HEADLINE NEWS • 7/12/06 • PAGE 2 of 10
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$1M VIRGINIA DERBY DRAWS 13 HEADLINE ...p8 NEWS For information about TDN, DELIVERED EACH NIGHT BY FAX AND FREE BY E-MAIL TO SUBSCRIBERS OF call 732-747-8060. www.thoroughbreddailynews.com WEDNESDAY, JULY 12, 2006 RECORD FOAL AT JRHA SALE BARBARO STABLE AFTER SIXTH CAST CHANGE A filly from the first crop of Japanese champion King Kentucky Derby winner Barbaro (Dynaformer) was Kamehameha (Jpn) (Kingmambo) attracted a world- yesterday reported in stable condition in the Intensive record bid of $5,217,391 (-600,000,000) to top yester- Care Unit of the George D. Widener Hospital at the day=s first foal session of the University of Pennsylvania=s Japan Racing Horse Associa- New Bolton Center. The tion=s Select Sale at Northern three-year-old suffered com- Horse Park on Hokkaido. The plications in his surgically filly is out of Japanese cham- repaired right hind leg at the pion To the Victory (Jpn) end of last week and under- (Sunday Silence), who was went a third surgery Satur- second behind Captain Steve day night. He was under To The Victory with her in the 2001 G1 Dubai World only mild sedation and in a Barbaro Reed Palmer $5.2-million foal M McDonald Cup. Tokyo-based Nobutaka sling when he had his cast Tada signed the ticket for the changed for the sixth time Monday. ABarbaro is eating record foal on behalf of a group of unnamed Japanese well and resting in his stall,@ said Chief of Surgery Dr. buyers. AMy clients asked me to find a horse who can Dean Richardson, who also treated the colt for an ab- win the Arc, and we have all agreed this was the one scess in his left hind foot. AHe=s tolerating the new cast to get,@ Tada said. ABut now we have an earlier target, well. We have changed his left hind foot bandage and the Prix Diane. She is beautiful, that looks improved. His vital signs remain stable and she has everything and we fell in his attitude and appetite remain excellent.@ love with her. I am not surprised with the price, because we under- stand she is worth that amount of SOVIET OCCUPATION Since it was upgraded to its current status in 2004, money.@ Northern Farm consigned the bay. Riki Takahashi, represent- the G1 Falmouth S. has been monopolised by Soviet ing Darley Japan, was the under- Song (Ire) (Marju {Ire}) and the Elite Racing Club=s ever- bidder. During his stellar racing green mare readies herself career, King Kamehameha won the up for the three-peat at Tokyo Yushun (Japanese Derby) Newmarket today. Having and NHK Mile Cup. He was named demonstrated her well-be- Japan=s top three-year-old of Nobutaka Tada M McDonald ing with a decisive win in 2004. Takahashi had better luck the June 21 G2 Windsor earlier in the session when acquiring a colt by French Forest S. at Royal Ascot, Deputy for $2,608,695 (-300,000,000). The gray foal, she is finely tuned to pro- out of Blue Avenue, is a full brother to Japanese cham- vide trainer James Soviet Song Jacko Fanshawe pion Kurofune and to American multiple graded stakes Fanshawe with his fourth winner Bella Bellucci. AThis is the one we thought we renewal of the race. Jockey Jamie Spencer has the had to acquire,@ Takahashi said of his purchase on duty of steering Britain=s most popular distaffer. AGoing behalf of Darley. AAs we are looking for horses capable into Ascot, James said she was coming, but he would of winning the Dubai World Cup, this was a lot we be happier in another couple of weeks as she had that could not miss.@ After the first of two foal sessions of bit more to give,@ Spencer said yesterday. AI haven=t the auction, the average price was up 23.5 percent seen her since, but by all accounts she=s been going from a year ago, while the median fell 5.1 percent. The really well and James is really happy with her.@ final session begins today at 11 a.m. Sale cont. p7-8 Falmouth cont. p6 TDN P HEADLINE NEWS • 7/12/06 • PAGE 2 of 10 It=s a tried and true maxim of the Thoroughbred mar- FROM THE DESK OF... ket over the last 25 years that, if something works well one year, everybody rushes in to repeat the same pro- Bill Oppenheim gram and, invariably misjudging how thin this market really is, this causes the plan to blow up in their faces. ROUND ONE That used to regularly happen in the two-year-old sale The high point, at least so far this century, of market, and it seems to happen to the Fasig July sale Fasig-Tipton=s July yearling sale came in 2004, the every year they catalogue over 500 horses. Last year, second year in history we reckon the Amajor Northern buoyed by the 2004 successes which launched an Hemisphere Thoroughbred auction marketplace@ (as overall record-breaking year in the auction market, Fasig defined by us) topped the $1-billion mark. Having hit catalogued what I think was a record 679 yearlings. It that mark for the first time in 2000, the Kentucky sales was a major disappointment, relatively speaking: with found the next three years to be especially problematic 184 more yearlings catalogued and 149 more sent due to a combination of the crash in Internet investing through the ring, they managed to sell only 30 more (I remember going to a Houghton yearling sale in than in 2004. The gross actually dropped $1.5 million Newmarket one year and marveling how everybody I and the average dropped back down to just over the talked to was in some kind of Internet deal) and--even $100,000 mark. Considering the 11-sale Akey auction worse for Kentucky--MRLS, which cost Kentucky markets@ grew by over 15 percent, to $1.175 billion, breeders as much as 30 percent of two foal crops, with clearly something had gone wrong in the Fasig July estimated losses over $300 million in sales. formula. Company officials knew right away what the By 2004, things were improving on both fronts, and problem was--too many catalogued in a sale which has Fasig July opened the 2004 season with a blockbuster traditionally done great when the book is the right size-- sale. From a catalogue of 495 yearlings, of which 452 and, voila, this year=s catalogue is back down to 477. went through the ring, 338 sold, grossing $38,620,000 The key figure next week is therefore going to be the and averaging $114,260--massive increases on the number sold, and the target figure for the two days is previous year of 37 percent in gross and 23 percent in 310--65 percent of the catalogue. We expect the sale average. The 75-percent clearance rate of those sent to hit or even surpass that target (325 sold would equal through the ring was four points higher than the previ- the 2004 percentage, 68 percent of the catalogue), ous year, and fully 10 percentage points higher than with a gross of $35 million-$40 million, and an average any other year so far this century. over $110,000. Oppenheim cont. p3 HORSE OF THE YEAR Watch for MINESHAFT his first yearlings A.P. Indy SProspectors Delite, by Mr. Prospector at the sales this year! Box 626, Versailles, KY 40383 (859) 873-7300 FAX (859) 873-3746 E-MAIL: [email protected] www.lanesend.com TDN P HEADLINE NEWS • 7/12/06 • PAGE 3 of 10 Bill Oppenheim cont. Vindication, the unbeaten champion two-year-old Tuesday usually averages higher than Monday (it was colt of 2002 and Seattle Slew=s second-best chance 30 percent higher in 2004), so don=t be surprised if (after A.P. Indy) to have a major sire son representing that=s the case. In four of the last five years, Monday him, has three at Fasig, and another eight at Saratoga. has averaged between $95,000 and $99,000. If, at the Also coming out of Vindication=s 2002 GI Breeders= Cup close of business Monday, there are six figures in the Juvenile, with their first yearlings at Fasig, are Kafwain, average, it will be a very good to record-breaking sale. Hold That Tiger, Van Nistlerooy, Whywhywhy and Monday=s New Sire Showcase, featuring first- and Zavata. Of this crop=s likely commercial big five, the second-season stallions, may not average quite as two with a little bit bigger representation at Fasig are much as Tuesday, but it has been a roaring success Sky Mesa and Aldebaran, with six each. Sky Mesa then over the years at doing just what it intends to--show- has another seven at Saratoga and Aldebaran has an- casing new sires. Last year it seemed like Florida week, other three. Sky Mesa, a son of Pulpit out of a triple but this year it is much more Kentucky, with 16 of the Grade III- winning sister to successful sire Bernstein 20 stallions with three or more catalogued in their first (and also a half-sister to the dam of Wiseman=s Ferry, crops (counting Fasig July and Saratoga) resident in the who has seven catalogued at Fasig), missed Vindica- Bluegrass State. There are five major new prospects in tion=s Breeders= Cup Juvenile, but was probably still the Kentucky whose first yearlings we project will average second-best two-year-old in 2002, having won the GI over $100,000 this year.