An A.P. Indy colt, who is a half-brother to multiple stakes winner Don't Read My Lips, brought the top price of $140,000 Monday during the first session of the Keeneland October yearling sale. Consigned by Pat Costello's and Gabriel Duignan's Paramount Sales, agent he was purchased by Kip Elser's South Carolina-based Kirkwood Stables.
"He's a big, strong athletic colt," Elser said. "That (price) was about right for today's sale. I'm happy with the horse, and I'm happy with the price."
A well-known consignor at sales of 2-year-olds in training, Elser said the colt would "probably" be resold next next year, but didn't rule out racing him. When asked who would own the colt, Elser replied: "A small group yet to be determined."
Produced from the 15-year-old Roberto mare Our Dear Sue, who is a full sister to champion Sunsine Forever, the colt was bred in Kentucky by Gaines-Gentry Thoroughbreds. As a weanling last year, he was bought back for $270,000 at the Keeneland November breeding stock sale. This year, he was bought back at the Keeneland July sale for $370,000, and he was bought back for $235,000 at the Keeneland September yearling sale.
In all, 160 yearlings were sold for a gross of $2,110,500, an average of $13,191, and a median of $5,000. The buy-back rate was 43.1%, with 121 of the 281 horses offered failing to find new homes. The buy-backs included nine yearlings that did not receive a single bid.
"People don't want horses that don't have any desirable characteristics," said California bloodstock agent Rollin Baugh. "And there were very few horses here who had the pedigree and the conformation to match."
This is the first year that Keeneland has offered an October yearling sale.Catalog, results, other information from Keeneland