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Ocala Today
By the People, for the People
Record-Setting OBS March Sale Concludes with $1-Million Yaupon Colt
Seven juveniles sell for seven figures as auction sees highest-ever gross
Mar. 12, 2026 at 10:19pm
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The Ocala Breeders' Sales Company's March Sale of 2-Year-Olds in Training concluded Thursday with its highest-ever gross of $71,815,500 and increases in both average and median from a year ago. The auction saw seven juveniles sell for seven figures, matching a record set in 2025, including a $1 million colt by Yaupon consigned by Kings Equine.
Why it matters
The OBS March sale is one of the premier 2-year-old in training auctions, attracting top buyers and consignors from around the world. The record-setting results demonstrate the continued strength of the juvenile market, with buyers willing to pay premium prices for the fastest and most athletic horses.
The details
A total of 439 horses sold over the three-day auction, up from 464 in 2023, with the average price increasing 7.4% to $163,589 and the median up 7.1% to $85,000. The buy-back rate was 22.4%, up from 17.6% a year ago. Wavertree Stables was the leading consignor, selling 13 horses for $7,730,000, including two of the seven million-dollar juveniles. Younger consignors like SBM Training and Sales and Jesse Hoppel also had breakout performances at the auction.
- The OBS March Sale of 2-Year-Olds in Training was held from March 10-12, 2026.
- The auction concluded on Thursday, March 12, 2026.
The players
Ocala Breeders' Sales Company
The Ocala Breeders' Sales Company is one of the leading Thoroughbred auction houses, hosting several major 2-year-old in training sales each year.
Wavertree Stables
A prominent consignment agency that was the leading consignor at the 2026 OBS March sale, selling 13 horses for $7,730,000.
SBM Training and Sales
A younger consignment agency that had a breakout performance at the 2026 OBS March sale.
Jesse Hoppel
A young consignor who had success at the 2026 OBS March sale as part of the growing group of up-and-coming consignors.
Donato Lanni
A bloodstock agent who purchased the $1 million Yaupon colt on behalf of owners Mike Pegram, Karl Watson, and Paul Weitman.
What they’re saying
“It's been an unbelievable market. I don't know what drives it. But I know what causes it--a fast horse. And there is no shortage of appetite for that.”
— Ciaran Dunne, Wavertree Stables
“I thought it was wonderful. I thought it was well attended. The good horses sold well and the middle of the road horses were traded, which is always good.”
— Randy Miles, Consignor
What’s next
The OBS sales season will continue with the April 2-Year-Olds in Training Sale, which is expected to feature an even larger catalogue than the March auction.
The takeaway
The record-setting results at the 2026 OBS March Sale demonstrate the continued strength of the 2-year-old market, with buyers willing to pay top dollar for the fastest and most athletic horses. The success of younger consignors also highlights the changing landscape of the Thoroughbred auction industry.
