2003 Mid-America Draft Horse Sale:
For The Record (McIlrath's Captain Jim)
by
Lynn Telleen
published in The Draft Horse
Journal, Spring 2003
If "records
are made to be broken" then many have been fulfilling
their destinies in recent times. The highest price ever paid
for a Quarter Horse at public auction was recorded just last
December when a mare sold at a Cutting Horse auction in Fort
Worth, Texas, for $530,000. Also in December, a record price
for a weanling Thoroughbred filly was realized in England
with a price of 1.8 million guineas, which translates roughly
to $2.9 million! Incidentally, the record on a Thoroughbred
stud colt stands at just over $4 million, and was set in
1997. In other species, the highest price paid for a Yorkshire
boar occurred in 2001 at a Summer Type Conference in Louisville,
Kentucky, fetching $220,000. At the 2000 Indiana State Fair,
a Hampshire gilt brought a record $34,000.
It's difficult to explain why records would be falling at
a time like the present, in the face of a national recession,
war, terrorist attacks, global warming, West Nile Virus,
etc., etc., etc., but fall they did at the recent Mid-America
Draft Horse Saleñthe most pronounced being the all-time
high price paid for a draft horse. Perhaps Rudyard Kipling
in "The Ballad of the King's Jest" was onto something
when he penned, "Four things greater than all things
are women and horses and power and war." Though the
war in Iraq had not yet begun, the irony is striking.
Back in 1917, when Grant Good paid $47,500 for the 6 year
old Belgian stallion, Farceur, it was no less than a milestone.
It was a record that stood for 86 years...until now, to be
exact. On February 20, 2003, the 2 year old Belgian stallion,
McIlrath's Captain Jim, brought $112,500. That is not a misprint...and
that, too, is another milestone.
With an initial bid of $5,000, it took less than forty seconds
for a barrage of bidding to dethrown Farceur. In that short
amount of time, the bid on Captain Jim was at $50,000. After
four speeches from pedigree reader, Steve Jones, and 17 additional
minutes, the gavel fell and 7,500 mouths dropped. James Raber
and Orla Yoder of Topeka, Indiana, had just made history
with their new purchase.
breeding chart
Auctioneer John Marg, who was doing the honors, says, "With
four or five different bidders on the horse all the way up
to eighty grand, it just shows how much interest there really
is. I was amazed at how quiet it was with nearly 7,500 people
in and around the stands. When the horse broke a hundred
grand, I didn't even need a microphone!"
"I think it will change the way people think of the
whole thing," Marg continued. "I believe this record
will be broken in a lot less time than the last one. Everyone
is out to break records. It's good for the business. Everyone
involved is to be commended. They left nothing to the imaginationñthey
had the table set; they showed him to All-American honors,
promoted him, JEB tested him and checked his semen." A
veteran auctioneer, Marg concludes, "It was definitely
a highlight in my auctioneering career."
Jim McIlrath of Grinnell, Iowa, says he bred Captain Jim
with every intention of keeping him for his own herd sire.
A young Amishman from Hazleton, Iowa, put a kink in those
plans. William Helmuth had a similar design for the colt
and approached McIlrath about selling him and made a tempting
offer. McIlrath says he consulted with his wife and through
a short discussion came up with the prohibitive price of
$25,000. But it didn't work.
Young Helmuth swallowed hard and accepted the terms and
became the new owner of the horse. McIlrath told Allen F.
Detweiler that he thought he'd gotten the last dime that
could possibly be had on the horse. For William, re-selling
the horse was the last thing on his mind. "I wanted
to stand him myself and ship semen," he says. Helmuth
had seen the colt's dam when she was at his brother's place
to be broke. Her action caught his eye, and her pedigree
kept his attention.
To be a successful and profitable herd sire, William knew
that the colt needed to be shown and promoted. Later that
year he spoke with Dean and Kelly Woodbury, Winchester, Indiana,
at the Michigan Great Lakes International to see if they'd
take the horse on the show circuit, and they agreed. After
only a couple of shows, interest in Captain Jim began to
mount. The buzz had started.
Having been present for the purchase, Allen Detweiler was
already well aware of the situation, but the mushrooming
buzz proved to be more than he could take. To make a long
story short, William soon acquired a partner. Dean Woodbury
recalls, "Originally, we were just going to show him
[Captain Jim] for William. But when Allen became a partner,
I knew he'd be sold."
When the partnership consigned the horse to the Gordyville
Sale, sale manager Vernon Yoder recalls the comment made
by Allen Detweiler: "The cards have been dealt to us.
All we have to do is to play our hand wisely." Kenny
Rogers would be proud. Woodbury recalls, "I didn't know
it was going to get wild until after the first of the year...everybody
started showing up at our place to see the horse!"
If the table was set, dinner was served at the horse sale.
Vernon Yoder says, "It's definitely a milestone. It
went well beyond any expectations I ever had. One thing that
really struck me at the time was that there were five parties
bidding up to the $80,000 mark, and two parties from there."
Contending bidder Fritz Helmuth said, "It crossed my
mind that the horse would top 100 grand, but I never expected
NOT to own him on my bid of $112,000!"
Vernon Yoder adds, "Our goal when we started this sale
was to provide a good draft horse market, but it's gone way
beyond anything we ever imagined. It was an honor and a dream
come true. I have never been involved with anything that
has affected me this way."
When the sale was final, Allen Detweiler recalls that William
Helmuth was a little pale and didn't look well. He says, "I
patted him on the shoulder and said, "NOW do you understand
why we had to bring this horse to Gordyville?'" He nodded
in the affirmative. Helmuth reflects, ìIt's going
to benefit a lot of people in the Belgian business besides
Allen and me."
James Raber, co-buyer of the horse said, "I had a lot
of mixed emotions. About three months ago, we decided to
just go for it. We are relatively new to the business and,
naturally, want to do well."
In retrospect, Jim McIlrath says, "I've read about
Farceur and now to think that my name is associated with
the horse that broke his record...it's unbelievable. I owe
William Helmuth and Allen Detweiler my gratitude for putting
it there."
So what does this mean to the heavy horse industry? Pedigree
reader and master promoter Steve Jones summarizes, "It's
the beginning of a new era." Deal the cards! |