Lane's End Out of Keeneland Tuesday Session
Updated: Wednesday, July 17, 2002 9:43 PM
Posted: Tuesday, July 16, 2002 6:17 PM
Lane's End Farm sold the only two yearlings to bring over $1 million at the Keeneland sale on Monday, but it will not sell any horses at the auction on Tuesday.
Last week, Lane's End withdrew half of the six yearlings it was scheduled to sell Tuesday. It withdrew the other three Tuesday afternoon.
"I was told this afternoon that they were withdrawing the horses," Keeneland sales director Geoffrey Russell said at 6 p.m., 90 minutes before the start of the Tuesday session.
No reason was given for the withdrawls, and Russell said no reason has to be given. "They are their horses," he said. "I expect some will be sold here in September and some will be retained for racing.
"We had 10 outs Monday night between six and seven-thirty," Russell said. "I expect the same tonight."
On Monday night, the session began with 22 of 100 hips listed as out. At 6 p.m. Tuesday, there were already 24 of 100 listed as withdrawn.
Lane's End, owned by Will Farish, made news this year by returning to the Keeneland July sale after selling at the Keeneland September auction the past two years.
At the opening session Monday of the two-day sale, the gross plummeted 39.1%, the average dropped 34.6% and the median fell 22.7%. If that was not bad enough, the buy-back rate was 47.4%.
With 22 scratches and 37 bought back, that meant that Monday night only 41 of 100 catalogued yearlings found new owners.
The average Monday was $383,902, down from last year's $587,432.
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