. Would like to breed some of my mares to Papi Rob Hanover. So any type of feedback would be appreciated. Such if anyone has been to sale looking at his offspring, are they standing correct, etc. Any opinions on whether his offspring is catching good money results in sales? Thank you 🐴☘️💕
Title: Re: Lexington Yearling Sale Live Observations
Post by: Brown jug on October 04, 2023, 02:26:56 PM
 "IMO, and correct me if I’m wrong but the results are pretty light compared to what they spend"

i think you will find this is true for most of the big spenders
 good thing they can afford it
Title: Re: Lexington Yearling Sale Live Observations
Post by: Stan durbread on October 05, 2023, 10:37:54 AM
What are the observations on the Papi Rob Hanover offspring. Would like to breed some of my mares to Papi Rob Hanover. So any type of feedback would be appreciated. Such if anyone has been to sale looking at his offspring, are they standing correct, etc. Any opinions on whether his offspring is catching good money results in sales? Thank you 🐴☘️💕

I liked what I saw on them for the most part. If I wa breeding to keep for myself I would take a shot with a mare I like the cross on. If breeding for sale you can do better. Also I would look around for discount breedings. Should be a few guys looking to sell theirs next year
Title: Re: Lexington Yearling Sale Live Observations
Post by: Mailbox Money on October 05, 2023, 11:28:42 AM
With some questionable placement this year, is it possible that corruption has taken over the Sale also? Sure looks fishy to me!
Title: Re: Lexington Yearling Sale Live Observations
Post by: Parked on October 05, 2023, 12:30:01 PM
Overall I liked what I saw.  I would take a shot. By the time they are yearlings he will be established as a top sire while TDS will fail like Greenshoe…
Title: Re: Lexington Yearling Sale Live Observations
Post by: Stan durbread on October 05, 2023, 12:40:07 PM
With some questionable placement this year, is it possible that corruption has taken over the Sale also? Sure looks fishy to me!

Please explain what you mean by corruption

The sale company assigns hip numbers based on alphabetical system using first letter of mare’s name. In cases where there is a farm name first they use 2nd name. The consigners can then move yearlings around within their allotted numbers as they see fit.
Title: Re: Lexington Yearling Sale Live Observations
Post by: augustaandy on October 05, 2023, 04:43:07 PM
nobody bragging about sales prices today

Captain Crunch, McWicked and Six Packs were not that loved
Title: Re: Lexington Yearling Sale Live Observations
Post by: JIDGE on October 05, 2023, 04:53:39 PM
Always B Miki taking a beating too.
Title: Re: Lexington Yearling Sale Live Observations
Post by: hoosierboy on October 05, 2023, 05:19:50 PM
Agree, but is it me or does Andy and Julie spend not do this every year?  IMO, and correct me if I’m wrong but the results are pretty light compared to what they spend

Yes I agree for why they spend the results don’t match up
Title: Re: Lexington Yearling Sale Live Observations
Post by: Parked on October 06, 2023, 07:31:39 AM
Great example of the shrinking numbers of small to lower middle sized owners getting out.  After the “cream” things crash.  You will see the same at Harrisburg. 
Never observed as many “big name” trainers buying yearlings from $40,000 down.

Never could understand why record yearling prices were great news except for the big breeders.  The
Title: Re: Lexington Yearling Sale Live Observations
Post by: wizardofoz on October 06, 2023, 02:08:21 PM
It is the TRAINING expenses going through the roof that are whittling down the smaller investors which is an added thought when buying a yearling.  These trainers have 8 months of basically FREE money to feed and jog a horse for top dollar monthly with basically no expectations of performance pressure on them.  Once the stakes season starts, that is when the expenses skyrocket and the attitudes of all change, and the reality of wasted money sets in, as do the excuses, in 90% of the cases!
Title: Re: Lexington Yearling Sale Live Observations
Post by: Stan durbread on October 06, 2023, 02:40:33 PM
It is the TRAINING expenses going through the roof that are whittling down the smaller investors which is an added thought when buying a yearling.  These trainers have 8 months of basically FREE money to feed and jog a horse for top dollar monthly with basically no expectations of performance pressure on them.  Once the stakes season starts, that is when the expenses skyrocket and the attitudes of all change, and the reality of wasted money sets in, as do the excuses, in 90% of the cases!

This statement tells me you have never trained a young horse. Do you expect them to just get fit by themselves. Training fees are up on average about 15% over last 20 years. Purses on the whole are 2-3x what they were.  Some of the top stake races are down or stagnant but the sire stakes and overnight purses are way above what they were. Which in my opinion spreads the money around more.
Title: Re: Lexington Yearling Sale Live Observations
Post by: wizardofoz on October 06, 2023, 11:55:34 PM
For those PAYING these bills the rates have changed dramatically. The standard rate per day 8 years ago was 50.00 per day.  Now the rates are anywhere from 65.00-70.00 per day. That is a 30% increase.  Stall space has seen a 50% increase over that time, as 250.00 per month was the norm. Add on the overpriced sales cost and that is why many smaller owners cannot see a path forward and can no longer be involved in buying a yearling.  3000 + per year are sold with probably half never reaching the races.  Maybe 5%-10% are quality. The sport is pricing itself out of a lot of owners.
Title: Re: Lexington Yearling Sale Live Observations
Post by: Open bridle on October 07, 2023, 05:46:12 AM
Great example of the shrinking numbers of small to lower middle sized owners getting out.  After the “cream” things crash.  You will see the same at Harrisburg. 
Never observed as many “big name” trainers buying yearlings from $40,000 down.

Never could understand why record yearling prices were great news except for the big breeders.  The
Overall sale average of $71,566 was down 3 per cent from 2022’s record total. The small owners numbers are shrinking. Trainings bills are up due to inflation which squeezes the smaller owner. Sure purses are up but so is the competition with the breeders flooding the market which is an advantage for the big stables with the deep pocket owners who can pick and choose. No guaranteed the small owner will get any more of the higher purse pie to offset their higher training cost.
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Title: Re: Lexington Yearling Sale Live Observations
Post by: wizardofoz on October 07, 2023, 12:07:03 PM
ALAGNA TOPPED THE BUYERS: Trainer Tony Alagna led all buyers in purchases for the second straight year. He spent $4,627,500 to take home 35 yearlings. The tandem of Bill Pollock and Andrew Harris were second with $3,550,000 spent, total, on 10 yearlings. The Andy Miller Stable was third with 15 horses purchased for a total of $2,353,000.......so 60 yearlings sold for $10.5 million.......... .how many of these will even make $50K?  Big owners with deep pockets throwing out money and thinking they all have the next big thing, when in reality, for what they spent, they were foolish.  Think of the training bills on these 60 horses that these 3 trainers will earn the next 8 months until a small percentage of them will finally race. 
Title: Re: Lexington Yearling Sale Live Observations
Post by: Parked on October 07, 2023, 05:37:43 PM
Thats why Tony always has a smile on his face
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