Derby Sale

ComplyOrDie

Just looking at the results of the sales and it seems the recession has hit the thoroughbred market badly. Horses that were making 30,000 – 40,000 3 years ago were making 10,000-12,000. My cousin is a farrier and he was telling me that some of his clients were taking big losses on their entry's. Horses that they paid 50,000-70,000 for as foals and yearling were making 18,000-25,000. Although these traders would have got big money for their horses a few years ago they would have reinvested it in young stock; stressful times I would imagine. Having said that I was surprised with some of the silly money paid for some of these horses.
The full result of this sale is below
http://www.tattersalls.ie/results.php?table=june2010&lotno=&nameofhorse=&propertyof=&sire=&dam=&sex=&color=&covsire=


I would like to see what this 3yo gelding out of solerina would have made, had he not been withdrawn. Have a look at his page rather impressive isn’t it (although I thought she was related to limestone lad, for some strange reason)
http://www.tattersalls.ie/sales/june2010/00000468.pdf



M.V. Magnier bought this 3yo gelding out of the wonderful wicked crack for 85,000. She also bread this years champion bumper winner cue card.
http://www.tattersalls.ie/sales/june2010/00000013.pdf


J.J. O'Neill bought this 3yo presenting gelding for 130,000
http://www.tattersalls.ie/sales/june2010/00000206.pdf


Balronan Bloodstock paid a wopping 250,000 for this 3yo presenting( he’d want to be good)
http://www.tattersalls.ie/sales/june2010/00000312.pdf


M.V. Magnier bought this half brother to won in the dark for 110,000
http://www.tattersalls.ie/sales/june2010/00000319.pdf


Alan potts paid 200,000 for this 3yo
http://www.tattersalls.ie/sales/june2010/00000388.pdf

and 320,000 for this
http://www.tattersalls.ie/sales/june2010/00000409.pdf


Isn’t it gas willie mullins buying this horse for 9,000
http://www.tattersalls.ie/sales/june2010/00000258.pdf

And it will probably win more that some of those that were making 200k +

Shelflife

While the buyers involved may not be short of a few bob, its a crazy amount of money to pay for an unproven gelded horse, unless it turns out to be a top horse it will never come close to regaining their money.

its a lot of money to pay for a horse that may never even make the racecourse.

Cantoris

Solerina's son was lame a few days before. He will be sold privately.

The sales were quite strong. I think the average was up from €23k to €27k, although the median was only marginally up from €15k to €15.5k. I'd say a lot of the big prices paid were a mirage. Is it any surprise that Presenting is the top lot at €320k and then a Westerner tops that at a convenient €325k. Presenting had a good sale and I think he had 8 of the top 20 lots. Also nice to see McManus, Magnier, Potts and Giggenstown very active and that's before the English boys got involved.

The high end is certainly there as is the middle tier where we were trying to buy, but the bottom end is gone completely. We managed to pick up lot 448, a 3 year old son of Oscar out of a four time winning mare. We paid €23k for him which was just under our budget and it was incredibly difficult to buy anything. If you liked a horse it went over our budget very quickly. I'd say we picked up this fella because some of the buyers had filled their books and his page isn't as strong as others and he's more of a Land Rover sale horse than a Derby sale horse. But very happy to have picked one up.
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finbarrk

Just wondering is the M.V. Magnier Johns son?

Cantoris

finbarrk wrote: »

Just wondering is the M.V. Magnier Johns son?

Yes. Apparently they've bought a few for JP to ride. Think he should retire myself!! Tom Magnier and Kieran McManus were stading in front of me at the Curragh on Sunday and I was thinking that they are the future of Irish flat and national hunt racing. While Tom scrubs up well, Kieran's tracksuit was a little out of place at the Derby sale last week. He scrubbed up a little better in a suit on Saturday.