04/20/2016 7:20PM

Gemologist colt sells for $550,000 at OBS

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While session-to-session totals tracked behind the second day of last year’s Ocala Breeders’ Sales Co. spring sale of 2-year-olds in training at the end of trade on Wednesday, the overall sale kept pace with the record-setting 2015 edition, led by a $550,000 Gemologist colt.

Wednesday’s session saw 158 horses sold for $12,229,000, down 11 percent from the second day of last year’s sale, when 160 juveniles brought $13,580,700.

The average sale price fell 10 percent from $84,879 to $76,703, while the median declined 13 percent from $50,000 to $43,500. The buyback rate finished at 31 percent, up significantly from last year’s second-session figure of 14 percent.

When comparing figures session to session, it is important to note that last year’s second day of trade saw an OBS-record $1.9 million Tapit filly go through the ring, which spikes some of the measurables.

Seven of the sale’s eight most expensive offerings thus far came out of Wednesday’s session, and eight horses brought $300,000 or more, bettering the six to do so last year. Forty-three juveniles sold for six figures, which topped the 36 in last year’s second session.

A partnership including Lane’s End Bloodstock purchased the sale-topper through the end of Wednesday, a colt from the first crop of Gemologist.

The gray or roan colt is out of the unraced Bon Point mare Bon Caro, whose six winners from seven foals to race include the stakes winners Glitter City and Here's Johnny as well as the Grade 3-placed Wild Forest Cat, who is the dam of Grade 3 winner Toews on Ice and his full-brother by Archarcharch who sold to D. J. Stable earlier in the day for $335,000. Grade 1 winner Jostle can be found in the extended family.

Bred in Florida by Rick Sutherland, the colt sold for $50,000 as a weanling at the 2014 Keeneland September yearling sale, then was offered at the following year's Keeneland September yearling sale but was bought back with a final bid of $60,000.

Sequel Bloodstock, as agent, consigned the colt, who breezed an eighth in 10 seconds over the Ocala Training Center's all-weather Safetrack surface during the presale under-tack show.

Gemologist, a 7-year-old son of Tiznow, stands at WinStar Farm in Versailles, Ky., for an advertised fee of $15,000.

Ocala Stud was Wednesday’s leading consignor by gross, with six horses sold for a combined $1,097,000. The central Florida operation accounted for two of the top four prices of the day with a pair of homebreds, led by a colt from the first crop of Overdriven who sold to Peter Miller, agent, for $525,000. Overdriven resides at Ocala Stud.

Lane’s End Bloodstock was the session’s leading buyer, with two purchases totaling $720,000, including the session leader.

After two sessions, a total of 320 horses had changed hands for $23,709,500, down 1 percent from last year’s halfway point, when 341 horses sold for a combined $23,931,900.

The average sale price paced 6 percent ahead of 2015, rising from $70,182 to $74,092, while the median remained unchanged at $45,000. The cumulative buyback rate was 28 percent, up from 23 percent at the same point last year.

The OBS spring sale continues through Friday, beginning each day at 10:30 a.m. Eastern.

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