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Barretts March 2-Year-Old Sale Pinhooks, 2008

By Don Engel
Editor, The Showcase

    Since its beginning in 1990, the Barretts March sale of 2-year-olds in training has depended on speculators to fill its catalog with high-quality 
racing prospects.
     The 2008 catalog is no exception. Of the 
190 horses cataloged, no fewer than 168 will 
be making their second or even third trips to a 
sale ring in the March 14 auction.
     Some of those are still owned by their 
breeders who intended to sell them in earlier sales but didn't get prices they were willing to accept, 
but the great majority were purchased by 

 
Barretts March History
Year 
1990........................
1991........................
1992.........................
1993........................
1994........................
1995........................
1996........................
1997........................
1998........................
1999........................
2000........................
2001........................
2002........................
2003........................
2004........................
2005........................
2006........................
2007........................
Ave. Price 
 $  83,698
 $  77,368
 $  73,570
 $  73,156
 $114,979
 $140,050
 $106,350
 $221,708
 $173,366
 $226,752
 $180,072
 $142,042
 $173,772
 $142,186
 $173,772
 $163,188
 $154,419
 $219,773
pinhookers--the trade name for speculators who purchase at auction.
     Pinhooking has become a major industry, with some practitioners highly skilled in their art. For many, it's a full-time profession, and they come back year after year, often with horses for which they've paid substantial sums of money. There's no way to know how many of the consignors listed in the catalogs are gambling with their own money, but a majority of them are probably representing investors or groups of investors.
     Of course, those investors aren't really investors, as the term is generally understood. The enterprise, filled with risk, is more accurately identified as a gamble, since any investment that carries the risk of a complete loss of the money invested is difficult to classify as an investment. 
     Whether it's an investment or a gamble, the attraction of pinhooking is the possibility of a huge gain, risk vs. reward.
     No major 2-year-old sale goes by without at least one horse selling for a breathtaking profit. 
     At last year's Barretts March sale, an Officer colt was the high-seller at $1,400,000, a handsome reward for the purchaser of the same horse at a yearling sale six months earlier for $190,000. 
     In 2006, a Distorted Humor colt bought for $125,000 as a yearling in September topped the Barretts sale at $1,500,000.
     In 2005, a Songandaprayer colt was the sale's high-seller at $1,800,000. He had been purchased for $95,000 the preceding July.
     Those are the payoffs that bring players to the game. Not nearly as well-publized are those that sell at a loss, not to mention those that are injured in training and will never either sell or race. A total loss.
     Prices of pinhooked horses in this March's Barretts sale are listed below. These prices are published to help our readers monitor the Thoroughbred market--or just to enhance their interest as spectators--and are absolutely not intended for use in appraising horses for purchase. Many factors can change a horse's value between sales, most of all the difference in training status. Some horses show promise in presale workouts on the track; others do not, and their performances greatly influence the prices they bring, for better or for worse.
     The information below came from The Blood-Horse magazine's online database of sale results, a source which we gratefully acknowledge.
     Following are the horses who went through the ring in earlier sales, with Barretts March hip number, sex, sire, sale price, purchaser, and sale. An explanation of sale abbreviations follows the list of horses. All the prices shown are for yearlings except the few that were purchased as weanlings. Those prices as identified with a "w." Final bids for horses not sold are italicized. In those cases, of course, there is no buyer. Where there are two transactions, the first that occurred is listed first.
 
Hip # Sex/Sire Price Buyer Sale
1
c/Chapel Royal $  41,000 Robert Harder baryrl
3
f/Smarty Jones $100,000 Eight Pole Enterprises ksept
4
c/Bertrando $  32,000 Thor-Bred Sales baryrl
5
f/Johannesburg $  45,000w
($60,000)
Dapple Bloodstock
Not sold
knov-06
ksept
6
f/Tale of the Cat $  77,000w
($70,000)
Eagle Mountain Stables
Not sold
knov-06
ksept
7
c/Teton Forest $26,000 Burr Travis ksept
8
c/Alke $52,000 Greathouse Bloodstock ftkjuly
10
f/Lion Hearted $10,000w Cloverleaf Farms II and Brent Fernung,  agents obsoct-06
11
f/Forestry $240,000 George Bolton saratoga
12
c/Peace Rules $  72,000 Dapple and Greathouse obsaug
14
f/Songandaprayer ($77,000)
($32,000)
Not sold
Not sold
obsjan
ftkjuly
15
f/Officer $  90,000 Mayberry Farm ksept
16
f/Orientate $130,000 Terry Gabriel, agent ksept
17
c/Monarchos $  20,000 Bell Thoroughbred, agent washyrl
18
f/Dixie Union $  20,000 Dave Marshall ksept
19
c/Tapit $  50,000 Classic Bloodstock, agent ksept
20
c/Lightnin N Thunder  $160,000 Gulf Coast Farm obsaug
21
c/Cherokee Run $325,000 Gulf Coast Farm ksept
22
f/Holy Bull $  16,000 Oakmont Thoroughbreds baryrl
23
c/Broken Vow $  13,000 Michael Shustek ftkoct
24
c/Unbridled's Song $165,000 Sabine Stable  ksept
25
c/Action This Day ($37,000) Not sold ksept
26
f/Pure Prize $  95,000 Richard and Karen Papiese ftkjuly
28
c/Vindication $  32,000 Flying Dutchman ksept
29
c/City Place $145,000 Big C Farm, agent obsaug
30
c/In Excess (Ire) $  45,000 Oakmont Thoroughbreds baryrl
31
c/Grand Slam $110,000 Lowell Stevens, agent ftkfeb
32
f/Lion Heart $  65,000 Southern Equine Stables ksept
33
f/Dixie Union ($55,000) Not sold ksept
34
f/Toccet $  90,000 Havens Bloodstock Agency obsaug
35
c/In Excess (Ire) $110,000 Bluegrass Industries and B. J. Wright baryrl
36
c/Western Fame $  30,000 Hebert Bloodstock, agent baryrl
39
c/Songandaprayer $  50,000 John Brocklebank, agent ftkoct
40
f/Speightstown $450,000w Gulf Coast Farm knov-06
41
f/E Dubai $  50,000 Dapple Bloodstock ksept
42
f/Peace Rules $  10,000 Brett Kelly ksept
43
f/Candy Ride (Arg) $  32,000 Wavecrest Thoroughbreds ksept
44
c/Friends Lake $150,000 Bruno de Berdt baryrl
45
c/Dixie Union $  70,000 Padrone Thoroughbreds ksept
46
c/Candy Ride (Arg) $120,000 Niall Brennan, agent ksept
47
c/Cherokee Run $190,000 John Brocklebank, agent ksept
49
c/Trippi $  85,000 Edmonton ftkoct
50
c/Hennessy $  60,000 Lobo Farm ksept
51
f/Posse $  77,000 MSTS obsaug
52
c/Smoke Glacken $130,000 Terry Gabriel, agent ksept
54
f/Spanish Steps $130,000 Budget Stables obsaug
55
f/Successful Appeal ($35,000) Not sold ksept
56
c/Storm Cat $200,000 Vision Sales ksept
57
c/Salt Lake $150,000 John Brocklebank, agent ksept
58
f/Chapel Royal $  50,000 James M.Connors ksept
59
f/Not for Love $  70,000 Vision Sales ksept
60
f/Lion Heart $  95,000 Budget Stable ksept
61
c/Malibu Moon $110,000 Kirkwood Stables, agent ksept
62
f/Stormy Atlantic $  32,000 Blackstone Racing ksept
63
c/Orientate $  45,000 Southern Equine Stables kjan
64
c/Bertrando $  20,000 David J. Lanzman Racing barjan
66
c/Indian Charlie $  75,000 Vision Sales 2007 ftkjuly
67
c/Zavata $  21,000 Bell Thoroughbred, agent ksept
68
c/Newfoundland $  42,000 Longhorn Ranch ftkoct
70
c/Indian Charlie $130,000 Budget Stables ftkjuly
71
f/Empire Maker ($165,000) Not sold saratoga
72
f/Gulch $  52,000 Jason Hall, agent ksept
73
c/Lemon Drop Kid $  65,000 Kirkwood Stables, agent ksept
74
f/Bertrando ($  47,000) Not sold baryrl
75
c/Point Given $  29,000 Bell Thoroughbred, agent washyrl
77
f/Harlan's Holiday $  90,000 Mike Ryan, agent ftkjuly
78
c/Maria's Mon $240,000 Buzz Chace, agent ksept
79
f/Northern Afleet $  38,000 McMahon Bloodstock obsaug
80
c/Distorted Humor ($190,000) Not sold ksept
81
f/Domestic Dispute $140,000 Marshall W. Silverman, agent ftkjuly
82
f/In Excess (Ire) $  30,000 Thor-Bred Stables baryrl
83
c/Forest Camp $  75,000 Budget Stables ftkjuly
84
c/Cuvee $115,000 Dapple Bloodstock ksept
85
f/Memo (Chi) $  21,000 Bluegrass Industries and B. J.  Wright baryrl
87
c/In Excess (Ire) $  42,000 Brian Koriner baryrl
88
c/The Cliff's Edge $  36,000 Anglo-Irish Financial, agent texyrl
89
c/Storm and a Half $    7,500 Jeff Hebert, agent texyrl
90
c/Slew City Slew $  25,000 Michelle Elliott, agent ksept
91
c/Friends Lake ($65,000) Not sold ftkjuly
93
c/Tale of the Cat $  70,000w Southern Equine Stables knov-06
94
c/Formal Gold $  92,000 Brian Koriner baryrl
96
f/Chapel Royal $325,000 John Brocklebank, agent ksept
97
f/Three Wonders $  37,000 James M. Connors ksept
98
c/Domestic Dispute $  25,000 Classic Bloodstock, agent ftmary
99
c/Golden Missile $  47,000 Mayberry Farm ksept
100
f/Malibu Moon ($80,000) Not sold ksept
101
f/Golden Missile $  75,000 Super Horse washyrl
102
c/Songandaprayer $  70,000 El Scott Farm ftkjuly
103
c/Tiznow $  54,000 Oakmont Thoroughbreds baryrl
104
f/Pulpit $100,000 Budget Stable obsaug
105
c/During ($75,000) Not sold ftkjuly
106
c/Cactus Ridge $  82,000
($70,000)
Josham Farms, agent
Not sold
kjan
ksept
107
f/Elusive Quality $225,000 Mast Thoroughbreds saratoga
108
c/Grand Slam $190,000 Budget Stable ksept
109
c/Phone Trick $  75,000 Michael Shustek ftkoct
110
c/Include $  50,000 Oakmont Thoroughbreds baryrl
111
f/Yonaguska $  32,000 Vic Carlson ksept
112
f/Friends Lake $  40,000w
($57,0000)
Richard Reed
Not sold
knov-06
ksept
113
f/Salt Lake $122,000 Halvorson Bloodstock ksept
114
c/Bowman's Band $  11,000 Classic Bloodstock, agent ftmary
115
f/Holy Bull $  20,000 Classic Bloodstock, agent ksept
116
c/Maria's Mon $  50,000 Establo Madoca Corp. ftkjuly
117
f/Pulpit $125,000 SDQ Racing ksept
118
f/Malibu Moon $  67,000 Padrone Thoroughbreds ksept
119
c/Lion Heart ($30,000) Not sold ksept
120
f/Tribal Rule $  16,000 Classic Bloodstock baryrl
121
c/Lion Heart $440,000 Mayberry Farm ksept
122
c/Seattle Fitz (Arg) $  22,000 Buzz Chace, agent ftkoct
123
f/Silver Deputy $  90,000 Havens Bloodstock Agency obsaug
124
c/Harlan's Holiday $  20,000w MJK Bloodstock knov-06
125
f/Stormy Atlantic $  37,000 Thor-Bred Stables ksept
126
c/Chapel Royal $125,000 Second Wind Stable ftmary
127
c/Northern Afleet $  22,000 Blackstone Racing ksept
128
c/Congaree $  50,000 Alex Cho ftkoct
129
c/Harlan's Holiday $  80,000 John Brocklebank, agent ftkoct
130
c/More Than Ready $100,000w Steve Box knov-06
131
c/Touch Gold $  37,000 John Brocklebank, agent ksept
132
f/Officer $  20,000 Hal Fullerton ksept
133
c/Harlan's Holiday $200,000 John Brocklebank, agent ksept
134
c/Honour and Glory $  14,000 Doug Blair ksept
135
f/Aptitude $  26,000 Bell Thoroughbred, agent washyrl
136
c/Toccet $  25,000 Castleton Lyons keejan
137
f/Officer $  20,000 Oakmont Thoroughbreds baryrl
138
c/Speightstown ($285,000) No sold ksept
139
c/Indian Charlie $130,000 Richard and Karen Papiese texyrl
140
c/Medaglia d'Oro $  80,000 Black Stone ksept
142
c/Flatter $150,000 Buzz Chace, agent ftkjuly
143
f/Silver Deputy $185,000 Buzz  Chace, agent ksept
144
f/Vindication ($48,000) Not sold ksept
145
c/Saarland $  30,000
($24,000)
Stoney Lane Farm
(Not sold)
ftkfeb
ksept
146
c/Bernstein $  25,000 Budget Stable ksept
147
f/Mizzen Mast $    5,000w James D. Spry knov-06
148
c/Sir Cherokee $150,000 Mike Ryan, agent ksept
149
f/Forest Camp $  20,000 Final Furlong Farm ksept
150
c/More Than Ready $  67,000 Kirkwood Stables, agent ftkjuly
152
f/Dixie Union $140,000 Johnson Thoroughbred Farm ksept
154
c/Lion Heart $200,000 M.S.T.S. saratoga
155
c/Songandaprayer ($75,000) Not sold ksept
156
c/Forestry ($125,000) Not sold ksept
157
c/Posse $165,000 M.S.T.S. ftkjuly
158
c/Dixie Union $  80,000 Alan Pesch and Second Wind Racing ksept
159
c/Sunday Break (Jpn) $  85,000 David Scanlon, agent ksept
160
f/Unusual Heat $  50,000 Bluegrass Industries and B. J. Wright baryrl
162
f/Stormy Atlantic $  80,000 Steward Armstrong ksept
163
c/Pleasantly Perfect $  21,500 J &K Racing ftkoct
165
f/Victory Gallop $  62,000 Thor-Bred Stables baryrl
166
c/Tapit ($20,000) Not sold ksept
167
c/Awesome Again $300,000 Gulf Coast Farm ksept
168
f/Tribal Rule $  65,000 John Brocklebank, agent baryrl
169
f/Silver Deputy $210,000 Gulf Coast Farm ksept
171
c/Stormy Atlantic $145,000 Jeff Hebert, agent ftkjuly
172
c/El Corredor ($47,000) Not sold ftkjuly
173
f/Toccet $50,000 Richard and Karen Papiese ftkjuly
174
c/Soto $  90,000 Ciaran Dunne, agent ftkjuly
175
c/More Than Ready $  12,000 SAB Training ksept
176
c/More Than Ready $100,000 Budget Stable ksept
177
f/Trippi $  13,000w Bruce Carter obsoct-06
178
c/Orientate $180,000 Budget Stable ksept
179
c/Johar $  15,000 Kirkwood Stables, agent ksept
180
c/Distorted Humor $510,000 John Brocklebank, agent ksept
181
f/Pleasantly Perfect $120,000 Mke Ryan, agent ksept
182
c/Sir Cherokee $  32,000 Richard Matlow, agent ksept
184
f/Chapel Royal $   9,500
($24,000)
Straightaway Farm West
Not sold
keejan
texyrl
185
c/Cherokee Run $  75,000 John Brocklebank, agent ksept
187
c/Hennessy $  50,000 Kirkwood Stables, agent ftkjuly
188
f/Successful Appeal $100,000 David Scanlon, agent ksept
189
c/Monarchos ($70,000) Not sold ksept
191
c/Toccet $147,000 Dapple and Greathouse ftkjuly

KEY TO SALES

ksept = Keeneland September yearling 
kjan = Keeneland January mixed 
knov-06 = Keeneland November mixed 2006
ftkjuly = Fasig-Tipton Kentucky July yearling
ftkoct = Fasig-Tipton Kentucky October yearling
ftkfeb - Fasig-Tipton Kentucky February mixed
ftmary = Fasig-Tipton Eastern mixed
saratoga = Fasig-Tipton Saratoga yearling
obsjan = Ocala Breeders' Sales January mixed
obsaug = Ocala Breeders' Sales August yearling
obsoct = Ocala Breeders' Sales October mixed
obsoct-06 = Ocala Breeders' Sales October mixed 2006
baryrl = California's October Yearling Sale at Barretts
barjan = Barretts January mixed
washyrl = Washington Thoroughbred Breeders Association yearling
texyrl = Fasig-Tipton Texas yearling
 
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