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2008 SALE RESULTS
The Oklahoma City Summer Thoroughbred Yearling Sale marked its second sale by bucking the national trend of decreases. The sale had an increase in horses offered, an increase in the mean sale price and only a slight decrease in the average sale price.
“This break from the nationwide trend has to be attributed to the fantastic state of racing here. I don’t know anywhere else where the atmosphere is this positive and fun,” said Sales Manager Terri Carter.
The one-day sale cataloged 78 horses with the sales topper bringing $50,000. The Slew City Slew Colt out of Lasting Sensation brought a big round of applause from the record crowd at the OKC Fairgrounds Sales facility.
Cindy Bigheart of Garber, OK, purchased the colt from Red Earth Training Center, agent for John and Barbara Smicklas of Norman, OK.
“Barbara and I were delighted with the sale. We thought the horses were well represented and we were happy to have the high seller. We wish Cindy good luck with the colt,” John Smicklas said.
Bigheart plans to race the colt at Remington Park Racetrack in Oklahoma City and will be targeting the 2009 Oklahoma Classics.
“We just love him and we are really excited to get to race him,” Bigheart said. This is her second year to buy the sales topper. She purchased a Harlan’s Holiday filly for $50,000 in last year’s inaugural sale.
Joe Lucas’ Red Earth Training Center in Washington, OK, was the sales leading consignor selling six horses for an average of $17,483.
“This sale has proven to be the place for Oklahoma-bred purchases and as the breeding improves it will become increasingly popular,” said Lucas.
The Red Earth consignment also netted the second high seller in a Tactical Cat filly out of Musetta. State Senator Richard Lerblance of Hartshorne purchased the flashy gray filly for $30,000. Lerblance, like Bigheart, plans to race his filly at Remington Park next fall.
“We passed 712 to make racing better here and that is what it has done,” said Lerblance. “We are excited to get such a nice filly,” he continued.
While the sale average dropped 4 percent from the inaugural sale, Carter said the drop followed the national trend, but wasn’t as severe as other regional sales. However, the mean really bucked the national trend by increasing from $3,500 in 2007 to $4,200 this year. The average this year was $8,010 dropping from $8,360 at the inaugural sale. Of the 68 horses offered 41 sold with a buy back rate of 44.3 percent. Carter said this was also higher than the 38.5 percent at the inaugural sale.
“Our middle market was impacted some by the economy. We will look at improving this area next year, but the racing that’s getting better and better will provide the most help in that area. The reserves were high on many of the buybacks because consignors were more willing to race horses. I credit the maiden Oklahoma-bred purses of $31,000 with the number of buybacks.”
“The purses at Remington Park, where you can pay for a horse in one race, are what are driving our market.” Carter continued. It also helped that a graduate of the first OKC Summer Sale won an impressive first race Friday night before the sale. The Seeking Greatness gelding, Ucankeepthechange, is owned by Mark Rodgers and Terri Carter. In one race the colt’s earnings neared $18,000.
“His race couldn’t have come at a better time and it was a huge boost to the Seeking Greatness yearlings in the sale,” Carter continued. She said the colt is next targeted for the Oklahoma Classics on Sept. 27.
“Compared to other sales, I feel very fortunate, but I really hope to improve the middle market next year. Racing is so good here and the consignors were happy to get there horses in the hands of people who will race them. The breeder’s awards are incredible and that’s another reason we are stronger here than in other areas,” Carter said.
Summer yearling sale Click for full summary report (PDF file)
HIP #1 - Not Sold HIP #2 - 1,200 HIP #3 - Not Sold HIP #4 - 17,000 HIP #5 - Scratch HIP #6 - Scratch HIP #7 - Not Sold HIP #8 - Scratch HIP #9 - Scratch HIP #10 - Not Sold HIP #11 - 20,000 HIP #12 - 12,000 HIP #13 - Not Sold HIP #14 - 2,700 HIP #15 - 12,000 HIP #16 - Not Sold HIP #17 - 4,700 HIP #18 - Not Sold HIP #19 - 3,500 HIP #20 - Not Sold HIP #21 - Not Sold HIP #22 - Not Sold HIP #23 - 1,100 HIP #24 - Scratch HIP #25 - Not Sold HIP #26 -13,000 HIP #27 - Scratch HIP #28 - Not Sold HIP #29 - Scratch HIP #30 - Not Sold HIP #31 - 2,000 HIP #32 - Not Sold HIP #33 - Not Sold HIP #34 - Scratch HIP #35 - 4,400 HIP #36 - 19,000 HIP #37 - 2,500 HIP #38 - 4,200 HIP #39 - Not Sold HIP #40 - 5,000 HIP #41 - 3,000 HIP #42 - 3,300 HIP #43 - Not Sold HIP #44 - Not Sold HIP #45 - 2,700 HIP #46 - 6,500 HIP #47 - 4,000 HIP #48 - 8,200 HIP #49 - Not Sold HIP #50 - 2,000 HIP #51 - Scratch HIP #52 - 3,000 HIP #53 - 1,200 HIP #54 - 24,500 HIP #55 - Not Sold HIP #56 - Not Sold HIP #57 - 3,900 HIP #58 - 2,400 HIP #59 - 10,000 HIP #60 - Not Sold HIP #61 - Not Sold HIP #62 - Not Sold HIP #63 - 2,500 HIP #64 - 8,400 HIP #65 - Not Sold HIP #66 - 2,300 HIP #67 - 1,100 HIP #68 - 50,000 HIP #69 - 1,800 HIP #70 - 5,300 HIP #71 - 5,700 HIP #72 - Not Sold HIP #73 - 8,800 HIP #74 - 2,000 HIP #75 - 10,000 HIP #76 - Scratch HIP #77 - 30,000 HIP #78 - 4,000
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