The market momentum continues as the March sale of OBS concludes

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The market momentum continues as the March sale of OBS concludes

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Million-dollar horses returned to sales of Ocala Breeders’ March 2-Year-Olds in Training Sale after two years of hiatus, with a seven-figure pair sold during the second session on March 16 joining a duo of Day 1 to form a powerful quartet – as the market momentum felt in the thoroughbred sales arena has continued to grow.

At $ 1.2 million it is More than ready topped the sale when Kaleem Shah hit the plate, while a American pharaoh filly and two foals of In malice reached the upper level.

Cumulative gross increased 30.7% as OBS reported 375 horsepower from 431 through the ring for final figures of $ 49,656,000 compared to 2021, when 325 horsepower changed hands of the 389 offered for revenue of $ 37,970,000 . The cumulative average of $ 132,416 is up 13.3% from the 2021 average of $ 116,831, while the median of $ 75,000 is up 25% from last year’s $ 60,000. The 56 horses that remained unsold in the two days represent an RNA rate of 13%. Last year, 73 horses failed to meet their reserve to represent a 16.4% RNA rate.

During the second session on Wednesday, OBS reported 169 horses sold from 204 offered for gross receipts of $ 22,111,000. The average was $ 130,834 and the median was $ 70,000. There were 35 horses that failed to meet their reserve to represent an RNA rate of 17.2%.

These figures will continue to be adjusted as a result of post-sale transactions.

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The figures for the second day of 2021 reflect 145 horses sold of the 186 through the ring. Final takings of $ 18,437,000 were recorded with an average price of $ 127,152 and a median of $ 70,000. Forty-one horses were not sold to represent a 22% RNA rate.

scenics, March 2021 OBS sales
Photo: photo by Z

A bidspotter in action at the OBS March Sale

A total of six horses hit $ 500,000 or more this year during the second selling session. Seven-figure horses were last seen on this sale in 2019, when Chestertown sold for $ 2 million to LEB, agent for West Point, Masiello and Siena Farm, e Pellar Tate brought in $ 1.2 million from OXO Equine.

“The first day was fantastic, followed by another successful second day today. Gross has increased from both days and has just broken the record for this sale,” said OBS Sales Director Tod Wojciechowski. “It was a lot of fun having four $ 1 million horses.”

The More Than Ready foal at the top of the sales stood out earlier in the day and had many eyes on him as he strode into the ring, having beaten a nice: 09 4/5 at the under tack show of the sale the March 11th.

Delivered by Wavertree Stables as a Hip Hip 318 and bred in Kentucky by WinStar Farm, the Broad Spectrum foal (from Indian Charlie) has a half sibling from Carpe Diem which is twice placed at 3. Wavertree’s Ciaran Dunne snatched the $ 120,000 pin from Keeneland’s annual September sale.

“There are always a few select horses that everyone seems to be on every year, and this year was no different. Most of the great players were there; I was just lucky to have these horses,” Shah said Wednesday night.

Baoma Corp of Charlie and Susan Chu secured the American pharaoh filly for $ 1 million through the agent Donato Lanni of the shipper Top Line Sales. He was bred in Kentucky by Torie D. Gladwell and EVS Corp. The filly will be directed to train Bob Baffert for the Chus.

A year ago, Lanni now bought the Grade 1 winner And from for the family by Eddie Woods for $ 550,000. The filly of Munnings recently won the Starlet Stakes (G1) and Santa Ysabel Stakes (G3) of 2021, all on the West Coast with Baffert.

A recurring theme among senders was the ability to sell horses for longer than expected, exceeding expectations for the first youth sale of the season.

“The market has been fantastic this week. There are buyers for $ 30,000 horses and buyers here for million dollar horses,” said Sequel Bloodstock’s Becky Thomas. “(The sale) has been great. It’s very well attended and I feel there will be an increase in activity for this sale this year. There are a lot of people here, a lot of traffic everywhere you look and buyers all over the axis.”

“I felt comfortable with the horses we had cataloged for sale. Having seen them train in the last two weeks before the breeze show, I was very impressed with the quality brought by the senders,” commented Wojciechowski. “Both the breeze show and the sale were well attended, being crowded on both days. It was a recipe for success to have good horses and hang out with buyers.”

Scenics, March 2021 OBS Sales
Photo: photo by Z

Japanese coach Hideyuki Mori was the main buyer of the sale, securing seven young men to bring back to Japan for various clients for a total gross of $ 3,550,000. Eddie Woods was the main shipper on Wednesday with 15 pieces sold for $ 3,351,000 and emerged as the sales leader with 24 youngsters sold for $ 6,393,000.

“It’s really nice here,” commented coach Larry Rivelli. “You would never know what’s going on in the world here. You think it might be down as the market is down, but it’s different here. I’ve been doing it for 20 years and I’m still surprised.”

Senders were excited about the activity on the ground despite the program being moved after a tornado arrived in Ocala on March 12. The sales hall remained full for both sales days, and seven different people accounted for the top 10 sales prices.

“Time threw us some curvy balls. Fortunately, we were able to catch those curves,” said Wojciechowski. “We made up for the difference in our schedule, we gave buyers more time yesterday. It worked pretty well for what we were given.”

“It’s the same old story,” Dunne commented. “The market is strong in the upper part. The central part also looks solid. We had a good day yesterday and obviously a great day today.”

Fifteen of the highest prices on both days were for young from freshman bulls Golden Bolt , Cloud computing , Good Magic , Mendelssohn , Mor Spirito And west coast .

“The market is hot right now and the momentum we saw last year in the yearling market has continued at least in this sale,” commented Wojciechowski. “Hopefully it will continue throughout the spring.”

“You don’t necessarily need a horse that works in: 09 4/5. But they need to have the right movement. They need maturity and they need to manage their training well; no shins or ankles or anything,” said Thomas. “They have to do everything right and be efficient. They have to be able to have a good, strong canter (in their breezes).”

The next OBS Sale will be the Spring Sale which will be held from April 19th to 22nd, with an under tack show starting from April 10th to 16th.

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