We've had a good representation of international buyers already, including French agents and English agents; there are three or four we haven't seen in a while. More people are looking at our sale and taking it seriously this year.

The atmosphere in Southern California is so much better than at this time last year. Santa Anita has had a great meet, and the purses are high.

We lost a major buyer (with the recent death of Bob Lewis); we had a smaller catalogue; and there wasn't as much depth in the catalogue as last year, so I'm very happy. We survive to fight another day.

We are excited that we now have a lot of working capital to bring it to market.