Buyers Reward Quick Breeze Times

By Nicole Sauer

As mentioned in an earlier post on 2-year-old ROR, sales 2-year-olds as a whole achieve a higher rate of return in racetrack earnings than sales yearlings largely because buyers are able to see at least one workout before purchasing.

Since workouts have a significant effect on buyers' decisions, MarketWatch used the breeze times and sales prices of 2-year-olds in training offered at the Ocala Breeders' Sales Co.'s March sale, OBS April, and OBS June from 2011-14 to illustrate the relationship between breeze time and sales price.

The charts below include all 2-year-olds that breezed an eighth of a mile and were offered at the sales listed above. While only a small number of horses breezed a furlong faster than 10 seconds (1.1% of all sold), this group realized the highest average and included the highest-priced 2-year-old of these sales, a $1.8 million colt that breezed an eighth in 9.8 seconds.


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The average sales price for a juvenile with a breeze time under 10 seconds is $236,042, 76% higher than horses breezing in exactly 10 seconds. The graphs show that average price steadily declines as breeze times get slower.

A time of 10.4 seconds appears to be the threshold beyond which buyers are reluctant to pay top dollar. No horse that breezed slower than 10.4 seconds realized a price greater than $420,000, while each of the faster time categories had at least one million-dollar hip. Average sales price decreased dramatically (-69%) between horses that breezed an eighth in 10.4 seconds and those that breezed in 10.6 seconds.

6 Comments

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sceptre

So much for gallop-out, and way of going; speed, measured by time, seems to win the day. Not a good situation, and difficult to change.  

28 Jul 2014 12:25 PM
Sean Daly

GREAT RESEARCH

01 Aug 2014 2:10 PM
lisa123

It would be interesting to see a follow-up article in a couple of years with updates about how the horses mentioned here do on the track.

03 Aug 2014 2:26 PM
AnneM

I thinks that these breeze shows should be done away with. Too fast for too short a distance doesn't

measure anything - and can cause permanent injury to the young 2 year olds

03 Aug 2014 6:17 PM
Pedigree Ann

I agree with AnneM. These young horses are being abused to make more money for the consigners (many of whom are pinhookers, not breeders, so its future racing career is not as critical to them) at the expense of the future owners, who may not be aware of the damage such works can cause.

16 Aug 2014 7:02 AM
sceptre

Pedigree Ann:

And they're not "abused" thereafter?

18 Aug 2014 9:24 PM

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