05/13/2008 11:00PM

Barretts down from record year


The Barretts May sale of 2-year-olds in training on Tuesday showed declines in gross sales, average price and median compared to a record sale in 2007.

Overall, 147 horses sold for a total of $7,816,400, an average price of $53,173 and a median of $24,000. The average fell 15 percent from last year's record average of $62,604, while the median fell 4 percent, or $1,000 from last year. The gross fell 31 percent from the 2007 sale, when 181 horses sold for $11,331,300.

"We knew we didn't have the depth of last year," said the president of Barretts, Gerald McMahon.

Of the 328 horses in Tuesday's catalog, 107 were withdrawn and 74 were listed as not sold. The buy-back rate of 33 percent was slightly higher than the 31 percent buy-back rate in 2007.

Tuesday's sale-topper was a Harlan's Holiday filly purchased for $700,000 by Jess Jackson's Stonestreet Stable. Last year's sale-topper went for $650,000. The Harlan's Holiday filly, a Kentucky-bred consigned by Murray Smith, agent, zipped a quarter-mile in 20.80 seconds in a preview on May 8, the fastest two-furlong workout of the sale.

Jackson led all buyers, acquiring four horses for $1.6 million. Jerry Bailey Sales Agency, acting as agent, led all consignors, selling seven horses for $1,009,000.

A Forestry colt sold for $400,000, the most expensive male in the 329-hip sale. He was purchased by IAS Management from the consignment of Excel Bloodstock.