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By Don Engel
Editor, The Showcase
The average, median, and gross were down,
and so were pinhookers' fortunes in the 2008 Barretts Sale of Selected
2-Year-Olds in
Training March 12 at Fairplex Park.
Of the 168 horses in the sale that had been
offered at earlier auctions--some purchased and
some bought back by their consignors--only 55
might be judged to have been profitable for whoever entered them in
the Barretts sale.
Even that number probably was optimistic,
because it was based on an arbitrary estimateof $10,000 in expenses plus
a 5-percent salescompany commission in the March sale.
It's certain that many of those 55 were |
Barretts March History
Year
1990........................
1991........................
1992.........................
1993........................
1994........................
1995........................
1996........................
1997........................
1998........................
1999........................
2000........................
2001........................
2002........................
2003........................
2004........................
2005........................
2006........................
2007........................
2008........................ |
Ave. Price
$ 83,698
$ 77,368
$ 73,570
$ 73,156
$114,979
$140,050
$106,350
$221,708
$173,366
$226,752
$180,072
$142,042
$173,772
$142,186
$173,772
$163,188
$154,419
$219,773
$178,027 |
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carrying sale-to-sale expenses of more than $10,000, but there's no way
to know which, since such costs vary greatly from consignor to consignor.
But even by that careful calculation, fewer
than a third of the pinhooking efforts were profitable.
The most profitable sale--the Biggest Score--appears
to be that of No.
122, a colt by Seattle Fitz (Arg) bought last October for $22,000 and
sold at Barretts for $600,000. No matter what the expenses were, that was
surely a profitable pinhook.
So was the sale-topper, No.
169, a Silver Deputy colt bought in September for $210,000 and sold
for $800,000, though the multiple wasn't as spectacular as that of the
Seattle Fitz colt or that of No.
131, a Touch Gold colt bought in September for $37,000 and sold for
$250,000.
Someone also did well with No.
91, a Friends Lake colt listed as a buyback at $65,000 in July and
sold for $270,000.
Another 51 appeared to have shown profits
ranging from substantial to minimal.
But 113 others either didn't make it to the
sale ring at all or left the ring with the same owners they had when they
entered it. There were 58 scratches, and there's no way to know why they
failed to be presented for sale. The causes could have ranged from breakdowns
resulting in a total loss or a private sale at a profit before the sale.
The remaining 55 were listed as "not sold."
They could have been sold privately after the sale, quite possibly at a
profit, or they could remain in the hands of their consignors, in which
case the effort resulted in a loss.
There were no monster profits of the kind
seen in earlier sales, with horses bought in the five-figure range bringing
seven-figure prices at Barretts, but a number of the juveniles returned
satisfying returns on their owners' investments.
Anyone considering entering the pinhooking
game would have no trouble seeing that it's a risky business.
Here's the scorecard, showing the hip number,
earlier purchase or buyback price, Barretts price, Barretts purchaser,
and Barretts consignor. Buyback prices are shown in italics. Sex and sire
of the horses aren't shown, but they can be found in the list in our Special
Report #9 or, of course, in the sale catalog.
| Hip # |
Bought For |
Sold For |
Barretts Buyer |
Consignor |
|
1
|
$ 41,000 |
$60,000 |
Art Sherman |
Havens |
|
3
|
$100,000 |
Withdrawn |
|
Woods |
|
4
|
$ 32,000 |
($26,000) |
Not sold |
Kirkwood |
|
5
|
$ 45,000w
($60,000) |
Withdrawn |
|
B.C.3. |
|
6
|
$ 77,000w
($70,000) |
$55,000 |
Willow Tree Farm, Inc. |
B.C.3. |
|
7
|
$26,000 |
Withdrawn |
|
Leppala |
|
8
|
$52,000 |
$75,000 |
Sierra Sunset, LLC |
Wavertree |
|
10
|
$10,000w |
Withdrawn |
|
Havens |
|
11
|
$240,000 |
($340,000) |
Not sold |
Scanlon |
|
12
|
$ 72,000 |
Withdrawn |
|
Wavertree |
|
14
|
($77,000)
($32,000) |
($10,000) |
Not sold |
Hebert |
|
15
|
$ 90,000 |
$90,000 |
Murayamna Bloodstock, Inc. |
B.C.3. |
|
16
|
$130,000 |
Withdrawn |
|
Elysian |
|
17
|
$ 20,000 |
$55,000 |
Dennis R. O'Neill |
O'Hara |
|
18
|
$ 20,000 |
$50,000 |
Pablo A. Suarez |
SAB |
|
19
|
$ 50,000 |
$85,000 |
Class Racing Stable |
Classic |
|
20
|
$160,000 |
$400,000 |
Southern Equine Stables LLC |
Bailey |
|
21
|
$325,000 |
$425,000 |
Larry Richardson, agent |
Bailey |
|
22
|
$ 16,000 |
($10,000) |
Not sold |
NexStar |
|
23
|
$ 13,000 |
($30,000) |
Not sold |
B.C.3. |
|
24
|
$165,000 |
$310,000 |
Stonestreet Stables LLC |
Woods |
|
25
|
($37,000) |
$50,000 |
Howard and Janet Siegel |
Brennan |
|
26
|
$ 95,000 |
($100,000) |
Not sold |
Elysian |
|
28
|
$ 32,000 |
$80,000 |
Ernest A. Auerbach |
SAB |
|
29
|
$145,000 |
$325,000 |
Stetson Land & Cattle |
Smith |
|
30
|
$ 45,000 |
Withdrawn |
|
NexStar |
|
31
|
$110,000 |
Withdrawn |
|
Knight |
|
32
|
$ 65,000 |
Withdrawn |
|
Hebert |
|
33
|
($55,000) |
$190,000 |
Michael Shustek |
Stephens |
|
34
|
$ 90,000 |
($50,000) |
Not sold |
Havens |
|
35
|
$110,000 |
Withdrawn |
|
Hebert |
|
36
|
$ 30,000 |
($95,000) |
Not sold |
Hebert |
|
39
|
$ 50,000 |
$170,000 |
Duck River Farm |
B.C.3. |
|
40
|
$450,000w |
Withdrawn |
|
Bailey |
|
41
|
$ 50,000 |
$95,000 |
Peter Miller, agent |
Wavecrest |
|
42
|
$ 10,000 |
$45,000 |
Dennis R. O'Neill |
B.C.3. |
|
43
|
$ 32,000 |
$50,000 |
Arnold B. Zetcher, LLC |
Wavecrest |
|
44
|
$150,000 |
Withdrawn |
|
B.C.3. |
|
45
|
$ 70,000 |
($45,000) |
Not sold |
Kirkwood |
|
46
|
$120,000 |
Withdrawn |
|
Brennan |
|
47
|
$190,000 |
($205,000) |
Not sold |
B.C.3. |
|
49
|
$ 85,000 |
$140,000 |
Murayama Bloodstock, Inc. |
Wavecrest |
|
50
|
$ 60,000 |
($95,000) |
Not sold |
B.C.3. |
|
51
|
$ 77,000 |
$150,000 |
Narvick International, Inc. |
Smith |
|
52
|
$130,000 |
Withdrawn |
|
Elysian |
|
54
|
$130,000 |
$300,000 |
G. Chris Coleman |
Scanlon |
|
55
|
($35,000) |
Withdrawn |
|
B.C.3. |
|
56
|
$200,000 |
Withdrawn |
|
Stephens |
|
57
|
$150,000 |
$150,000 |
J. T. Thomason |
B.C.3. |
|
58
|
$ 50,000 |
($14,000) |
Not sold |
NexStar |
|
59
|
$ 70,000 |
Withdrawn |
|
Stephens |
|
60
|
$ 95,000 |
Withdrawn |
|
Wavertree |
|
61
|
$110,000 |
($145,000) |
Not sold |
Kirkwood |
|
62
|
$ 32,000 |
$25,000 |
Kenly Farms, Inc. |
NexStar |
|
63
|
$ 45,000 |
Withdrawn |
|
Hebert |
|
64
|
$ 20,000 |
Withdrawn |
|
NexStar |
|
66
|
$ 75,000 |
$250,000 |
Vision Racing, LLC |
Stephens |
|
67
|
$ 21,000 |
Withdrawn |
|
O'Hara |
|
68
|
$ 42,000 |
$100,000 |
John W. Sadler, agent |
Sequel |
|
70
|
$130,000 |
($275,000) |
Not sold |
Wavertree |
|
71
|
($165,000) |
$200,000 |
Michael House |
Bailey |
|
72
|
$ 52,000 |
$450,000 |
Southern Equine Stables LLC |
B.C.3. |
|
73
|
$ 65,000 |
($35,000) |
Not sold |
Kirkwood |
|
74
|
($ 47,000) |
($70,000) |
Not sold |
Havens |
|
75
|
$ 29,000 |
$65,000 |
Arnold B. Zetcher, LLC |
O'Hara |
|
77
|
$ 90,000 |
Withdrawn |
|
Brennan |
|
78
|
$240,000 |
$390,000 |
Oscar Trevino Bloodstock, LLC |
Scanlon |
|
79
|
$ 38,000 |
($65,000) |
Not sold |
Knight |
|
80
|
($190,000) |
($450,000) |
Not sold |
Kirkwood |
|
81
|
$140,000 |
Withdrawn |
|
Smith |
|
82
|
$ 30,000 |
($72,000) |
Not sold |
Kirkwood |
|
83
|
$ 75,000 |
$110,000 |
Tom Grether Farms, Inc. |
Kirkwood |
|
84
|
$115,000 |
Withdrawn |
|
Wavertree |
|
85
|
$ 21,000 |
$60,000 |
Narvick International, Inc. |
Hebert |
|
87
|
$ 42,000 |
Withdrawn |
|
B.C.3. |
|
88
|
$ 36,000 |
($45,000) |
Not sold |
O'Hara |
|
89
|
$ 7,500 |
($95,000) |
Not sold |
Hebert |
|
90
|
$ 25,000 |
$50,000 |
Peter Miller, agent |
Kirkwood |
|
91
|
($65,000) |
$270,000 |
Mike J. Ryan, agent |
Kirkwood |
|
93
|
$ 70,000w |
Withdrawn |
|
Hebert |
|
94
|
$ 92,000 |
($290,000) |
Not sold |
B.C.3. |
|
96
|
$325,000 |
$400,000 |
John W. Sadler, agent |
B.C.3. |
|
97
|
$ 37,000 |
($85,000) |
Not sold |
NexStar |
|
98
|
$ 25,000 |
$30,000 |
Bienstock and Winner Stables |
Classic |
|
99
|
$ 47,000 |
$40,000 |
Terrell Jarrett, Jr. |
B.C.3. |
|
100
|
($80,000) |
($60,000) |
Not sold |
NexStar |
|
101
|
$ 75,000 |
$130,000 |
J. T. Thomason |
Knight |
|
102
|
$ 70,000 |
$60,000 |
David J. Lanzman Racing, Inc. |
Wavertree |
|
103
|
$ 54,000 |
($42,000) |
Not sold |
NexStar |
|
104
|
$100,000 |
($190,000) |
Not sold |
Brennan |
|
105
|
($75,000) |
Withdrawn |
|
Elysian |
|
106
|
$ 82,000
($70,000) |
($70,000) |
Not sold |
B.C.3. |
|
107
|
$225,000 |
($270,000) |
Not sold |
Woods |
|
108
|
$190,000 |
($280,000) |
Not sold |
B.C.3. |
|
109
|
$ 75,000 |
Withdrawn |
|
B.C.3. |
|
110
|
$ 50,000 |
$100,000 |
Winstar Farm, LLC |
NexStar |
|
111
|
$ 32,000 |
($125,000) |
Not sold |
SAB |
|
112
|
$ 40,000w
($57,0000) |
($47,000) |
Not sold |
B.C.3. |
|
113
|
$122,000 |
($120,000) |
Not sold |
B.C.3. |
|
114
|
$ 11,000 |
$20,000 |
Ronald L. Smith |
Classic |
|
115
|
$ 20,000 |
$85,000 |
North Shore Racing, LLC |
Classic |
|
116
|
$ 50,000 |
Withdrawn |
|
Sequel |
|
117
|
$125,000 |
Withdrawn |
|
Sequel |
|
118
|
$ 67,000 |
$50,000 |
Gary S. Broad |
Kirkwood |
|
119
|
($30,000) |
($65,000) |
Not sold |
Havens |
|
120
|
$ 16,000 |
$72,000 |
Buzz Chace, agent for West Point Thoroughbreds |
Classic |
|
121
|
$440,000 |
Withdrawn |
|
B.C.3. |
|
122
|
$ 22,000 |
$600,000 |
Mike J. Ryan, agent |
Scanlon |
|
123
|
$ 90,000 |
Withdrawn |
|
Havens |
|
124
|
$ 20,000w |
Withdrawn |
|
Brennan |
|
125
|
$ 37,000 |
$42,000 |
Serenity Oak Farm LLC |
Kirkwood |
|
126
|
$125,000 |
$245,000 |
N. Fujioka |
Wavertree |
|
127
|
$ 22,000 |
$70,000 |
Jeff Mullins |
NexStar |
|
128
|
$ 50,000 |
$80,000 |
Carrol Castille |
Havens |
|
129
|
$ 80,000 |
($20,000) |
Not sold |
B.C.3. |
|
130
|
$100,000w |
Withdrawn |
|
B.C.3. |
|
131
|
$ 37,000 |
$250,000 |
Moore Racing LLC |
B.C.3. |
|
132
|
$ 20,000 |
($32,000) |
Not sold |
SAB |
|
133
|
$200,000 |
($47,000) |
Not sold |
B.C.3. |
|
134
|
$ 14,000 |
($27,000) |
Not sold |
NexStar |
|
135
|
$ 26,000 |
Withdrawn |
|
O'Hara |
|
136
|
$ 25,000 |
$75,000 |
Johnathan Mills, agent |
Kirkwood |
|
137
|
$ 20,000 |
($27,000) |
Not sold |
NexStar |
|
138
|
($285,000) |
$400,000 |
Larry Richardson, agent |
Bailey |
|
139
|
$130,000 |
($180,000) |
Not sold |
Elysian |
|
140
|
$ 80,000 |
$120,000 |
Bill Feeley |
NexStar |
|
142
|
$150,000 |
Withdrawn |
|
Leppala |
|
143
|
$185,000 |
$190,000 |
Buzz Chace, agent for West Point
TB, Inc. |
Scanlon |
|
144
|
($48,000) |
Withdrawn |
|
Leppala |
|
145
|
$ 30,000
($24,000) |
Withdrawn |
|
Hendricks |
|
146
|
$ 25,000 |
($235,000) |
Not sold |
B.C.3. |
|
147
|
$ 5,000w |
Withdrawn |
|
Havens |
|
148
|
$150,000 |
$650,00 |
Stonestreet Stables LLC |
Brennan |
|
149
|
$ 20,000 |
($45,000) |
Not sold |
Sequel |
|
150
|
$ 67,000 |
$120,000 |
Michael Shustek |
Kirkwood |
|
152
|
$140,000 |
($40,000) |
Not sold |
Bailey |
|
154
|
$200,000 |
$320,000 |
Sierra Sunset, LLC |
Smith |
|
155
|
($75,000) |
($85,000) |
Not sold |
Scanlon |
|
156
|
($125,000) |
($30,000) |
Not sold |
NexStar |
|
157
|
$165,000 |
Withdrawn |
|
Smith |
|
158
|
$ 80,000 |
$250,000 |
Murayama Bloodstock, Inc. |
Wavertree |
|
159
|
$ 85,000 |
$60,000 |
George Papaprodromou |
Scanlon |
|
160
|
$ 50,000 |
($27,000) |
Not sold |
Hebert |
|
162
|
$ 80,000 |
($145,000) |
Not sold |
Kirkwood |
|
163
|
$ 21,500 |
Withdrawn |
|
Ford |
|
165
|
$ 62,000 |
$170,000 |
D & E Racing, LLC |
Kirkwood |
|
166
|
($20,000) |
$60,000 |
Narvick International, Inc. |
SAB |
|
167
|
$300,000 |
Withdrawn |
|
Bailey |
|
168
|
$ 65,000 |
($80,000) |
Not sold |
B.C.3. |
|
169
|
$210,000 |
$800,000 |
Stonestreet Stables LLC |
Bailey |
|
171
|
$145,000 |
$250,000 |
Carrol Castille |
Hebert |
|
172
|
($47,000) |
Withdrawn |
|
Smith |
|
173
|
$50,000 |
Withdrawn |
|
Elysian |
|
174
|
$ 90,000 |
$120,000 |
Narvick International, Inc. |
Wavecrest |
|
175
|
$ 12,000 |
Withdrawn |
|
SAB |
|
176
|
$100,000 |
Withdrawn |
|
Scanlon |
|
177
|
$ 13,000w |
$50,000 |
Mark Glatt, agent |
Sequel |
|
178
|
$180,000 |
($160,000) |
Not sold |
Woods |
|
179
|
$ 15,000 |
$52,000 |
Dennis R. O'Neill |
Kirkwood |
|
180
|
$510,000 |
Withdrawn |
|
B.C.3. |
|
181
|
$120,000 |
$380,000 |
Omar Trevino Bloodstock, LLC |
Brennan |
|
182
|
$ 32,000 |
($45,000) |
Not sold |
B.C.3. |
|
184
|
$ 9,500
($24,000) |
$90,000 |
North Shore Racing, LLC |
SAB |
|
185
|
$ 75,000 |
($70,000) |
Not sold |
B.C.3. |
|
187
|
$ 50,000 |
($50,000) |
Not sold |
Kirkwood |
|
188
|
$100,000 |
Withdrawn |
|
Scanlon |
|
189
|
($70,000) |
($95,000) |
Not sold |
B.C.3. |
|
191
|
$147,000 |
$410,000 |
Hoods Up Stables |
Wavertree |
Key to consignor abbreviations:
Bailey = Jerry Bailey Sales Agency, agent
B.C.3. Thoroughbreds, Agent = B.C.3
Brennan = Niall Brennan Stables, Agent
Classic = Classic Bloodstock, Agent
Elysian = Elysian Bloodstock, Agent
Ford = Jeff Ford, Agent
Havens = Havens Bloodstock Agency, Inc., Agent
Hebert = Hebert Bloodstock, Agent
Hendricks = Sam Hendricks, Agent
Kirkwood = Kirkwood Stables, Agent
Knight = Mary Knight, Agent
Leppala = Ricky Leppala, Agent
NexStar = NexStar, LLC, Agent
O'Hara = John O'Hara, Agent
SAB = SAB Training (Scott A Bergsrud), Agent
Scanlon = Scanlon Training Center, Agent
Sequel = Sequel Bloodstock (Becky Thomas), Agent
Smith = Murray Smith, Agent
Stephens = Stephens Thoroughbreds, Agent
Wavecrest = Wavecrest Thoroughbreds
Wavertree = Wavertree Stables, Inc. (Claran Dunne), Agent
Woods = Eddie Woods, Agent
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