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3rd session down, but overall sale up 2.7%

November 09, 2011

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The third session offering yearlings at the annual Standardbred Horse Sale Company auction in Harrisburg concluded Wednesday with 275 horses sold for an average price of $18,493. That's a drop of 3.8 percent from the average of $19,218 attained in last year's third session, when 303 yearlings were sold. Several consignors and buyers described the crowd as lighter than expected and said bargains were available.
Collectively through three sessions the sale is still showing a higher average price than in 2010, with a 2.7 percent increase. However, the gross sales and number of horses sold is notably lower this year. Through three sessions the gross is $28,695,200 for 800 yearlings (an average of $35,869) versus $29,508,200 in 2010 for 845 yearlings (an average of $34,920). Last year the sale finished with an average price of $30,730 for 1,124 yearlings sold.
A gross of $5,085,700 was realized for the 275 yearlings sold Wednesday, with both figures not including those horses listed as "not sold." The number of horses in that category climbed well beyond 20 for the first three sessions. Some of the consignors said their yearlings failed to get even a single bid, although others said the prices were not acceptable and thus the bid shown on the board was not evidence of a sale.
The median price--the point where half the horses sell for more and half for less--was $35,000 through the first two sessions. The median for the third session alone was $13,000.
Through the first two sessions, when the stock is generally considered more select, the leading sire at the sale was Andover Hall, with 26 yearlings averaging $77,500. At last month's Lexington Selected Sale 13 Andover Hall yearlings were sold for an average price of $39,308. The second crop by Donato Hanover has proven to be popular with 51 yearlings offered in the first two sessions at Harrisburg averaging $65,902, while 22 were sold for an average of $65,773 in Lexington.
In the pacing category, Somebeachsomewhere led the Lexington Selected Sale with 42 selling for an average price of $78,000. Through sessions 1 and 2 at Harrisburg 48 had been sold for an average price of $54,938. The second leading pacing sire at Harrisburg through sessions 1 and 2 was Art Major (32 for an average of $44,266 vs. 31/$56,387 in Lexington). Rocknroll Hanover, who most acknowlege is hurt by having stood at stud in New Jersey, had 45 yearlings sell for an average of $42,289 through sessions 1 and 2. He had 40 yearlings in Lexington which averaged $29,675.
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