08/24/2007 11:00PM

Average price up at Ocala sale


The Ocala Breeders' Sales Company's August open yearling sale ended Friday evening in Ocala, Fla., with a final session-topping $75,000 City Place colt and results that compared favorably with last season's bullish auction.

At the close of business Friday, OBS had sold 778 yearlings for $9,047,400, down from last year's sale-record $9,127,500 for 819 horses. But the four open sessions' average price gained 4 percent, climbing from $11,114 to $11,629, and the median increased 8 percent, from $6,500 to $7,000.

Buy-backs rose slightly, from 26.7 percent last year to 27.4 percent.

Friday's session-topper was Hip No. 1443, a son of City Place and the Kissin Kris mare Kwestionable Kiss. Rebah Farm, agent, consigned the colt, and Manor Farm was the buyer.

Manor Farm also bought the open sessions' sale-topper, a $185,000 Alphabet Soup colt out of the Gone West mare B Gone Blues. The Summerfield agency of Francis and Barbara Vanlangendonck consigned that colt, who sold as Hip No. 971.

The open sale followed a single-session select sale on Monday. The select session saw drops in gross and average but did achieve a new mark for median. The select day sold 167 yearlings for $9,679,500, down 7 percent from $10,427,500 for 176 horses in 2006. The average price of $57,961 slipped 2 percent from last year's record $59,274. But the 2007 median of $50,000 beat the previous record of $45,000, set in 2004 and equaled in 2006. Buy-backs dropped from 32 percent to 25 percent.

The select session's top price was $210,000 for a Cape Canaveral colt out of Caveat Apt (Chief's Crown). Ken McPeek, agent, bought the colt.