Yearling Sale's

[peteboss4]

I believe it's not just contained to our yearling sales, people in this country are simply not spending their money at the moment.
Sales are flat or going backwards in just about every avenue.
There are a million experts out there that will tell you it's this or it's that and I'm not one of them, but I would hope most people would realise our game is not immune to these trends.

Fair enough Dan & I understand where you are coming from but I'm talking harness racing only & seriously its getting worse. Someone used the word 'evaporating' not that long ago, I think he may be right...... how can these guys make a living, it can not be easy. More & more will leave because of this & everything else thats going on. Victorian results were 76% compared to our 51%. Even though other states are finding it hard NSW should be declared a disaster zone & marshall law employed.

[Danno]

Fair enough Dan & I understand where you are coming from but I'm talking harness racing only & seriously its getting worse. Someone used the word 'evaporating' not that long ago, I think he may be right...... how can these guys make a living, it can not be easy. More & more will leave because of this & everything else thats going on. Victorian results were 76% compared to our 51%. Even though other states are finding it hard NSW should be declared a disaster zone & marshall law employed.

I hear you Pete, the differences in the percentage of yearlings passed in is quite staggering and yes I know the current integrity issues facing NSW will definitley have had some degree of impact, but other factors such as the big prizemoney increases should have negated some of that, one would hope. Having said that, there is no doubt it will take quite some time for the negative effects of the "pay to play" scheme to be behind us, not to mention the recent littany of drug related charges going around.

To be completely honest, if I were a person trying to make a living off this game I reckon I would have thrown the sponge in at some time over the last six months, there has always been a few shonks in the game but at the moment it seems that if your not a bit shonky then get used to racing for second prizemoney, and please everyone this is not a shot at everyone who's won a race recently, just the cheats and they know who they are.

Cheers,

Dan.

[eliteblood]

Fair enough Dan & I understand where you are coming from but I'm talking harness racing only & seriously its getting worse. Someone used the word 'evaporating' not that long ago, I think he may be right...... how can these guys make a living, it can not be easy. More & more will leave because of this & everything else thats going on. Victorian results were 76% compared to our 51%. Even though other states are finding it hard NSW should be declared a disaster zone & marshall law employed.

The sales have been a total disaster for breeders and I expect there will be carnage within the industry as a result. If you take the results of the Sunday sale in Melbourne, the average price was $11,964. That constitutes a loss.
Breaking the results down further
111 (55%) sold for less than $10k - (absolute disaster)
41 (20%) sold for less than $15k - (in almost all cases that would be a loss)
25 (12%) sold for less than $20k - (small profit or loss depending upon service fee)
26 (12%) sold for less than 30k - (in most cases a small profit depending upon service fee)
4 (2%) sold for more than $30k - (a good result for the vendors of these 4 lots)

The figures are flattering because they include buy backs, so 32% of those results would not have been achieved at all. I excluded the $80k top priced buyback from the figures.

Looking at fillies in isolation,
21 failed to draw a bid
43 sold for less than $10k
12 sold for less than $15k
7 sold for less than $20k
4 sold for less than $30k
1 sold for more than $30k

After looking at the service fees of the top 12 fillies, I would suggest that there were only 2 fillies in the whole sale that produced a good profit to their vendors.
73% fall into the category of absolute disaster (<$10k).

[peteboss4]

I hear you Pete, the differences in the percentage of yearlings passed in is quite staggering and yes I know the current integrity issues facing NSW will definitley have had some degree of impact, but other factors such as the big prizemoney increases should have negated some of that, one would hope. Having said that, there is no doubt it will take quite some time for the negative effects of the "pay to play" scheme to be behind us, not to mention the recent littany of drug related charges going around.

To be completely honest, if I were a person trying to make a living off this game I reckon I would have thrown the sponge in at some time over the last six months, there has always been a few shonks in the game but at the moment it seems that if your not a bit shonky then get used to racing for second prizemoney, and please everyone this is not a shot at everyone who's won a race recently, just the cheats and they know who they are.

Cheers,

Dan.

Yes i would have left too & probably will .I have always enjoyed the sport but not so much now. Went back & had a look there has been 23 positives in a relative short period , we have EPO,Meth, arsenic, bute,testosterone (that's a steroid),ibuprofen,& your good old bicarb etc. Its a disgrace & do any of these cheats care who they are ripping off.......NO, THEY DO NOT...You have guys with POSITIVES racing in Hunter Cups & Interdoms.... that in itself is WRONG.......You have guys listed on the O'Toole charge sheet STILL winning races......these grubs run this sport, NOT the stewards or the CEO..... Sam needs to step up and put into place lengthy sentences for cheats & stick to it....eg 12 mts bi carb, 5years anything else as there is no real DESCENT penalty for these cheats. ALSO THESE CASES NEED TO BE DELT WITH QUICKLY. And mark my words some named in the O'Toole case will get away with it! Things need to change NOW before its too late. Obviously I'm Pissed off big time!

[Starship Captain]

Thank's for the break down of the sale Trevor, I hope Sydney and Perth are much better for the breeder's.

Dan & Pete,
Warren Buffet said to tell you both to get to Sydney asap and then too Perth with your cheque book's open

Exactly how much of the blame can be put on the current scandle for the sale price's? Million dollar question

[peteboss4]

Thank's for the break down of the sale Trevor, I hope Sydney and Perth are much better for the breeder's.

Dan & Pete,
Warren Buffet said to tell you both to get to Sydney asap and then too Perth with your cheque book's open

Exactly how much of the blame can be put on the current scandle for the sale price's? Million dollar question

Jason your smarted that your last sentance, Surely.

[Starship Captain]

The reference to Buffet was just my view on when to buy and the rest of the post was ok IMO.

[peteboss4]

The reference to Buffet was just my view on when to buy and the rest of the post was ok IMO.

No worries
Cheers

[peteboss4]

The sales have been a total disaster for breeders and I expect there will be carnage within the industry as a result. If you take the results of the Sunday sale in Melbourne, the average price was $11,964. That constitutes a loss.
Breaking the results down further
111 (55%) sold for less than $10k - (absolute disaster)
41 (20%) sold for less than $15k - (in almost all cases that would be a loss)
25 (12%) sold for less than $20k - (small profit or loss depending upon service fee)
26 (12%) sold for less than 30k - (in most cases a small profit depending upon service fee)
4 (2%) sold for more than $30k - (a good result for the vendors of these 4 lots)

The figures are flattering because they include buy backs, so 32% of those results would not have been achieved at all. I excluded the $80k top priced buyback from the figures.

Looking at fillies in isolation,
21 failed to draw a bid
43 sold for less than $10k
12 sold for less than $15k
7 sold for less than $20k
4 sold for less than $30k
1 sold for more than $30k

After looking at the service fees of the top 12 fillies, I would suggest that there were only 2 fillies in the whole sale that produced a good profit to their vendors.
73% fall into the category of absolute disaster (<$10k).

Feel bad for all you guys trying to make a living out of this game.....its more than sad to see the industry going down like the Titanic

[LisaB25]

agree..spotted this one a while back
wouldn't mind taking him home.

http://www.patricianpark.com.au/?p=919&utm

This picture is one of the best I have seen of a yearling this year.