The last three yearling sales have each dipped in sales from the year before, as the gap between the top tier of the market and the rest continues to widen. The next test to see if the trend can be broken will be the Ocala Breeders’ Sales Company’s auction that begins on August 23rd and runs until the 25th.
The OBS sale will take place in Ocala, Florida, and starts with a one-day select session. It is followed up with two open selling days, with each session beginning at 10:30 AM EST.
There were originally 1,047 horses cataloged but 103 have already been withdrawn from the sale. Still, it is larger in size than last year’s sale (813 cataloged in 2015). Last year’s sale saw 563 yearlings sold for a combined gross of $12,402,900. The average sales price last year was $22,030 and the median was $13,000. The sales topper went for $320,000.
“I think we will see a lot of what we have seen already,” said OBS Sales Director Tod Wojciechowski, referring to the three previous auctions and their results. “I don’t think this will be a lot different.”
The three most recent Fasig-Tipton sales saw dips in both gross and and average, ranging from 5.5 percent to 21.2 percent declines. Wojciechowski remains optimistic for his sale.
“We have a lot of good horses cataloged throughout the sale from Tuesday through Thursday,” said Wojciechowski. “We are staying optimistic and are looking forward to a good sale. There is something for everyone.”