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| Barretts March
2-Year-Old Sale Pinhooks, 2008 |
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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 |
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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
To The Thoroughbred Showcase of the West home page.
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