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California 2YOs: Average Up 42.3%

Thursday, 22nd March 2007

Overall at the Barretts Selected 2YOs-In-Training Sale, 88 lots sold for US$19,340,000 (up 34.4% on last year's 93 sold for US$14,361,000). The US$219,773 average was up 42.3% (last year US$154,419) & the US$147,500 median was up 84.4% (last year US$80,000). However the buy-back rate increased significantly, rising from 33.1% last year to 41.3% this year & "in another sobering development, 56% (112) of the 200 horses cataloged were bought back or withdrawn," noted bloodhorse.com. Barretts president Jerry McMahon describing the select juvenile market as "a high wire act", noting: "There were plenty of success stories & quite a few failures." He said the auction attracted more buyers this year, along with more veterinarians; as a result, "the scrutiny of the horses intensified, with the 2YOs having to get past a gauntlet of veterinarians before buyers would decide to purchase them".

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