The OBS June sale begins with a bang for us with the purchase of a very impressive filly at a great price. Hip #113, by Overanalyze (a promising young sire who just had his first grade 1 stakes winner on Belmont Day) - out of the stakes winning young Kitten’s Joy mare Bold Kitten was purchased for $40,000. Besides the nice pedigree and the fact that she’s a really impressive physical individual, this purchase offers a great ‘teachable moment’ in how-when a fast workout time really matters. She worked in 10.1, one of the better works of the sale, but what made it so impressive was the gallop out time, 20.4 for 2 furlongs and 33.2 for 3 furlongs. Look at stakes races and you’ll see few horses run 3 furlongs anywhere near that fast.

The ‘teachable moment’ is that this is information few people at the sale have. All the sales company reports is the official 1/8 mile work time, 10.1. To know the gallop out times you need to employ a private clocker to sit on a bench for 4 days with a stop watch and accurately record gallop out times and makes notes on how they pull up. It costs a lot of money and takes a lot of work. We do it, many other professionals do also, but the majority of buyers don’t bother, most don’t even know it matters.

So think about 2 works at a sale, both listed as 10.1, a ‘fast’ time. One horse gallops out in 21.0 and 34.0, the other gallops out in 22.0 and 35.0. Which one worked better? NO guarantees, it’s one work, if you want a guarantee buy US government bonds, not racehorses! But which would you rather pay for at the sale, all things being equal?

This filly galloped out exceptionally fast, meaning AFTER the rider stood up on her at the end of her timed 1 furlong work, she kept going incredibly quickly on her own, a display of natural ability that’s exactly what you want in a racehorse.  Again, no guarantees, maybe she can’t go 6 furlongs, maybe she gets hurt, or 100 other things, but it’s a very positive piece of the puzzle only a few people had. That’s exactly how people get bargains at sales.

This was a great sale for bargain hunters, sparsely attended, sales average down 12% from last year and RNA”s (not sold) up a stunning 60% (from 17.9% to 28.9%). From OBS website, "For the session, 187 horses grossed $6,119,500, compared with 179 selling for a total of $6,641,100 at last year’s first session. The average was $32,725 compared with $37,101 a year ago, while the median price was $20,000, up from $18,000 in 2018.  The buyback percentage was 28.9%; it was 17.9.% last year."

We took advantage of the weak sale and our good research to buy a very nice horse at a very attractive price and if the trend holds we hope to add 2 or 3 more to our roster by the end of the sale Friday. Stay tuned for announcements on upcoming group offerings.

 

Entry news:

  • Federal Dominance training well at Monmouth Park and makes his Kenwood debut Saturday in the 12th race. Please let George know if you plan to attend and wish help with admissions-seating.

 

Some nice works to report the last few days (all below).

 

  • More Ice had a nice maintenance work as he points for a stake at Del Mar opening day, July 17th
  • Starring John Wain a very nice maintenance work, will run in July at one of the Northern Ca. state fairs with Golden Gate off for the summer.
  • Preacher had a terrific work today, being pointed for a nice spot at Los Alamitos end of June.
  • Start A Fire training very well.
  • Life On the Edge good out of her fast work, probably will debut next month.

 

We have updated possible entry info. for all your horses, as usual found here.

 

Horse Workout Notification 
June 12, 2019
Preacher (2-Year-Old Colt)
Your comments for this horse were: KRP Racehorse
Date: June 12, 2019
Track: SANTA ANITA PARK
Distance: Four Furlongs
Time: 48:40 Handily
Track Condition: Fast
Surface: Dirt
Rank: 1/19

 

More Ice (3-Year-Old Colt)
Your comments for this horse were: KRP Racehorse
Date: June 12, 2019
Track: SANTA ANITA PARK
Distance: Four Furlongs
Time: 50:20 Handily
Track Condition: Fast
Surface: Dirt training
Rank: 7/12

 

Horse Workout Notification 
June 11, 2019
Starring John Wain (3-Year-Old Colt)
Your comments for this horse were: Private purchase
Date: June 11, 2019
Track: GOLDEN GATE FIELDS
Distance: Four Furlongs
Time: 48:60 Handily
Track Condition: Fast
Surface: All Weather Track
Rank: 1/3