Auction Update: Issue 4
RSS Feeds Friday, June 26, 2020

As I'm sure you know, the Ocala Breeders' Spring Sale of Two-Year-Olds in Training, which was held June 9th - 12th, concluded at the end of last week. This sale presented a benchmark of sorts for the state of the thoroughbred market. While the average was off 24%, there was still reasonably good trade. Please click below for the OBS result comparison between 2019 and 2020.
OBS Sale Comparison

Just under $59 million worth of thoroughbred two-year-olds changed hands. RNAs were 19% in each of the last two years; however, there were a significant number of scratches this year. Horses did trade remarkably well, especially when you consider the sale was held without the benefit of international buyers and in extremely hot conditions not conducive to a consistent training track. Our two-year-old selling friends have had to work so hard over the past three months to make the sale a relative success, and at least a decent amount of the stock was moved.

We are anxiously looking forward to the coming race meet at Keeneland starting July 5th. Today they announced there is a possibility owners would be allowed to attend to watch their horses run. Barring a COVID-19 outbreak in Kentucky, owner participation is a certainty in our opinion and is starting to be adopted around the country.

A few matters of real importance: any horses being pointed for the Fasig-Tipton October Sale should be entered ASAP! This sale will be limited in size, and it is nearly full. If you have horses needing to be entered, please let us know and we will be happy to facilitate this. Even if you’re not completely sure you want a horse to sell in October, but you want to keep it eligible, please put the entry in right away. Remember any horses entered into the Fasig-Tipton Showcase to be held September 9th and 10th will be eligible to roll over into the October Sale.

Also, for those NY-breds not accepted into the Fasig-Tipton Showcase New York section, Fasig-Tipton is holding a sale in Maryland on October 5th and 6th that will also have a section dedicated totally to NY-breds. That sale has not historically been noted for its strengths, but I believe a large block of NY-breds selling there this year will provide an added draw for buyers.

We have been in discussions with Keeneland management regarding September sale safety protocols, their marketing efforts and, most recently, sale book assignments for the yearlings. I suspect yearling placements will be concluded in approximately two weeks. You can be assured we will forward your yearling placements to you as soon as we receive them.

As always, we are here to talk about any issues, anytime. The contact information for Ben, Jay, Shanon, Pam and me is located below. Stay safe and healthy! Best regards, Reiley.

02/09/20
Jay Goodwin, formerly a partner in Select Sales Agency, has been named account manager at Eaton Sales. Goodwin was a partner at Select for 10 years
01/19/20
Omaha Beach cruised through a five-furlong work in 1:00.72 Sunday morning at Gulfstream Park, his final breeze for Saturday's Pegasus World Cup Invitational (G1).
01/14/20
The first to hit big was Hip 448, a bay filly by Into Mischief out of the Indian Charlie mare Silent Circle. Purchased for $260,000 by Blue Sky Stables as part of a pinhooking partnership, Brian Graves, who signed the winning ticket, said the yearling was exactly what the group was looking for.

Results matter. At Eaton Sales, we are passionate about the Thoroughbred business, but our relentless pursuit of outstanding results for our clients, in both the sales ring and the race track, is what drives us. For years, Eaton Sales’ clients have entrusted us to sell many of the most distinguished horses in the world.

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