| INDUSTRY |
LISSA OLIVER’S
S P R I N G SALES ANALYSIS A
Zuzanna Lupa, Shutterstock
question that has divided commercial breeders and racehorse trainers since Tattersalls first decided to auction thoroughbreds is the definition of The Big Day. For trainers, it is a major race at a major festival. Although every commercial breeder dreams of a high-profile winner, their big day is a major price at a major sale. Why else do we differentiate between commercial breeders and those who breed to race, lamenting the loss of the traditional ownerbreeder at every dispersal sale? If the outcome of the matings and sales preparation resulted in The Big Day for both parties, there would be no complaints, but as some have learned to their cost, the sales topper doesn’t always reach such dizzy heights again. The excitement and anticipation generated by the final
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TRAINERMAGAZINE.COM ISSUE 61
knock-down figure builds to hype if and when the sales topper makes its racecourse debut, but can sometimes be followed by immediate disappointment and obscurity. But is this always the case, and for all of the elite sales horses? And how does a big day in the sales ring affect the elite two-year-olds, prepared for the breeze-up sales that are often referred to as ready-to-run sales? Are the juveniles ready to run or, as some trainers suspect, over-boiled? To see if any emerging pattern can shed light on these questions, I looked at the racecourse performances of the best-selling breeze-up juveniles and three-year-old National Hunt store horses from certain sales. I chose the period of 2005 to 2014 to obtain 10 years of data and to allow for the most recent of the graduates to reach their potential on the track, and I followed the careers of the 10 highest-priced lots sold (not unsold or bought in) at each selected sale. Because