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    Addington Weekly – May 12

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    Charles Road retired

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    Big changes to 3YO Ruby  

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    Bean’s a ‘Believer’

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    LORD BYRON?

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  • Posts

    • From his phone number would be an obvious indication. Knowing his location doesn't exactly constitute due diligence as required under the Act.   
    • Luis Gavignano's involvement in horse racing, which began innocently enough with a few claiming horses at Laurel Park in 2017, has blossomed into a racing, breeding and pinhooking operation with its own burgeoning home base in Ocala. His Lugamo Racing, with a dozen broodmares to support its graded-stakes winning first-season stallion, as well as a new stakes winner among its 10 horses in training, will offer 14 juveniles at the upcoming Ocala Breeders' Sales Company's Spring Sale of 2-Year-Olds in Training. Gavignano traces his love of horses back to his childhood in Venezuela. Now living in Virginia where he owns a string of fast food restaurants, he found an outlet for that passion at nearby Laurel Park. “The closest track I have is Laurel Park,” Gavignano said. “So I started going there. I have been a horse lover for forever, but not really into the racing. So I just started looking. I met some trainers over there at Laurel Park, Rodolfo Sanchez and Claudio Gonzalez. I bought two or three claiming horses, nothing really special or any big horses. That was in 2017.” The following year, Gavignano made his first trip to the OBS sales and it was there, in April of 2021, that he purchased Petulante (Arrogate) for $40,000. The gray went on to win the 2023 GIII Salvator Mile and is currently standing his first season at stud in New York at Irish Hill and Dutchess Views Stallions. “I have 12 mares right now that are in foal to Petulante,” Gavignano said. “I am trying to give him a chance. I will try to keep these 12-15 mares to show other breeders that I believe in my horse. They can see that I am trying to support him. I hope other people will at least give him a chance.” Gavignano's current focus is on buying at the yearling sales before deciding whether to send his 2-year-olds through the sales ring or into his racing stable. “I started very quietly, buying two or three horses,” Gavignano explained. “Last year, I did it a little bit more. I bought 24 horses as yearlings. Honestly, I didn't plan to buy 24 horses last year. My idea was to buy a few horses, maybe five or six, and keep two or three and sell the other ones. That was my initial idea. But for some reason, I fell in love with so many horses that I ended up buying them. I am still dealing with which ones I am going to keep and which ones we will try to sell.” The sell-or-race philosophy worked out perfectly for Lugamo last year. The operation purchased a daughter of Tapit for $60,000 at the 2023 Fasig-Tipton October sale and reoffered her the following April at OBS where she sold for $325,000 to KatieRich Farms. At the Fasig-Tipton July Sale in 2023, Lugamo purchased a filly by Tiz the Law for $80,000 and, when she failed to meet her reserve at $145,000 at OBS in March, she joined the operation's racing stable. Both fillies are now stakes winners, with May Day Ready (Tapit) winning last year's GII Jessamine Stakes and finishing second in the GI Breeders' Cup Juvenile Fillies Turf, while Cloe (Tiz the Law) won the Melody of Colors Stakes in just her third lifetime start at Gulfstream Park Mar. 23. May Day Ready | Erin Johnson/Coady Media Gavignano credited Servando Espinoza with helping him to find May Day Ready as a yearling. “[Espinoza] has his own farm and his own company, but we are very close,” Gavignano said. “We are neighbors. I keep my horses at my farm and he comes every morning to take my horses to the track. We have this relationship and we are good friends. He told me I should look at this Tapit filly. I went with him to see her and I said, 'No way. I don't think she has a chance.' She was very small. But he said he thought we could put her where she should be. And she's by Tapit. Usually you cannot go wrong with Tapit. “The change after six months was amazing,” Gavignano continued. “She looked totally different. And more important, she was working really good at the farm. I put her in the sale and you saw the numbers. We bought her for $60,000 and we sold her for $325,000. But the most important thing is the new owners did a really good job with her.” Despite a :9 4/5 work, Cloe failed to attract the interest Gavignano was hoping for, but he was happy to take her home. “Since the first day, I did not want to put Cloe in the sale,” he admitted. “She was a really good filly with everything–conformation, size, the pedigree. Everything was good. And she really had a good breeze. I talked to Tristan de Meric and I said, 'I am going to put her through the ring, but I am going to be picky with how much I am going to ask for her. Because I think she is special.'” Gavignano admitted he really hadn't expected the filly to RNA. “I was surprised, but the big buyers want a clean, clean horse,” he said. “She had a small issue. When I spoke to the doctor, he said to me, it's nothing for racing, but maybe it is going to hurt her at the sale. I wasn't going to give away my filly. So I kept her.” The pinhook or race debate continued at this year's OBS March sale, where Gavignano sold three horses, but ended up taking one home. “I had one Uncle Mo colt that was doing really good, but he got injured in the stall the night before the sale,” Gavignano said. “He's doing great. He's back at my farm. It was nothing major. So that's one of the horses I am going to keep. He did great in the breeze at OBS. I am a strong believer in God, so I think it was a message. He sent a message to keep this horse and that's exactly what I am doing.” Lugamo Racing's OBS April contingent includes a colt by Into Mischief (hip 27), purchased for $200,000 at the Fasig-Tipton October sale, and a colt by Tapit (hip 249), purchased for $300,000 at the Keeneland September sale. Both colts are consigned by Top Line Sales. With de Meric Sales, Lugamo will offer a filly by Into Mischief (hip 660), who was purchased for $115,000 at Fasig-Tipton October and a colt by Justify (hip 744) purchased for $200,000 at Keeneland September. “Last year, I tried to buy more into some pedigrees and see what happens,” Gavignano said. “I think it's a very good group. So far, I think Top Line and the de Merics are happy with the group that we are bringing. But you never know. You have to have good luck. For instance, at the March sale, we had three fillies the first day and the first day was really, really bad for breezing. It was 20+ mph headwind. So they didn't really perform in the way they did before. But the next day and the following day, there was no wind and there were a bunch of :9 4/5s and even a :9 3/5.” Gavignano thinks he may have found a way to circumvent any bad luck when the under-tack show for the Spring sale begins Sunday. “The good thing is, I have horses in every day of the book,” he said with a chuckle. “So I don't have everything in the same basket.” Two years ago, Gavignano purchased a farm in Ocala, but he wasn't originally thinking of his racehorse operation when he bought the property. “The reason I bought the farm initially was more for the love of the horses, not really thinking that it would be a perfect facility for training,” Gavignano said. “It was more that I wanted to have a place where I could fly out of my base in Virginia and spend time around the horses.” He continued, “But if you put everything together, it was a perfect combination. My barns were there, I have a bunch of broodmares that are in foal. So I can see the horses and I can have the horses there to rest for a few weeks or months. We want to actually build an equine pool. I am preparing for the farm to be a complete facility. So we don't have to go to a different place, everything will be in one place.” After eight years in the business, Gavignano has experienced success on the track and in the sales ring and he is now expanding into breeding, but he has no problem identifying his favorite aspect of the industry. “There is nothing like racing,” he said. “When you go to a sale and you see your horses doing good, it's very nice to see that. But you know the goosebumps that I feel every time that I have a horse in any race? I don't know why, for me, a $20,000 claiming race makes me feel that way. That adrenaline when we are in a race, it's difficult to feel that any other way.” So while he will be offering several horses at the OBS Spring sale, he won't be too upset to take some of those babies home with him. “I don't have any hesitation to keep them, to be honest with you,” Gavignano said. “If the horse doesn't bring what I want, I hope we can have the next Cloe.” Of his expanding equine empire, Gavignano admitted, “When I got more into the horses, you know, it is difficult to get out.” The under-tack preview of the Spring sale will be held next Sunday through Friday with sessions beginning daily at 8 a.m. The auction will be held Apr. 15-18. Bidding begins each day at 10:30 a.m. The post With Success on the Track and in the Sales Ring, Lugamo Racing Does it All appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions. View the full article
    • Fasig-Tipton has catalogued 107 entries for its April Digital Sale, which may be viewed online at digital.fasigtipton.com. Bidding is open and will now close on Wednesday, Apr. 9, beginning at 2 p.m. ET, instead of Tuesday, Apr. 8 as originally scheduled. The closing date has been pushed back as to not conflict with rescheduled racing at Keeneland. The catalogue features horses of racing age, breeding stock, 2-year-olds in training, yearlings, and a no guarantee season to Nyquist. Featured offerings include the major reduction of Merriebelle Stable as well as half-sisters to Eclipse Champions Mitole and Ria Antonia; GI Kentucky Derby winner Mystik Dan; and Grade I winners Hot Rod Charlie, Dunbar Road and Princess Violet. “We've got over 50 horses of racing age in current form ready for action at the spring meets, stakes-credentialed breeding stock, quality offerings from the reduction of Merriebelle Stable, and a no guarantee season to leading sire Nyquist,” said Leif Aaron, Director of Digital Sales. Other offerings of interest include: Tiarella (Hip 7): Nyquist filly broke her maiden by seven lengths going away Aqueduct on Mar. 23. Offered as a racing/broodmare prospect by Indian Creek, agent. Yes Ma'am (Hip 21): Three-year-old half-sister to last year's GI Kentucky Derby winner Mystik Dan. Offered as a racing/broodmare prospect by Taylor Made Sales Agency, agent. Blind Spot (Hip 23): Stakes winner at two and multiple stakes performer. Offered as a broodmare prospect by Gainesway, agent. Her Laugh (Hip 24): Daughter of Practical Joke was an undefeated stakes winner last year at two and placed in stakes company on the Kentucky Oaks trail this year. Offered as a broodmare prospect by Ballysax Bloodstock, agent. Delray (Hip 25): Three-year-old Munnings filly won her last two starts, including an allowance at Aqueduct on Mar. 28. A winner last year at two, she's never finished worse than third in six career starts. Offered as a racing/broodmare prospect by Full Servis Equine, agent. The post Bidding Open for Fasig-Tipton April Digital Sale; Will Now Close Apr. 9 appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions. View the full article
    • It felt more doomsday than liberation day as the world – especially those people who do business with America – awaited President Trump's address from the White House on trade tariffs. In the bloodstock sector, where horses are regularly traded between Europe and the United States, the one thing we can be certain of for now is that the issue will add some uncertainty to the market. A first test of the degree to which it will affect the sales will come when the breeze-ups get underway later this month. The Arqana Breeze-up Sale at Deauville in May has routinely attracted not just many American-bred horses pinhooked in Kentucky the previous autumn but also plenty of American buyers. Some of those regular transatlantic visitors recently told Sue Finley what it is they like about this two-year-old sale in particular, but that was before the introduction of a 20 per cent trade tariff on the European Union (EU) trading bloc for all imports to the USA. This could affect sales in France, Ireland, Germany and Italy, and, to a lesser extent, Britain, which left the EU in 2020 but had a 10 per cent tariff imposed by Trump on Wednesday. These will come into effect from April 9. According to the Financial Times, EU leaders are now planning a four-week period of consultation and negotiation before deciding whether to issue retaliatory tariffs on American goods. Britain's prime minister Sir Keir Starmer is holding out for a trade deal that will reduce the 10 per cent rate but has not ruled out some degree of retaliation. At Arqana, close attention will be paid to these crucial EU negotiations, according to CEO Freddy Powell, who adds, “And we have a very close alliance with the Irish agricultural industry.” Fluctuations in currency strength routinely affect the ebb and flow of spending from different nations, and that will doubtless play a part this year too. In the immediate aftermath of Trump's announcement, the pound and the euro both rose against the dollar. “The impact on the American buyer is still very difficult to calculate because obviously, through political and economical actions, there can be a lot of change between the euro, sterling and the dollar, so that 20 per cent could actually be far less in the end,” Powell says. Furthermore, not all international purchasers at sales are exporting the horses they buy, with plenty of Americans counted among the overseas clients supporting stables and stud farms in France, Britain and Ireland. “Half of the American purchases stay in France,” Powell says of the trade at Arqana. “Our American clients are not only attracted by the genetics of our horses and the know-how of our breeders and trainers, they also come to buy horses in France to enjoy the French racing, the atmosphere – the savoir vivre a la Francaise. We're not only selling horses, it's the whole package, and often the American buyers are coming to find something they don't have at home. So this demand is not going to stop from one day to another – 9 April is not going to be the day of the funeral of French racing for the Americans.” It is a similar story at Tattersalls, particularly at the yearling sales. At last year's Book 1 of the October Yearling Sale, at least 43 yearlings were bought by American entities for almost 12 million gns, just less than 10 per cent of that elite sale's total turnover. It is difficult to wholly assess the exodus of bloodstock from Europe to America but the Weatherbys Fact Book states that last year 117 British-bred horses were permanently exported to the US, and that number has been largely consistent over the last four years, with 442 having been exported during that time. The number is greater when it comes to Irish-breds, of which 304 were exported to America last year (1,187 in the last four years). Alongside public auctions, there is strong trade in private purchases for horses who have shown decent form in maidens. Earlier this week, Brian Sheerin reported on the lucrative sale of Curragh maiden winner Dupont Law (Ire) (Le Havre {Ire}), who will be leaving Ciaran Murphy to race on in America. A new wave of Middle Eastern buyers and an emerging force in Amo Racing, as well as the big-spending Yulong operation and typically strong demand from Japan and Australia, were all significant factors in healthy returns in last year's yearling, foal, horses-in-training and breeding stock markets in Europe. Indeed, it could be argued that if, say, Japan responds like-for-like to the imposed 24 per cent tariff, then perhaps buyers from that country will favour European sales over those in America, where they also make a significant impact. Powell says, “We need to put things into perspective: the American market is very important for Arqana, it amounts to 10 per cent of our trade, but also we are very lucky to have a massive spectrum of international clients. As an example, in August 2024, we had 11 different buyers for the 11 top prices of the sale, and they were from nine different countries.” With regard to the forthcoming breeze-up sales in particular, it is worth noting that horses bearing a USA suffix sold in Europe would not be subject to tariffs if returning to America for a racing career. There is little doubt, however, that the market for two-year-olds over the next two months will have a knock-on effect for the yearling sales, which in turn affects the foal trade. A number of people from different roles canvassed for their opinions on this emerging situation said that they preferred not to be quoted but would be keeping a close eye on developments. That old saying that a week is a long time in politics is perhaps particularly true of the volatility of the current era. The one thing that we have learned about the bloodstock business, particularly since the more troubling days of the Covid pandemic, is that its participants are resilient and adaptive. They may need to be once more as the true impact of the tariffs is assessed in the coming months.   The post Watching Brief for Bloodstock World as Trump Enforces Trade Tariffs appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions. View the full article
    • You would need to pose that question to the person or organisation that claims that to be the case.
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