News from the UPHA
Wednesday, December 6, 2006
THE UNITED PROFESSIONAL HORSEMEN’S ASSOCIATION AWARDS CLASSICS INCENTIVE FUND PRIZE MONEY……
In 2004, twenty-five yearlings came to Kansas City, MO, for the UPHA Classics Incentive Fund Yearling Sale, being held during the UPHA American Royal National Championship Horse Show for the first time. The annual yearling sale began in 2002 at TSE Tattersalls in Lexington, KY.
This year, five of those 2005 yearlings, now Three Year Olds, made their way back to Kansas City and the UPHA American Royal National Championship Horse Show, to compete in the Dabora, Inc./UPHA Classic Grand Championships. In order to win the added Incentive Fund prize money, a 2004 Yearling had to receive a ribbon in the class, and if there was more than one former yearling in a class, only the top ribbon winning horse in that class could receive the added prize money. A change was added to the rules for payout of Incentive Fund money, starting with the 2004. This year, 10% of the added Incentive Fund prize money paid out would be paid to the original consignor of the yearling in the sale.
At the end of an exciting night of Classic Championships, three eligible horses actually won ribbons in their Championships. Two of those three horses shared $35,000 – up from a purse of $21,000 in 2005 - earning $17,500 apiece over and above the regular Classics payout.
Majestic’s Top Billing, trained and shown by Scott Matton for owner Jonelle Chovanec-Gardiner, won $17,500 in the Five-Gaited final with a 7th place finish. Since Ms. Gardiner was the original consignor of this talented horse in the 2004 Yearling Sale, she received the total amount of prize money.
Another Filly, owned by Peter Radintz and shown by Jay Wood, earned an extra $15,750 with a 6th place finish in the Fine Harness final. Like the Grand National program, a horse doesn’t have to win its class in order to earn the extra dollars. In this case, C & L Stables of Harrodsburg, KY, consigned this horse as a yearling, so they will be receiving $1,750 as a bonus for consigning this horse to the 2004 sale.
THE 2006 UPHA CLASSICS INCENTIVE FUND YEARLING SALE REPORT……
The fifth annual UPHA Classics Yearling Incentive Sale was held Friday morning, November 17th, 2006, and provided an outstanding opportunity to take home a top level yearling. The sale saw outstanding consignments from top breeders and agents. All horses sold through the 2006 sale are eligible for extra incentive money when they show as three-year-olds at the 2008 UPHA Classics Finals.
A big crowd gathered early Friday morning in Hale Arena at the American Royal complex for the Yearling Sale. Before the sale started, everyone enjoyed a buffet breakfast sponsored by Sarah Rowland and the UPHA.
The top selling yearling in this year’s sale was Innovator, a gelding by Memories Are Made of This, and out of a dam by Mr. Wonderful SH, consigned by Virgil and Sandra Helm, bringing a price of $33,000 for new owners Melissa Moore and Larry Nunley. This ownership team was also the high bidders on the second highest selling yearling, Storming March, a stallion by Jon Bugatti and out of a Radiant Sultan mare, consigned by Pegasus Enterprises LLC, and represented in the sale ring by Dena Lopez.
A total of 17 Yearlings found new homes, with the sale average of just under $7,000 per head. Several yearlings did not attain their reserve prices; however, their consignors could choose to keep the yearlings eligible for the Incentive Fund Prize money program by paying 10% of the no sale price.
The UPHA would like to thank all the consignors and bidders for their outstanding contributions to making the 2006 UPHA Classics Incentive Fund Yearling sale a great success.
Next year’s sale will be held on Friday, November 16th, 2007.
For further information on the UPHA Classics program or the UPHA Classics Incentive Fund Yearling Sale, please contact the UPHA at (859) 231-5070 or email UPHAKGR@aol.com
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