Tough Crowd at Emerald Downs Auction
Auctioneers faced a very tough crowd on Tuesday, 2 September 2008, at the Morris J. Alhadeff Sales Pavilion, Emerald Downs, during the annual summer yearling sale hosted by the Washington Thoroughbred Breeders Association. Sales and auctions across the country have been feeling the impact of the economy, and with median sales figures declining by approximately forty five percent, the Washington Thoroughbred Breeders Association summer yearling sale suffered the same fate. But besides for a general drop in purchases, there were a few sales that stood out and lightened the mood.
The overview of the auction saw a hundred and fourteen horses sold, of the hundred and ninety nine on offer. Average selling price for the day was $11 224, while the median price was $6 500. In total the gross sale figure was $1 279 500, with the highest price of the auction being fetched for a filly of $92 000 and highest colt price being $47 000. The sale suffered a forty percent drop in sales from last year and carried the lowest gross sale price that has been experienced since 1978.
Dave and Jill Heerensperger bought the top sale of the day, a filly out of Silver Echo and sired by Cherokee Run. Paying $92 000 for the yearling, gave them ownership of the full sister to Cherokee Echo, a two year old who has been showing great promise, and recently won the Barbara Shinpoch Stakes which was held at Emerald Downs. Cherokee Run is a leading sire, and so far, his progeny have earned $34.4 million collectively. Second highest price for the auction was also taken by a filly. Hip 52 F was purchased by Mark Dedomenico, consigned by El Dorado Farms LLC, for $50 000. The beautiful filly was sired by City Zip, and out of the mare Stormbow, daughter to the legendary Storm Cat. El Dorado Farms LLC also had a colt purchased, by Jeff Bonde, for $47 000, who is sired by Slewdledo and out of Go for Jackie, and is the half brother to Indian Weaver. A filly out of Cascade Corona and sired by You and I, was purchased for $45 000, while the Hold That Tiger sired, out of Sandra Smiles, yearling was purchased by Jeff Bonde for $40 000.
Horse racing is not for everyone, and while auctioneers were trying to coax higher prices from bidders, stories of success and disappointment were told and exchanged. Proving that horse racing is not only a sport for the rich, as many horses that were viewed by the big guns of racing as not impressive, has grown to become champions. It is a game of chance, and on Thursday, breeders took their chances at the auction.