10/05/2008 11:00PM

Buy-back rate hits 53% at OBS


LEXINGTON, Ky. – The Ocala Breeders’ Sales Company’s fall mixed sale kicked off Monday with a consignor-preferred session that sold a six-figure horse but was marred by a high buy-back rate.

The session-topping horse was Hip No. 328, a $105,000 Exchange Rate filly purchased by Twin Peeks Racing. The bay filly is out of stakes winner Passionate Bird and was consigned by Horses of Course Inc.

Of the 348 horses cataloged, 117 were withdrawn. Of the 231 whose sellers did put them through the ring, 122, or 53 percent, did not bring their reserve prices. The session sold 108 horses for $1,979,600, an $18,330 average, and a median of $12,000. Last year, at two consignor-preferred sessions, 256 horses brought $6,848,700, an average of $26,753, and had a median of $20,000 and a buy-back rate of 49 percent.

Fillies proved especially popular and drew some of the day’s highest prices. The day’s second-highest price was the $80,000 CCS Bloodstock paid for a weanling filly from the first crop of Rockport Harbor. Sold as Hip No. 157, the bay filly is a daughter of the stakes-winning Citidancer mare Christmas Lights. She also is a half-sister to the winners Mi Carola, Three Points, and Divine Light.

Josham Farms, agent, spent $67,000 for an Exchange Rate-Royal Halo daughter consigned, like the session-topper, by Horses of Course. An entity calling itself Made to Support Sales also signed for a $67,000 filly by Medaglia d’Oro out of Lolabell that Journeyman Bloodstock sold.

And Woodlands Farms spent $65,000 for the day’s most expensive broodmare, Escape From Home. Journeyman Bloodstock, agent, consigned the 4-year-old Came Home mare, sold in foal to Rock Hard Ten.

The auction was to continue with two open sessions on Tuesday and Wednesday at the OBS pavilion in Ocala, Fla.

Chapel Royal moving to Florida

Chapel Royal will move south for the 2009 breeding season, leaving Coolmore’s Kentucky division at Ashford for William Schettine’s Signature Stallions in Ocala, Fla.

Chapel Royal, a 7-year-old Florida-bred by Montbrook, will stand for $10,000.

Chapel Royal is well known in Florida for selling for a record $1.2 million as a 2-year-old at the Ocala Breeders’ Sales Company’s March juvenile auction. He went on to win the Grade 2 Sanford Stakes and Grade 3 Flash Stakes in 2003, and he also placed in a trio of Grade 1 events that season, running second in the Champagne and Hopeful and finishing third in the Breeders’ Cup Juvenile.

He earned $495,571 from 3 wins in 8 starts before retiring to stud at Ashford.

From his first crop to race, Chapel Royal has gotten such runners as Grade 3-placed Advice, stakes-placed Miss Silver Pistol, and 15 other winners.

Elusive Wave tops French sale

Elusive Wave quickly justified her sale-topping price of 660,000 euros, about $891,000, at Saturday’s Arqana Arc sale in France. Just a day after Martin Schwartz’s agent, Michel Zerolo, paid that to acquire her, she returned to the races Sunday and promptly finished second in the Group 1 Prix Marcel Boussac. The Irish-bred juvenile is by Elusive City and out of the Rainbow Quest mare Multicolour Wave, who also is the dam of stakes-placed Million Waves, by Mull of Kintyre. Initially campaigned by Marc de Chambure, Elusive Wave already had won the Group 3 Prix du Calvados-Haras des Capucines and the ungraded Prix Roland de Chambure.

The sale’s average rose sharply, by 17 percent, to about $192,591. From a catalog of just 39 horses, smaller than last year’s 50-horse catalog, the auction house sold 22 horses in the ring and six more privately at the sale for a grand total of about $5,392,575, down 7 percent from last year’s aggregate. The median, which was down 6 percent at the auction’s close, improved sharply once the six private sales took place afterward and ended well up, according to the sale company’s report Monday. Median jumped from 80,000 euros to 140,000 euros, or about $189,000.