Bloodstock editor Joe Nevills joins publisher Ray Paulick on this week’s edition of the Friday Show to talk about the state of the Thoroughbred market after completion of the recent Selected Yearlings Showcase at Fasig-Tipton and the early stages of the marathon September Yearling Sale at Keeneland.
Like many industries, the bloodstock market has had to adapt as a result of the coronavirus pandemic, with a wider embrace of off-site research and bidding from both domestic and international buyers who either were reluctant or unable to travel to Lexington, Ky., for the sales because of COVID-19.
The economics of live racing have been turned upside down by crowd restrictions, lower purses in some markets, and, for some owners, the joy of the game has been deflated by the “new normal,” which could lead to decreased participation in the auction market — at least in the short term. The results of the current Keeneland September Sale could have ripple effects on the upcoming breeding stock sales.
Finally, it’s a big weekend of racing at Woodbine in Canada, highlighted by Saturday’s $1-million Ricoh Woodbine Mile, and Nevills and Paulick go through the field for that Grade 1 turf fixture.
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