at OBS opener
THE opening session of the OBS Winter Mixed Sale in Ocala, Florida on Tuesday provided few surprises given the current economic crisis, registering major declines across the board.
Despite selling 54 per cent more horses than in 2008, the aggregate dropped 43 per cent to $1,450,200. The average suffered an even bigger drop of 63 per cent to $8,632 while the median crashed 74 per cent to $4,100. What makes the figures even more startling is that the average for the opening session of 2007 was $33,900.
The only bright spot on a quiet day was the clearance rate, which rose from 55 per cent to 72 per cent.
"Going in off of our fall mixed sale, we knew it was going to be a difficult market because the worldwide economic situation hadn't changed much since then," said Tom Ventura, the general manager and director of salesfor OBS. "However, the yearlings held up pretty well. Their average this year was $18,171, which was down 26 per cent from last year when it was $24,609. Buyers told us that the yearlings by sires with commercial appeal and had good physicals going for them were still hard to buy."
A Florida-bred yearling colt by Exchange Rate, who was transferred from Florida to Three Chimneys Farm in Kentucky last season, topped proceeding when selling to Eisaman Equine for $87,000.
Janie Roper consigned the colt who is out of the unplaced Tabasco Cat mare Social Scene and a half-brother to the stakes-placed Winsome Charm.
The McKathan brothers paid $62,000 for the highest-priced mare, Elena's Dream.The unraced seven-year-old daughter of El Prado is a sister to Grade 3 winner Nite Dreamer and is in foal to Scat Daddy.