Little Red Feather Racing Blog

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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How do Training Expenses Work with an LRF Horse Racing Partnership?

2 minute read
It’s one of the most frequently asked questions we receive and for good reason. Understanding the risks and exposure is important when evaluating any investment. Owning a share in an LRF horse racing partnership comes with two expenditures. The initial share price to purchase the horse and upkeep/expenses. All partners pay all expenses from “Day 1”, no matter when you purchased your share of the racehorse. While this may seem like a daunting task, with LRF’s ...

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LRF Cares is Formed to Help Retired Thoroughbred Partnership Racehorses

2 minute read
Horse Racing Partnerships First Charity Designed to Care for Partnership Horses After Their Racing Careers. I am so excited to announce the formation of LRF Cares, a 501(c)(3) charitable organization which will provide aftercare for horse racing partnership horses and other noteworthy causes. The first goal of LRF Cares is to make sure every Little Red Feather horse, whether they ...

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It's Time to Remove Live Mutuel Tellers

2 minute read
“I have the best time betting with a live teller,” said no one ever. If you can imagine the old supermarkets with its cashiers ...

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Our Wish List for 2016

2 minute read
As most people do when the calendar year turns, it's time to reflect on the year that was and set goals for the year ahead. Horse racing had a rejuvenating year in 2015 when it saw its first triple crown winner in 37 years. American Pharoah excited old fans and created interest in new ones. Getting attention on social media isn’t easy, and AP dominated it in 2015. With the champ now off to the breeding shed, what lies ahead for thoroughbred horse racing? ...

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