VIRGINIA-BREDS AT SARATOGA

There were four Virginia-bred yearlings entered at the Saratoga yearling sale with two selling over the two night auction.

Hip #74, a bay colt by Street Sense, out of Isadora (GB) by Sadler’s Wells, was bred by Lady Olivia at Northcliff, LLC and sold to Crupi’s New Castle I for $130,000. The colt was consigned by Eaton Sales, Agent.

The colt is from the first crop of Kentucky Derby and Travers Stakes winner Street Sense and a half-brother to Impressionism who was stakes placed in France. His dam Isadora (GB) was stakes placed in England and is a half-sister to the graded stakes winner Horatia (IRE).

Hip #17, a chestnut colt by Not For Love out of Senate Caucus by Siphon (BRZ) sold to McMahon Bloodstock LLC, agent for $190,000. The colt is a half-brother to the winner Scrub Island and his dam is a half-sister to stakes placed winner Penninsula and Hong Kong Squall, the dam of Champion Three-Year-Old Colt Summer Bird. This is the immediate family of Champion Rubiano.

The colt was bred by Jill Gordon-Moore and Dr. Carlos “Ned” Moore’s Corner Farm and John T. Behrendt.

One other Virginia-bred did not meet its reserve while the fourth was withdrawn.

Overall the theme of the sale seemed to be “back to reality” after bucking the prevailing economic trends and posting gains in 2009. While the 2010 median price of $250,000 equaled 2009’s comparable figure, which was a sale record, the gross revenue declined 38.3% and the average price fell 15.6% even though Sheikh Mohammed attended the auction for the second year in a row.

The buy-back rate climbed to 28.7% from 21.6% last year. The number of yearlings that brought seven-figure amounts dropped to one from five. And the top price for an individual yearling declined to $1.2 million from $2.8 million.

The number of horses sold this year was 117, a decrease of 26.9% from 2009. The gross was $32,415,000 and the average was $277,051.