Little Red Feather Racing Blog

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Horse Racing Partnerships 101: How We Treat Our Horses

2 minute read
In the aftermath of the Preakness Stakes last weekend, I was expecting that my non-racing friends and family would ask me about Exaggerator, the horse who finally defeated his rival, the undefeated Kentucky Derby winner Nyquist, in a thrilling race on Saturday afternoon. Who owns him?  Is he part of a thoroughbred partnership? Much to my dismay, my post-Preakness conversations were not about the efforts of Exaggerator and Nyquist. Rather, they ...

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Horse Racing Partnerships 101: Breeding

2 minute read
In late fall, horse racing publications are dominated by articles announcing that many of the male and female equine stars of the racing world have been retired. If the horse is an intact male, he will be retired to begin stud duties. If the horse is a filly or mare, she will trade racing for motherhood and become a broodmare (a female horse used for breeding). This sounds simple enough, but the transition from athlete to parent often involves significant ...

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Horse Racing Partnerships 101: The Takeout Issue

2 minute read
The topic of takeout in horse racing as is one that is highly contentious in the industry for the horse racing customer.  The customer’s understanding of this concept varies as much as the condition books for tracks across the country.  The casual fan may not even be aware of what takeout is while the more seasoned player uses it as a map of where they choose to play.  Simply put, takeout is the fee the racetrack and horse owners charge to put ...

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Who Invented the Photo Finish Camera?

2 minute read
Prior to 1937 race tracks placed 3 stewards at the finish line so when two+ horses crossed the wire together, they would look at each other and vote on who won. Obviously, this inexact science created arguments, and controversy, especially in big money races.  Can you imagine today if a million dollar Pick 6 was decided by three judges?   This all changed in 1937 when Bing Crosby unveiled the Del Mar Thoroughbred Club. Bing wanted to ...

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Seattle Slew, Songbird, Horse Racing, and Family

5 minute read
  On Sunday, July 3, 1977 my grandfather picked us up from my mom’s house and we started our regular drive to Hollywood Park. I was 8. My sister Emily was 5. We were in our Sunday best. All dressed up because we were fortunate enough to sit up in the Director’s Room with all the Hollywood big wigs. Plus, we had to look good for self proclaimed style-master, Grandma Rudee. I ...

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OBS March Sales Blog - Final Day

3 minute read
As anticipated, the OBS March ended in fine fashion today with another seven figure buy pushing the sale just south of the 2015 installment.Following an uptick day of trading, OBS reported an overall two-day gross of $51,650,000 versus $55,432,000 in 2015 for the same 325 horses sold. The two-day average fell from $170,560 to $158,923. The RNA rate was 25%, compared with 23% a year ago. Overall, my thoughts are similar to yesterday. The middle market is not ...

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OBS March Sales Blog - Day 1 Recap

3 minute read
Thank you for all the nice comments about the sales blog. The sales auction is a huge part of the industry and your excitement to learn more about the process is nice to see. For thoroughbred partnerships, these sales are the main settings for stocking up the barn for the coming year. Buying the right horse at the right price is what your partners demand and either you deliver, or they will find someone else who will. Day 1 of the OBS March sale is in ...

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OBS March Sales Blog - The Day Before

3 minute read
The day before the two-year-old in training sale is when it all comes together for thoroughbred syndicates. You physically re-inspect horses.  Review videos again.  And again.  Talk to people…and if you’re smart you’re not talking so much as listening. OBS March has 600 horses which is usually whittled down to about 30.  Sometimes 10.  Sometimes 50.  Each buyer has their own “check the boxes”.  With some sales you see many ...

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Welcome to the OBS March Sales Blog!

3 minute read
Welcome to the OBS March Sales Interactive Blog. We hope these next few writings help give insight into purchasing a two-year-old at auction. The two day dale beings Tuesday, March 15th and the LRF team has been on the grounds all week looking at breeze videos and physically inspecting the more than 600 cataloged horses here in Ocala, FL. Unlike a yearling sale, horses breeze either one or two furlongs which gives buyers their first glimpse of ...

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Fasig-Tipton/Two-Year-Old in Training Sales Preview

2 minute read
Two-year-old in training sales are an exciting time of year. Winter is ending, the Triple Crown season is upon us and the hope of a new crop of horses fills the air. For the major horse racing partnerships, this is the biggest and usually best chance to re-stock the barn for the upcoming summer of 2YO racing.  Fasig-Tipton kicks things off next week, followed by OBS two weeks later. These two sales can set the tone for the year, especially when ...

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