Lexington Yearling Sale Live Observations

[Parked]

The overall condition of the industry has a lot more to do with the prices paid than inflation and interest rates. 

[The Exporter]

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.

[augustaandy]

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!

[Generation XYZ]

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.

[dinkadoo]

No Downbytheseaside to sell on first day ?? Is his value dropping ??

[HarnessFan1981]

No Downbytheseaside to sell on first day ?? Is his value dropping ??

No Downbytheseaside's till Day 5

[JIDGE]

No Downbytheseaside to sell on first day ?? Is his value dropping ??

And 2 Sweet Lous. What's the criteria for day one?

[dinkadoo]

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.... 

[Open bridle]

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.

[Brown jug]

day one down slightly
 i can guarantee you there is not one breeder/seller complaining
NOT ONE !!!

[Harness Stats]

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.

[horses first]

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.

[Open bridle]

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.

[Brown jug]

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 $$

[MIKE CAMPBELL]

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