An Update from us on COVID-19: Issue 3
RSS Feeds Friday, May 29, 2020
Dear Client,
 
There is not much to report on this week in the world of horses. We saw a very exciting weekend of racing, particularly in California . As we predicted last week, Keeneland has announced a five day race meet to commence July 8 and include 10 stakes and a number of two-year-old races. In addition to other racing around the country, this upscale "mini" meet should give our industry a bit more confidence going forward.
Remember, there are a couple of important deadlines approaching. On June 8, Keeneland requires property line changes to be submitted, and on June 12 any horses to be withdrawn from Keeneland September must be declared OUT in order to avoid entry fees. I’m not sure why these dates were not the same, but that is what Keeneland has put in place. 
Below please find our assessment of the upcoming auctions as follows:
 
Fasig-Tipton Selected Yearlings Showcase
Sale Dates: September 9 – 10
Entries close June 15th
  • We recommend selling big, forward yearlings with top physicals in this “kick off” sale. Fasig-Tipton will sell 100 New York bred yearlings to start the sale. These will be followed by 400 to 500 additional yearlings. Along with a top physical, a horse must have either a commercial sire to back up their conformation, or a strong female family. Since it is the first yearling sale of the year, and it will lead off the sale of approximately 4,500 horses, only top physicals should be sold in this sale.
 
Keeneland September Yearling Sale
Sale Dates: September 14 – 26
Entries closed May 1st
Property line changes due June 8th
Withdraw without entry fee through June 12th
  • Approximately 4,500 to 4,800 yearlings will be sold in this sale. Horses that would find themselves in Books 3 through 6, but are behind and immature should be held for the October yearling sale. Keeneland will use the same format as last year, unless we can convince them to go with a two day, 600 horse Book 1 followed by a two day Book 2 with Friday being a dark day. There is a meeting with Keeneland next week, and hopefully we can convince them to make the format change.
 
Fasig-Tipton Midlantic Fall Yearlings
Sale Dates: October 5 – 6
Entries close July 10th
  • Eaton Sales does not sell at the Midlantic Fall Yearlings sale, but I included it here because Fasig-Tipton announced this week it will have a New York bred section in this sale. This will be a good alternative for a bulk of the New York breds being sold this year. So, if your New York breds are not top conformation horses, we would recommend holding them for Maryland. 
 
Fasig-Tipton Kentucky October Yearlings
Sale Dates: October 26 – 29  
Entires close July 15th
  • The October Yearling sale will be an important venue in the sales calendar this year. This sale allows more time for horses to grow and mature, and it will allow 5 to 6 more weeks for the economy to “heal“. This sale has become remarkably good over the past five years. We have topped the sale in each of the last two years with horses that would’ve brought half those prices if sold in September.
 
Fasig-Tipton The November Sale
Sales Dates: November 8
Entries close September 4th  
Keeneland November Breeding Stock Sale
Sales Dates: November 9 – 21
Entries close August 3rd
Property line changes due August 14th
  • Hopefully by November we will have witnessed some return to normalcy, or at least the new norm. Let’s cross our fingers that the yearling sales are good, or at least better than expected, and November will respond in kind.
Next week, we will report on any news updates and provide our recommendations on how to prepare yearlings this year, considering sales will not start until September. As always, you can contact Ben, Jay, Shanon, Pam or me at any time to discuss the markets, your yearlings or anything at all. 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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