04/19/2016 7:07PM

OBS: Into Mischief colt brings $335K in opening session

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The past four editions of the Ocala Breeders’ Sales Co. spring 2-year-olds in training sale posted record returns in average and median sale price. After the first of four sessions on Tuesday, the 2016 renewal was on pace to extend that streak, led by a $335,000 Into Mischief colt.

The auction company reported 154 juveniles sold on Tuesday evening for revenues of $11,180,500, up 8 percent from last year’s opening session, when 181 horses brought $10,351,200.

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The average Day 1 sale price rose 27 percent, from $57,189 to $72,601, while the median saw an 18 percent increase from $40,000 to $47,000. The buyback rate for the first session was 28 percent, up from 20 percent last year.

The top of the market was much more active than the previous edition’s opening session, with six horses selling for $300,000 or more. None reached that mark in 2015. Thirty-eight horses changed hands for six figures, bettering the 30 to do so during the opening session of last year’s sale.

Spendthrift Farm purchased the session-topping Into Mischief colt near the end of Tuesday’s trade.

Bred in Kentucky by Richard and Connie Snyder, the bay colt is out of the Grade 3-placed multiple-stakes-placed Sunday Break mare Summer Song, whose first foal is unplaced in four starts. The dam is a half-sister to Grade 1 winner Don't Tell Sophia, and is from the family of Grade 2-placed runners Lost Appeal and Lost Expectations.

The colt was a $100,000 purchase by Bridlewood Farm at last year's Keeneland September yearling sale, and the Florida-based operation consigned the juvenile on Tuesday. He breezed an eighth of a mile in 10 seconds over the Ocala Training Center’s all-weather Safetrack surface during the pre-sale under-tack show.

B. Wayne Hughes’s Spendthrift Farm stands Into Mischief at its Lexington, Ky., base for an advertised fee of $45,000.

Randy Miles was the session’s leading consignor by gross, with seven horses sold for a combined $990,000. He handled a Midnight Lute colt who sold to Ruis Racing for $310,000, which tied for the second-highest price for the session.

Narvick International was the day’s leading buyer, with two purchases totaling $510,000. The most expensive was a filly from the first crop of Shackleford whose $310,000 hammer price made her the other half of the second-most-expensive duo.

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