08/26/2016 6:47AM

Weak final session cements declines at OBS August

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The selectivity of the marketplace on both sides of the auction ring led to significant declines at the Ocala Breeders’ Sales Co. August yearling sale, with particular weakness in the open sessions.

The three-day auction ran from Tuesday-Thursday.

The auction, split into a select session and two open sessions, saw 521 yearlings sold for revenues of $8,885,300. That gross marked a 27 percent decline from last year’s sale, when 554 horses brought $12,230,900.

The average sale price declined 23 percent, from $22,077 to $17,054, while the median fell 46 percent, from $13,000 to $7,000.

At the top of the market, two yearlings sold for $200,000 or more, down one from last year's sale. The number of six-figure horses rose from 12 to 15, while horses to sell for $50,000 or more fell from 58 to 47.

The buyback rate finished at 36 percent, up from 20 percent during last year's sale.

Kevin Plank’s Sagamore Farm bought the sale-topper, a $210,000 Flatter colt out of the winning Dixie Union mare Madoffwiththecash, during Tuesday’s select session.

The bay colt is the dam’s second foal, and comes from the family of U.S. champion Ajina; Irish champion Irish Trump; Grade 1/Group 1 winners Quality Road and Bahri; Grade 2/Group 2 winners Nothing But Fun, Winglet and Bahhare; and Grade 3/Group 3 winners Dance Bid, Northern Plain, Rob's Spirit, Bitumen, Khusoosy, Raseed, Muqbil, Muthabara, and Rawaaq.

Bred in Kentucky by Wayne and Cathy Swezey's Timber Town Stables, the colt sold as a short yearling for $80,000 at this year's Keeneland January horses of all ages sale.

The colt was consigned at the OBS August sale by Stuart Morris, agent.

Francis and Barbara Vanlangendonck’s Summerfield Sales was the auction’s leading consignor by gross, with 71 horses sold for a combined $1,451,900. Leading the way was the sale’s third-highest-priced offering, a $160,000 colt from the first crop of Shanghai Bobby who sold to Stonestreet Stables and M.V. Magnier of the Coolmore partnership.

De Meric Stables, as agent, was the sale’s top buyer, with 10 purchases totaling $552,000, led by a $100,000 City Zip colt.

Thursday’s third and final session closed with 156 horses sold for $1,269,700, down 45 percent from last year’s third-day gross of $2,315,200 from 194 sold.

The average sale price fell 32 percent, from $11,934 to $8,139, while the median declined 50 percent, from $9,000 to $4,500. The buyback rate closed at 42 percent,

The closing session proved the weaker of the auction’s two open sessions, with gross and average both finishing behind Wednesday’s trade, and the buyback rate coming in higher than the second session’s 37 percent. The median went unchanged from session to session.

A pair of horses topped the session, each selling for $55,000.

Jason Hall, agent, bought an Archarcharch filly out of the winning Belong to Me mare Sweet Screamer, whose five foals to race are all winners, including stakes-placed Northern Screamer. Bred in Kentucky by R.L. Glosson, the filly is from the family of Grade 2 winner Screamer, Panamanian Group 2 winner Coqueto Del Ocho, and Grade 3 winner El Roblar.

The filly sold in January as a short yearling at the OBS winter mixed sale for $12,500, and was consigned at the OBS August sale by Marcial Galan, agent.

Eddie Woods's Quarter Pole Enterprises bought the other co-topper, a colt by Dialed In.

The dark bay or brown colt is out of the winning Notebook mare Book the Devil, whose five winners from six foals to race includes stakes-placed Shegoestoeleven. The colt was bred in Florida by Bridle Oaks Farm, and comes from the family of Puerto Rican Group 2 winner Valery Stripe.

Beth Bayer consigned the colt, as agent.

Summerfield Sales finished as the day’s leading consignor, with 21 horses sold for $146,800. Quarter Pole Enterprises was the top buyer, with two purchases totaling $76,000.