RSS

State of Racing

How horse racing partnerships view racing

State of Racing

 

Thoroughbred horse racing has seen strong gains in 2013 from sales average as well as attendance and handle. Thoroughbred sales and handle drive the industry from within and is what fuels the game. For those of us involved in thoroughbred horse racing syndicates, yearling sales dictate the two year old market and how difficult it will be to buy the horses we want.

Just a few years ago horse racing was in a bad way financially. There were too many small tracks, an overpopulation of horses, and handle was way down along with on track attendance. One of the first things that happened to rectify this situation was that breeders began breeding fewer horses. There was a move from quantity to quality which is very reflective of our yearling and 2 year old prices the last several years.  This is specifically evident in the driving sale each year, the Keeneland Spetember Yearling Sale (http://www.keeneland.com/sales). This is the biggest sale of yearlings each year and really helps determine what the 2 year old market will be like the following year. Again this year the auction had a gross increase, 27.6% from last year as well as an increase in total average of 17%. Based on similar results last year, an increase in the same sale from the previous year which resulted in a significant increase in 2 year old sales across the board would likely point to an increase in two year old sales again in 2014.
Sales are definitely a driving factor for owners, breeders and consignors, but wagering handle at tracks makes the purses we all run for possible. The good news is that so far in 2013 it looks there have been sizable increases in handle throughout the country and specifically in our largest annual event, the Breeders’ Cup (http://www.breederscup.com/).  This year, handle was up 11% at the Breeders’ Cup from 2012 and the 2 day attendance was also up over 5%. Now, most people would imagine that the more people we can get out to the track the better the handle will be. That is typically true, but not the only reason that handle has continued to increase year over year for the past few years in events like the Breeders’ Cup. Horse racing has made a big move to online wagering and better televised national coverage of the sports’ biggest events so that our technology driven society can bet and watch from the comfort of their homes or wherever they may be watching.

All in all, if racing can continue to increase handle year over year, maintain strong sales numbers, and breeders begin to breed more horses incrementally, horse racing will continue to flourish. Though it looks like we are headed in the right direction, horse racing will continue to hit road blocks and opposition along the way because there is not one single governing body over the game. Unfortunately, this leads to individual states making their own rules and no guidance or direction from a central entity to keep the game on a straight and successful path. It’s likely that a commissioner will never be a part of racing because of the games lack of willingness for change. So barring that, all of us in the industry will need to continue think forwardly and fight for the necessary changes.

Blinkers On

Blinkers On Racing Stable, a leader in thoroughbred horse racing partnerships, brings together the finest in thoroughbred horse racing expertise with the best in business know-how, and above all, a team of people you can trust, to manage your investment. We are committed to helping you experience the joys of thoroughbred horse ownership. For more information on thoroughbred partnerships visit our website or request an information package about our partnership. Keep up with horse racing in California by reading our Blog, finding us onFacebook, following us on Twitter, checking us out on LinkedIn, or visiting our YouTube Channel!

 
Leave a comment

Posted by on January 6, 2014 in Uncategorized

 

Tags: , , , , , , , , ,

A New Era for California Racing

California Horse Racing Partnerships are Optimistic

2014 will bring many changes to California horse racing across the state. The inevitable closing of Hollywood Park is finally here, with the final racing date on December 22, 2013. This will end 75 years of history at the historic track, but also begin a new era of racing in California. Though Hollywood Park holds many memories and countless winning days for Blinkers On Racing Stable and other thoroughbred syndicates, we find ourselves optimistic for what California racing has to come. More racing at Santa Anita and Del Mar is inevitable, and who can complain about that? Sure there are logistic issues to be addressed, but overall this change should increase the quality of racing throughout California.

The plan going forward for racing in Southern California is as follows. Santa Anita will kick off the year with their Winter Meet starting on December 26th as always, but instead of ending at the end of April and moving to Hollywood Park until Del Mar in July, the Santa Anita meet will extend all the way through July 6th. This means a very long meet at one track where the meet was already traditionally long, but who can complain when you are running at the great race place every day? After Santa Anita, Del Mar will begin on July 16th and finish on September 3rd. Fairplex will then resume their annual meet in the month of the September from the 4th to the 23rd. Santa Anita will then pick back up where they always do at the end of September from the 25th to November 2nd. The biggest change will be seen in the month of November when Del Mar will have an unprecedented Fall/Winter meet from the November 5th through December 7th. There will most likely be a week or two without racing in December before the Santa Anita Winter meet picks back up again on the 26th of December.

Along with these new race dates, more changes and potential additions are coming to California racing that horse racing partnerships and the thoroughbred racing community are very excited about.  Because Santa Anita is going to have such a long meet that runs into the Summer months where traditionally it gets very hot, there are rumors that they may implement twilight racing on Friday. The rumor is that the city has approved night racing, now Santa Anita has to decide if they want to put up the money for the lights. Thoroughbred syndicates like the idea of twilight racing because it gives owners a chance to get out to the track after work, and for the horses it would be significantly cooler outside. The one road block aside from the cost of the lights would be that trainers are not too fond of having late night racing because training begins so early in the morning. Furthermore, horses don’t typically run at night under the lights so this would present a new environment that is uncomfortable and new for the horses. Hopefully, we can find a compromise for part of the Santa Anita meet that would be a win win for everyone involved. Furthermore, the stabling issue is still at large in Southern California when Hollywood Park is gone at the end of the year. San Luis Rey Downs is currently undergoing a renovation that would hopefully make it a viable option for trainers and up to about 500 horses. That still leaves about 500 horses who would need to either fall into Los Alamitos or Fairplex. The CHRB is still working with California trainers and the race track to find a permanent solution going forward.

In addition, Santa Anita is set to host an unprecedented third Breeders’ Cup in a row in 2014. Most racing enthusiasts involved agree that running the Breeders’ Cup in California is the best scenario for racing because most other tracks across the country inevitably have very inclement weather in the month of November. With that said, there have been rumblings around racing that the Breeders’ Cup may even be looking to California as a permanent home going forward. Horse racing partnerships in California are especially excited that the rumors extend to potentially holding the Breeders’ Cup at Del Mar in 2015. Apparently this Fall Del Mar is set to extend their turf course so that it will hold 12 starters instead of the current 10, which is a necessity if they ever want to host the Breeders’ Cup.  Who knows they may even look to put dirt back at Del Mar, because most East coast trainers and owners feel that it would keep racing on a more level playing field if the Breeders’ Cup were to be held at Del Mar.

With all these potential changes and additions to California racing, including the makeover currently being done at San Luis Rey Downs, horse racing partnerships in California should be excited for what is to come. Hopefully all these plans and rumors come together to help create more quality racing across the state of California. At Blinkers On Racing Stable we are excited and optimistic for the coming changes that will inevitably sustain a higher quality of racing in the state of California.

Blinkers On

Blinkers On Racing Stable, a leader in thoroughbred horse racing partnerships, brings together the finest in thoroughbred horse racing expertise with the best in business know-how, and above all, a team of people you can trust, to manage your investment. We are committed to helping you experience the joys of thoroughbred horse ownership. For more information on thoroughbred partnerships visit our website or request an information package about our partnership. Keep up with horse racing in California by reading our Blog, finding us on Facebook, following us on Twitter, checking us out on LinkedIn, or visiting our YouTube Channel!

 
Leave a comment

Posted by on November 22, 2013 in Uncategorized

 

Tags: , , , , , , , , , ,

Horse Racing Syndicate Looks to Home State for Recent Success and Value

Watching prices soar at the Keeneland Yearling sale is a good sign that the economy is recovering and that the thoroughbred horse racing industry is strengthening. With the move from quantity to quality in the past few years the number of horses has shrunk but demand has remained steady. These are all good things for the industry as a whole, and especially if you are a seller. Unfortunately, if you are a buyer, for example managing a thoroughbred horse racing syndicate, prices have increased significantly and value is now even harder to come by.

Looking back at 2013 it is pretty evident that success on the track for Blinkers On Racing Stable has had a significant impact from its two California Bred thoroughbreds. In 2012 Blinkers On saw that it was a sellers’ market and knew that one time breeders who would race their best Cal Breds, realized that the prices they could get at auction were too good to pass up. With that in mind, Blinkers On attended its first yearling sale, the Barrett’s October Yearling Sale.

Not only were breeders’ more likely to sell with average prices rising but the State of California had just introduced increased purse incentives in the state of California for CA Bred horses. Blinkers On saw this as an opportunity and came away from the Barrett’s Yearling sale with a Tribal Rule colt, Red Outlaw, for a purchase price of $40,000, at a sale where the average was $23,000. A sizable purchase when looking at average but overall a very modest price compared to what is typically spent at 2 year old in training sales. Granted, 2 year old in training sales allow the buyer to see the horse run, so overall there is generally less risk of getting a horse to the races.

In addition, Blinkers On purchased a Cal Bred filly, by Decarchy, Stole a Kiss and syndicated her for $30,000. Once again, another slightly above average purchase, but quite modest compared to 2 year old prices. As both Red Outlaw and Stole a Kiss progressed with seemingly no issues along the way our horse racing syndicate was rewarded handsomely when Red Outlaw made his first start at Hollywood Park on June 9th, and won by a convincing 2 ¼ lengths first time out in a CA Bred Maiden Special Weight race. The purse was $52,000 and the thoroughbred partnership also received a maiden bonus for winning as a CA Bred of $17,500. The grand total Red Outlaw won that day was a $48,200, well over his purchase price in his first career race.

In addition, Stole a Kiss has run 3 times to date and ran 4th, 3rd and 1st respectively with total earnings of, including the CA Bred Maiden bonus, $74,620. In just about 4 month of racing this CA bred filly has more than doubled her syndication price and has given her partners the thrill of a lifetime, just like Red Outlaw has done. Stole a Kiss is now pointed to the CA Bred Juvenile Fillies Stakes on Breeders’ Cup Friday at Santa Anita, running for a $200,000 purse. What a thrill it would be if should get the job done there! Red Outlaw is on his way back from a short lay off and looks to keep his undefeated record intact when he returns. We expect big things for him in his future.

Reflecting on last year’s decision to buy a couple CA Bred yearlings it is clear to see it has definitely paid off. Not only financially, but it has also allowed new partners to join our thoroughbred horse racing syndicate that otherwise may not have been able to just based on price point. Blinkers On is now gearing up for another successful year after purchasing three new yearlings.  We purchased a full sister to our MSW winner Stole a Kiss who will be running in the upcoming Cal Bred 2 year old filly stakes on Breeders’ Cup day. This filly by Decarchy is very well put together and looks like she will be fast. We also purchased a very athletic colt by first crop sire The Pamplemousse. This colt was one of the best looking horses on the ground and we are happy to have purchased him at such a good value. Our final purchase of the sale was a very nice filly by Awesome Gambler, she has a great frame that she is just now starting to grow into. We can’t wait to see her all filled out in the next few months. And what a steal she was at the sale! Owning a California bred is a great way to get involved in thoroughbred horse racing. All our new offerings will be available on our website in the next week.

Blinkers On

Blinkers On Racing Stable, a leader in thoroughbred horse racing partnerships, brings together the finest in thoroughbred horse racing expertise with the best in business know-how, and above all, a team of people you can trust, to manage your investment. We are committed to helping you experience the joys of thoroughbred horse ownership. For more information on thoroughbred partnerships visit our website or request an information package about our partnership. Keep up with horse racing in California by reading our Blog, finding us on Facebook, following us on Twitter, checking us out on LinkedIn, or visiting our YouTube Channel!

 
Leave a comment

Posted by on October 14, 2013 in Uncategorized

 

Tags: , , , , , , , , , ,

Residual Value Is The Name Of The Game

Thoroughbred Horse Racing Partnerships Target Fillies For Residual Value

In today’s thoroughbred horse racing market it is becoming increasingly difficult to purchase quality individuals year in and year out at reasonable prices. With foal crops down close to 30% the last few years and demand remaining the same, prices have sky rocketed throughout the yearling and 2 year old in training sales. Where horse racing partnerships use to find value in first crop sires, they now have to compete with the bigger players and farms who have realized that there is value to be had with new and less established sires. This now puts thoroughbred horse racing syndicates in a very difficult situation. Finding value is harder than it’s ever been and even harder when the end goal is to be able to get part of your initial investment back to your owners at the end of the horse’s racing career.

With even fewer stallions in today’s market coupled with the overwhelming scrutiny put on a colt’s ability, family, conformation and race record, it is almost impossible to think that a thoroughbred horse racing partnership will be lucky enough to campaign a potential stallion. That is why in today’s market fillies are so valuable. A filly from a winning family with an average pedigree can present significant residual value potentially. With an exponentially greater number of broodmares compared to stallions, fillies on average have a much greater chance to present their owners with residual value at the end of the day.

The general checklist for a potential broodmare, aside from a winning family and decent pedigree is as follows. Attaining some sort of black type status in their career, whether it is winning a stake (most important) or being stakes placed. Multiple stakes wins increase the value, and graded stakes wins or placings increase the value dramatically. In addition, the $100,000 mark in earnings is a threshold that needs to be surpassed in order to become sought after in the broodmare market. Just having the basics, $100,000 in earnings and a stakes win a broodmare can be worth upwards of $100,000 at the end of the day. This number is significant, seeing as this will most likely put a significant amount your initial investment back in the owner’s pockets.

At Blinkers On Racing Stable we have been lucky enough to campaign one of the top filly sprinters in the last few years, Turbulent Descent. We purchased Turbulent Descent at the OBS April sale in 2010 for $160,000. By first crop sire Congrats we were taking somewhat of a chance, but her athleticism is what sold us. By Greg Gilchrist’s recommendation we purchased her as a 2 year old in training and she went on to earn over $950,000 for the Blinkers On Partners, with 3 G1 wins, 2 G1 placings a G2 win, and 2 unlisted stakes wins. With a solid pedigree and outstanding race record we sold her privately to one of the biggest farms in the game, Coolmore. She was purchased for a private amount, and you can imagine based on her credentials what that was, and she is now in foal to the world’s top sire Galileo. For Blinkers On and our partners, this was an outstanding return and experience that will keep us and our owners in the game.

When investing in thoroughbreds, remember there always has to be an exit strategy at the end of the horse’s racing career. Fillies present that residual value on a much higher percentage than colts do. Getting your initial investment or even part of it back at the end of the day is important because that will keep you reinvesting in the game.

Blinkers On

Blinkers On Racing Stable, a leader in thoroughbred horse racing partnerships, brings together the finest in thoroughbred horse racing expertise with the best in business know-how, and above all, a team of people you can trust, to manage your investment. We are committed to helping you experience the joys of thoroughbred horse ownership. For more information on thoroughbred partnerships visit our website or request an information package about our partnership. Keep up with horse racing in California by reading our Blog, finding us on Facebook, following us on Twitter, checking us out on LinkedIn, or visiting our YouTube Channel!

 
Leave a comment

Posted by on September 21, 2013 in Uncategorized

 

Tags: , , , , , , , , , ,

Thoroughbred Horse Racing Loses a Prolific Sire

Horse Racing Partnerships Will Miss Offspring By Unbridled’s Song

On July 25, 2013 the thoroughbred horse racing world lost one of its most popular and successful sires. At the age of 20, Unbridled’s Song was euthanized due to a brain tumor that was ruled inoperable. He had just completed his 16th season at Stud with Taylor Made Stallions in Nicholasville, KY where he stood this year for $60,000. The Majestic looking Gray/Roan stallion, now almost completely white, was a popular sire of precocious horses that thoroughbred horse racing partnerships, owners, and trainers alike all wanted to own.

Unbridled’s Song’s career was one to remember from the beginning. As a yearling he was purchased by owner Ernie Paragallo for $200,000 in 1994 at the Fasig-Tipton Saratoga Selected yearling sale. A few months later he was brought into the Barrett’s March 2 year olds in training sale where he sold for $1.4 million dollars to Hiroshi Fujita, only to then be bought back by Paragallo because Fujita argued his vet found bone chips in the horse’s ankle. Clearly frustrated, but knowing the horse’s talent, Paragallo was happy to campaign the horse himself.

Unbridled’s Song was from the first crop of Kentucky Derby winner and champion Unbridled, out of the winning Caro mare, Trolley Song. He was off to a quick and precocious start on the race track, breaking his maiden by 8 ½ length at Saratoga then capping off the year with a G1 win in the Breeders’ Cup Juvenile at Belmont Park. Not only was Unbridled’s Song talented on the track, he was able to duplicate that in the breeding shed. Horse racing syndicates today love to buy progeny of Unbridled’s Song because they are so good looking and show a lot of talent at under tack shows, the ultimate combination for a 2 year old in training sale. Unbridled’s Song would go on to run 2nd in a pair of G2’s, the Huctheson and the Fountain of Youth, before winning the G1 Floirda Derby. He went on to run 5th in the Kentucky Derby where he raced with a sore left front. His career ended prematurely training for the Donn Handicap where he suffered a fractured cannon bone.

In 1997 Taylor Made stood Unbridled’s Song for his first of many prolific seasons as a stallion. From 14 crops of racing age, Unbridled’s Song has sired 100 stakes winners, including 45 graded stakes winners, for combined earnings of over $89 million. He became the 27th North American stallion to eclipse 100 stakes winners earlier this year when Graydar took the Donn Handicap, and was one of ten active stallions worldwide to accomplish the feat prior to his death. Unbridled’s Song also led yearling average price at sales with a lifetime average of $298,118, leading all North American sires. In addition, he also ranks 3rd all-time among North American Sires by gross yearling sales of $198,844,653. These numbers alone can tell you how much this sire’s progeny was loved by thoroughbred horse racing partnerships across the U.S. Not only were did his progeny win early, but they were also fast, could run a route of ground and excelled on the dirt and turf as runners.

His progeny are led by U.S. champion Midshipman, Canadian champion Embur’s Song, Breeders’ Cup Distaff/Ladies’ Classic winners Unrivaled Belle, and Unbridled Elaine. He also sired multiple Grade 1 winners Octave, Splendid Blended, Thorn Song, and Zensational, as well as 2008 Kentucky Derby runner-up Eight Belles and 2009 Belmont Stakes runner-up Dunkirk. Unbridled’s Song’s legacy will continue to live on through his over 45 sons standing at stud around the world today. Led by G1 producing sires Even the Score and First Defence, he is also represented by first-crop sires Old Fashioned and Zensational, as well as young sires Dunkirk, Songandaprayer, Midshipman, and Mission Impazible.

Through all his success on and off the track progeny of Unbridled’s Song have been plagued with the same relative unsoundness that Unbridled’s Song had himself as a race horse that cut his career short. Being such a big, fast and precocious animals, progeny of Unbridled’s Song seem to fit the saying “high risk, high reward”. At Blinkers On Racing Stable, we purchased a son of Unbridled’s Song for our thoroughbred horse racing partnerships as a 2 year old in training at the OBS June 2012 sale. Now, named Island Freedom, he stopped the clock in 10 flat, the co-fastest time at the sale, doing it better than any other horse in the sale. Bloodstock advisor Greg Gilchrist felt that from the beginning this horse had unlimited talent and potential. Also, being a ¾ brother to first crop sire and G2 winner Old Fashioned (by Unbridled’s Song), we knew that we had to have this horse. Just like his father, Island Freedom has it all, looks, pedigree, speed, and presence, but unfortunately that’s not all. He has also been dealt an unlucky hand like many Unbridled’s Songs, being so big he has had a tough time getting to the track. But with patience and time everyone in the thoroughbred horse partnership is confident that he will be well worth the wait.

Blinkers On

Blinkers On Racing Stable, a leader in thoroughbred horse racing partnerships, brings together the finest in thoroughbred horse racing expertise with the best in business know-how, and above all, a team of people you can trust, to manage your investment. We are committed to helping you experience the joys of thoroughbred horse ownership. For more information on thoroughbred partnerships visit our website or request an information package about our partnership. Keep up with horse racing in California by reading our Blog, finding us on Facebook, following us on Twitter, checking us out on LinkedIn, or visiting our YouTube Channel!

 
Leave a comment

Posted by on September 2, 2013 in Uncategorized

 

Summer Racing Attracts the Best From Coast to Coast

Horse Racing Partnerships Gear Up for the Best Meets of the Year

In thoroughbred horse racing the month of July marks the beginning of the Summer meets at two of the most unique, and visited venues in the country. On the West coast, The Del Mar Thoroughbred Club is situated just 20 miles north of San Diego. On the East Coast, Saratoga Race Course is just about a 3 hour drive north of Manhattan. Both tracks have a storied history and some of the best racing condensed into about 7 weeks with non-stop action for thoroughbred horse racing partnerships and owners alike.

Dating back to 1863, Saratoga Race Course held their inaugural thoroughbred race at what is now the Okalahoma training track just across the street from where the main track is today. The Saratoga meet was originally only 4 days, and as the years went on it continued to be lengthened because of its popularity to what it is today, 40 racing dates. The track was originally developed and supported by John Hunter, who went on to become chairman of the Jockey Club, William R. Travers, former boxer, future congressman John Morrissey, and Cornelius Vanderbilt. Saratoga Race Course has continued to be in use since its opening to  thoroughbred horse racing in 1863, except from 1911-1912 when anti-gambling legislation was passed in the state, and then also from 1943-1945 during WWII. Otherwise, Saratoga has been a home to some of the best thoroughbreds to ever run in the United States.

The Del Mar Thoroughbred Club first opened in 1937 with the likes of Bing Crosby, one of the track’s biggest supporters and co-founders, who was at the gates on opening day taking tickets. Del Mar has been a Southern California staple each year for thoroughbred horse racing syndicates and fans, bringing together perfect weather and location, as well as some of the year’s best races. Located right on the coast, the track has some spectacular views that no other track in the country has. With its proximity to the beach, fans and owners make a vacation out of their trip to the races staying weeks at a time “Where the surf meets the turf” at Del Mar.

Between Del Mar and Saratoga, 33 racing dates at Del Mar and 40 at Saratoga there are a combined 98 Stakes races between the 73 racing dates, and 24 of them are Grade 1 races! All combined into a short period of time from the middle of July through Labor Day in early September these tracks host some of the best racing in the world. Thoroughbred horse racing partnerships travel form across the country to send their horses to these meets and to race in the top Stakes races that can make a horse’s career, and also fulfill the hopes and dreams of the horse racing syndicates. At Blinkers On Racing Stable, our thoroughbred horse racing partnership was fortunate enough to win the 2011 G1 Test Stakes at Saratoga with Turbulent Descent. Winning a race of this magnitude at Saratoga, that holds soo much thoroughbred horse racing history, was an experience that no one in the horse racing partnership will ever forget.

This year, we will not be sending any horses to Saratoga, but we will be sending about 9 horses down to Del Mar for the meet. Between 4 two year olds and 5 older horses the Blinkers On horse racing partnerships should have a very busy and fun meet. We will have partners flying in from all over the country to see their horses run and enjoy the spectacular racing and weather that comes together at The Del Mar Thoroughbred Club. Good luck to all the Blinkers On horse racing partnerships this year at Del Mar!

Blinkers On

Blinkers On Racing Stable, a leader in thoroughbred horse racing partnerships, brings together the finest in thoroughbred horse racing expertise with the best in business know-how, and above all, a team of people you can trust, to manage your investment. We are committed to helping you experience the joys of thoroughbred horse ownership. For more information on thoroughbred partnerships visit our website or request an information package about our partnership. Keep up with horse racing in California by reading our Blog, finding us on Facebook, following us on Twitter, checking us out on LinkedIn, or visiting our YouTube Channel!

 
 

Tags: , , , , , , , , , ,

Sticking to Your Guns

2 Year Old Focused Thoroughbred Partnerships See Prices Rise

What use to be a secondary market to buy thoroughbreds, 2 year olds in training sales, have proven their value over the years with more owners drifting into the 2 year old market, while still having a hand in the popular yearling market. With foal crops down and more pressure and emphasis to win early with less risk, horse racing syndicates have found that purchasing 2 year olds in training gives their owners’ the ability to achieve just that with the least amount of risk. As a result, the prices at 2 year old in training sales have been significantly increasing year over year for the past 3 years. This year has seen all-time highs in average price and median price across the board at 2 year old in training sales, making it very difficult for the once entrepreneurial horse racing partnerships to buy.

As a thoroughbred syndicate it is very important to have goals and a plan for the partnership, specifically how to acquire horses. In the past, most thoroughbred partnerships were focused on buying pedigree, which would typically be found at select yearling sales. Those horse racing partnerships believed that the extra cost involved in paying for the pedigree and extra time it would take the horse to get to the track was worth the risk. But today the mindset has changed significantly. Thoroughbred syndicates started realizing that paying a premium for a yearling with pedigree, could be a greater risk than paying for a 2 year old in training with average or little pedigree because the extra time they had to wait to get that yearling to the track let alone even get to the track, as well as never being able to see that horse run before they purchased it.

As a result, Blinkers On Racing Stable has seen a significant shift in the market to buying 2 year olds in training this year, which has been our model for the past 8 years. We now see average prices rising on horses because the demand has gone up and the foal crops have dropped. But knowing our success purchasing two year olds in training with horses like multiple G1 winner Turbulent Descent, and Stakes winner Hidinginplainsight, we knew that if we stuck to our plan that we would be able to find the right horses that we loved without compromising. Last year in 2012, we attended the June OBS 2 year old in training sale for the first time, but it paid off when we bought a horse with unlimited potential, Island Freedom, a son of Unbridled’s Song, and ¾ brother to Old Fashioned. He ran an 1/8th in the co-fastest time of 10 flat. We have high hopes for this colt, and know that patience will pay off when he makes his first start at Del Mar this Summer.

In addition, Blinkers On attended the 2013 OBS April 2 year olds in training sale where we have had the most success and also catalogs the  most horses (1,200), and we did not purchase one horse. We spent thousands on vet bills and travel, as well as countless hours analyzing stride and looking at horses. Because we were disciplined and did not want to over pay for a horse that we didn’t completely love we came home with nothing. Obviously, this was not a great feeling but we stuck to our plan and went to the next sale at the Barrett’s May 2 year olds in training sale.  We purchased the horse at the top of our list, a 2 year old son by Benny the Bull, Bullwhip, who breezed an 1/8th in 10 flat, the co-fastest time at the sale. To be able to buy this horse, especially at the price we got him at was perfect. There’s nothing like going to a sale and getting the horse at the top for your list for the price you want him at.

Had our thoroughbred syndicate panicked and over paid for a couple horses in April instead of waiting for May Barrett’s and then May Fasig-Tipton where we purchased 2 more, we may not have purchased the 3 horses that we feel very strongly about. The thoroughbred market is full of ups and down, high and lows, but if you are willing to be patient and stick to your plan, you will be rewarded. That is not to say that looking out into the future with where racing is going and adjusting a little is not a good thing. Like any good business it is important to see change coming, and that is why we decided to buy 2 Cal-Bred yearlings last year, but not switch our model to only buying Cal-Breds. We plan to attend the June OBS 2 year olds in training sale and hopefully purchase 2 or 3 more horses. With a full stable we look to have a fantastic Summer and Fall!

Blinkers On

Blinkers On Racing Stable, a leader in thoroughbred horse racing partnerships, brings together the finest in thoroughbred horse racing expertise with the best in business know-how, and above all, a team of people you can trust, to manage your investment. We are committed to helping you experience the joys of thoroughbred horse ownership. For more information on thoroughbred partnerships visit our website or request an information package about our partnership. Keep up with horse racing in California by reading our Blog, finding us on Facebook, following us on Twitter, checking us out on LinkedIn, or visiting our YouTube Channel!

 
1 Comment

Posted by on June 28, 2013 in Uncategorized

 

Tags: , , , , , , , , , ,

 
Follow

Get every new post delivered to your Inbox.