According to a press release sent out by the New York Bred Sales Company, the NY Bred sale scheduled for Saratoga on October 10, 2010 is cancelled for this year. NYBSC President Joe McMahon said that due to scheduling difficulties this one year absence is necessary.
I cannot comment on the why of cancelling the sale. Knowing the leadership of this group, there had to be sufficient cause for them to cancel a sale of NY Bred yearlings, weanlings, and mares especially now that VLT legislation is finalized.
The difficulty is that this sale was one of the few places where entry to mid level NY Bred horses could be purchased by owners looking for value. It is also one of the few sales, other than the Fasig Tipton Preferred sale that is geared to NY Breds only. This is a time when we as an industry needs to bolster the NY Bred program and home bred yearlings.
The number of mares being covered in NY continues to drop. This will make NY Bred racing more difficult short term. Fewer horses will cause fewer fields and less competition. This will mean that a once strong program will continue to weaken. This is evidenced by the inability to conduct this sale in October.
It is my hope that next year we will see a sale in October. It is also my hope that we will see new sires and mares coming to NY creating a program of strength as the purse structure will hopefully increase with the onset of VLTs.