While the results of Overbrook Farm’s offerings at the Keeneland January sale weren’t exactly earth shattering, when added to its totals from last September and November, the farm’s dispersal, handled by Eaton Sales, still goes down as one of the most significant of all time for the Lexington-based sale company.

Founded by the late William T. Young, Overbrook announced last summer it would completely disperse its horses due to a lack of passion for the business by Young’s son, Bill Young Jr.

At the January sale Overbrook sold nine horses for a total of $202,000. Two horses were withdrawn because of vet issues and will be sold at Keeneland’s September yearling sale.

“I thought they sold well enough,” said Overbrook’s key consultant Ric Waldman. “We weren’t looking for any home runs. You never know when you put a horse through the sale without a reserve how it’s going to be received, especially in a lesser market. But we were pleased with the results of the (January) sale.”

Overbrook’s highest-priced horse at the January sale was a 2-year-old colt by Smart Strike - Surfside, by Seattle Slew, which BBA Ireland bought for $45,000.

At the Keeneland November sale, the 148 mares, weanlings, and racing and stallion prospects from the Overbrook dispersal grossed $31,760,000.  Topping the sale was the 4-year-old winning Storm Cat filly Honest Pursuit, who was bought for $3.1-million by brothers Alain and Gerard Wertheimer.

At the September sale, Overbrook’s  51 yearlings that went through the ring, including 50% of four foal shares, brought a collective $6,504,000, according to farm figures. When combined, the dispersal ranks as the second-largest in Keeneland history, with 208 horses finding new homes for a total of $38,466,000.

“All in all in the (Overbrook) dispersal, we were very pleased given the lack of participation from some of the big buyers, and given the market and the uncertainty, I think the results were rewarding,” said Waldman.

Other significant dispersals:
Newstead Farm Trust (Fasig-Tipton Kentucky, November 1985)
42 horses and 20 stallion shares sold for $46,988,000
Nelson Bunker Hunt (Keeneland, January 1988)
580 horses for $46,912,800
Hermitage Farm (Keeneland, November 1987)
130 horses sold for $32,676,500
Tartan Farms/John Nerud (Fasig-Tipton, September/November 1987)
Eugene Klein (Keeneland and Fasig-Tipton, 1989)
Issam Fares’ Fares Farm (Keeneland, November 1998)

The Blood-Horse, January 23, 2010