Medaglia D'Oro colt pick on day two of the April Breeze-Up Sale
$300,000 September yearling almost trebles in value
A group of four high-profile owners banded together on Wednesday to purchase a well-bred son of Medaglia D'Oro for $850,000, who became the new sale-topper at the Ocala Breeders' Sales Spring Two-Year-Olds In Training Sale.
Consigned by agent Paul Sharp, the April-foaled colt will be campaigned by Eclipse Thoroughbred Partners, Twin Creeks Racing, Bridlewood Farm, and Robert LaPenta.
The partners said joining forces made sense for a well-bred, expensive colt with Classic potential.
"There is a lot of synergy amongst the group," said Eclipse's Aaron Wellman. "We envision this horse to hopefully develop into a Classic-type individual, and the way this market is right now, you see all the big-time players having to team up in order to get horses bought and to try to share in some of the risk."
"We've got good partnerships," said Twin Creeks' Randy Gullatt. "We're very familiar with each other and it's working."
Gullatt also labeled the colt "much a Derby-type horse" in his action.
The colt, bred in Kentucky by Mandy Pope's Whisper Hill Farm, is out of the A.P. Indy mare Indian Vale, a winner of seven of her 14 starts, including the Falls City and Fleur de Lis handicaps, both Grade 2 races, and two Grade 3 stakes. The colt's second dam is the Grade 1-winning Forty Niner mare Marley Vale.
Consigned by Timber Town at last year's Keeneland September yearling sale, the colt was purchased for $300,000 by Meg Levy's Bluewater Sales.
Sharp said he and the colt's owners "had high hopes, and at the end of the day he did well for us and we're happy. We try to (stay) grounded and it worked."
Continuing the momentum from the previous day’s opening session, the sale continued its bull run on Wednesday, with strong increases in gross and average prices.
From 604 head cataloged for the first two sessions, 171 juveniles were withdrawn, leaving 433 that have gone through the ring. The cumulative gross for 335 sold is $29,660,700, for an average price of $88,539 and a $50,000 median.
At the same juncture of last year’s auction, 330 horses changed hands for $24,011,000, an average price of $72,761 and $45,000 median.
"There has been a vibrancy within the marketplace over the last two days, so obviously we are pleased," said director of sales Tod Wojciechowski. "It seems good at all levels. Obviously the high end takes care of itself, so we’re pleased with the depth."
The OBS executive said the company and most consignors were hopeful of a good sale coming in and the action so far is living up to their expectations.
"The horses prepped well on the track during the under tack shows, we felt good about the quality of the pedigrees in the catalogue, and the activity in the barns was good leading up to the sale," he said. "But a sale is a glass half-empty, half-full thing and we’re always hopeful."
David McKathan of Grassroots Training and Sales said the April sale is one that he always points toward because the large number of juveniles cataloged attracts buyers at all price ranges.
"I think April is the most complete market we have among two-year-old sales, other than the Fasig-Tipton Midlantic sale," McKathan said after selling a First Samurai colt for $540,000. "I bring horses that I intend to sell across the board."
Agent Paul Sharp, who sold the Medaglia D'Oro colt, was the day’s leading consignor, with four sold for gross receipts of $1,177,000.
The sale continues on Thursday with a session that begins at 10.30am local time.
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