Recent News for Business Management

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Weather, Economy Hit Utah Mustang Sale

January 26, 2009

A Bureau of Land Management (BLM) official credited wintry weather and the high costs of horsekeeping for lackluster results at a Jan. 24 Wild Horse and Burro sale in Delta, Utah. Of the 320 Spanish Mustangs offered from Utah's Sulphur Herd... Read More

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White Colt Sold at Keeneland to Return to Breeder

January 19, 2009

White Prince, whose $60,000 price topped the fifth session of the Keeneland January horses of all ages auction in Lexington Jan. 16, did not go to a new home. The transaction was... Read More

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Keeneland Sale Final Gross Down 53.4%

January 18, 2009

The final results of the Keeneland January horses of all ages sale in Lexington were sobering, with setbacks of 53.4% in gross revenue, 48% in average price, and 44.1% in median price from a year ago. But they weren't anything new to the people... Read More

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Lady Finds a Home: 50th Thoroughbred Adopted Through TheHorse.com Service

January 15, 2009

TheHorse.com recently got word that a Thoroughbred formerly en route to slaughter had found a home via TheHorse.com's Thoroughbred Adoption Services, sponsored by Gainesway Farm. She was the 50th Thoroughbred to be placed through the service. Read More

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Downward Spiral Continues at Keeneland Sale

January 14, 2009

The Keeneland January horses of all ages sale continued its scary downward spiral during the second session of its six-day run in Lexington. The gross revenue Jan. 13 dropped 66.2% from a year ago while the average price fell 61.6%. The median... Read More

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Keeneland Thoroughbred Sale Opening Down 45.9%

January 13, 2009

The results were grim, but not surprising, as Keeneland opened its January horses of all ages sale in Lexington during a time of worldwide economic downturns. The gross revenue Jan. 12 plummeted 44% from the auction's first session in 2008 while... Read More

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45 Horses Find New Homes Via TheHorse.com Service

January 09, 2009

Launched in November 2008, TheHorse.com's Thoroughbred Adoption Service has now coordinated new homes for 45 horses. See a list of horses placed.  

"I’m extremely... Read More

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British Thoroughbred Sale Tattersalls Down 51%

December 05, 2008

Tattersalls' December sale ended quietly in England with a breeding stock session in which a 3-year-old colt, sold as a jumping prospect, topped trade at 65,000 guineas. The other figures for Dec. 4 were 139 horses sold, a gross of 656,650... Read More

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California Vet Service Tax Fails; Might Resurface

December 03, 2008

Last week, the California State Senate and Assembly rejected Gov. Arnold Schwarzenegger's proposal to balance the budget, which included the addition of a sales tax to veterinary... Read More

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Sale of Interest in Curlin Rejected

December 01, 2008

A Kentucky state judge has denied the private bid by majority owner Stonestreet Stables for the minority interest in reigning Horse of the Year Curlin, ordering the pertinent parties to work out their differences on their own.

Franklin... Read More

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Ireland's Miniature Horses to Get Official Studbook, Passports

December 01, 2008

The owners of Ireland's smallest equines have big cause for celebration, as that country's Department of Agriculture, Fisheries and Food last week officially recognized the Miniature Horse and Pony Society of Ireland (MHPSI). As a result, the... Read More

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California Governor Proposes Tax on Veterinary Services

November 26, 2008

In an effort to raise funds for the state, California Gov. Arnold Schwarzenegger recently announced his proposal to expand sales tax to include veterinary services. If this proposal passes, the governor estimated $357 million in increased revenu... Read More

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Keeneland Thoroughbred Sale Ends in Substantial Decline

November 19, 2008

The Keeneland November breeding stock sale that coincided with a world economic crash ended Nov. 17 with substantial declines in every key statistical category.

The Lexington sales company reported that 3,019 horses were sold during the... Read More

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New York Farm Operator Sentenced

November 15, 2008

Geraldine Trupia, the operator of a New York breeding farm from which authorities seized a herd of horses in August, appeared in Troupsburg Town Court for sentencing this week. Now she's speaking out on the circumstances of her case.... Read More

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Curlin Majority Owner Bids to Buy Out Remaining Share

November 14, 2008

Jess Jackson is involved in a private bid to buy out the 20% minority interest he doesn't control in reigning Horse of the Year Curlin, but actions in a Kentucky court Nov. 13 on the surface probably won't help speed a decision on the champion... Read More

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Horse Sales Market Commentary: Tough Times

November 12, 2008

Disaster. Brutal. Blood bath. Just a few of the many descriptive words being used by breeders to describe the Keeneland November breeding stock sale, which at this writing still had a week to run.

In light of the recessive global economy,... Read More

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Kansas Trainer Vows Court Fight Over Relocated Horses

November 10, 2008

Kansas horse trainer Tammy Blase vowed to challenge landlord Scott Becker and his family in court on grounds that he violated their lease agreement by ordering the Nov. 4 removal of 59 horses from Mount Bethel Farm in Meriden, Kan., without firs... Read More

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Washington Hearings Tackle Horse Farm Tax Issues

November 10, 2008

Operators of horse boarding and training farms in Washington state are poised to pack Department of Revenue hearing chambers Nov. 13 to convince the agency that their businesses should be included in statutory definitions... Read More

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Plunging Horse Sales Market: The View from the Ring

November 07, 2008

On day four of the plunging Keeneland November breeding stock sale market, here's what people had to say about the situation:

Patrick Lawley-Wakelin, Virginia-based bloodstock agent: "The market is obviously a reflection of what the world i... Read More

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Horses Grab Headlines in Kansas Financial Dispute

November 07, 2008

A group of 59 horses became the subject of a Jackson County, Kan., police investigation this week after they were reported stolen, then recovered, and then revealed to be collateral in a financial dispute between a Meriden, Kan., farm owner and... Read More

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Keeneland Thoroughbred Sale Suffers More Setbacks

November 06, 2008

The marketplace continued to take a pounding from negative economic forces outside the Thoroughbred industry during the third day of the Keeneland November breeding stock sale in Lexington. Compared to 2007, the Nov. 5 session was down 42.1% in... Read More

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Keeneland Thoroughbred Sale Continues Slump in Second Session

November 05, 2008

When most everything else in the world--including stocks and home values--seems to be losing value, 3-year-old racehorse Mushka went up in the value, proving the old adage that good horses will bring good money, even in tough economic times.... Read More

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Dam of Eight Belles Sells for $2.5 Million

November 05, 2008

Away, the dam of the ill-fated Eight Belles, was purchased for $2.5 million during the opening session of the 2008 Keeneland November breeding stock sale Nov. 3 at the Central Kentucky auction house.

Sheikh Mohammed's bloodstock adviser,... Read More

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Thoroughbred Broodmare Sells for Record Price

November 03, 2008

Even though we're in the midst of a global financial crisis, a special horse can still bring a jaw-dropping amount.

Better Than Honour, the dam of back-to-back Belmont Stakes winners Jazil and Rags to Riches, set a world Thoroughbred auctio... Read More

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Keeneland Thoroughbred Sale Faces Economic Hurdles

November 02, 2008

Consignors are steeling themselves and their clients for a significant downturn in the market at Keeneland's breeding stock sale, which starts Nov. 3 in Lexington and runs for 15 days. But they also are hoping that the drop in prices will bring... Read More