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Downward Spiral Continues at Keeneland

Downward Spiral Continues at Keeneland

The Keeneland January horses of all ages sale continued its scary downward spiral during the second session of its six-day run in Lexington. The gross revenue Jan. 13 dropped 66.2% from a year ago while the average price fell 61.6%. The median price plunged 55.8% while the number of horses sold was down least of all, 12.1%.

Biancone Buys Baroness Thatcher

Biancone Buys Baroness Thatcher

Trainer Patrick Biancone went to $1.8 million to acquire grade III winner Baroness Thatcher during the late portion of day two of the 2008 Keeneland November breeding stock sale Nov. 4 at the Central Kentucky auction house.

Filly Out of Teeming Brings $1.475

Filly Out of Teeming Brings $1.475

On the heels of Better Than Honour selling for $14 million, a bay filly out of her daughter, Teeming, sold to Reiley McDonald of Eaton Sales for $1.475 million late in the opening session of the 2008 Keeneland November breeding stock sale Nov. 3.

Keeneland Sale Faces Economic Hurdles

Keeneland Sale Faces Economic Hurdles

Consignors are steeling themselves and their clients for a significant downturn in the market at Keeneland's breeding stock sale, which starts Nov. 3 in Lexington and runs for 15 days. But they also are hoping that the drop in prices will bring out the bargain hunters, who could help reduce the severity of the setbacks, which seem inevitable during the current global financial crisis and Thoroughbred auction slump.

Zayat Adheres to Plan, Selling Horses

Following his business plan, Ahmed Zayat of Zayat Stables will offer more than 70 horses, including grade III winner Baroness Thatcher, during the 2008 Keeneland November breeding stock sale, which begins Nov. 3. Eaton Sales will consign the horses, which will include racing, broodmare, and stallion prospects, as well as a few weanlings.

Zayat Has Large Consignment at Keeneland

Zayat Stables has 90 horses cataloged in Eaton Sales' consignment for the Keeneland November breeding stock sale. They include 2007 Santa Ysabel Stakes (gr. III) winner Baroness Thatcher and Premium Wine, who scored in the 2007 Gallant Bob Handicap at Philadelphia Park and finished third in the 2008 Carter Handicap (gr. I) at Aqueduct.

Keeneland September Gross Down 14.8%

Keeneland September Gross Down 14.8%

The Keeneland September yearling sale closed out its 15-session run in Lexington with downturns in every key business figure and gross revenue that fell short of last year's total by a whopping $57,019,500. But even though the setbacks were significant, many participants in the auction were pleased by its performance at a time when the nation is reeling from a financial meltdown and there are growing economic woes abroad.

Keeneland Average, Gross, Median Decline

Keeneland Average, Gross, Median Decline

Zayat Stables paid $500,000 for a colt by Medaglia d'Oro to top the Sept. 13 session of Keeneland's September Yearling Sale. Consigned by Eaton Sales, agent, the colt is out of the unraced Clever Trick mare Game Trick, and from the family of champion sprinter and sire Langfuhr.

Consignors Added to McIngvale Lawsuit

Racehorse owner James McIngvale has expanded his high-profile lawsuit against three horsemen to include several consignors allegedly involved in claimed fraudulent public auction transactions.

Jones Defends Payment of Commissions to Former Jackson Adviser

Airdrie Stud owner Brereton C. Jones said he paid consulting fees and commissions of at least $130,000 after two Keeneland sales to trainer Bruce Headley, one of six defendants in a lawsuit filed by California winemaker Jess Jackson for fraudulent misrepresentation in the purchase of horses and horse farm property.

Vance Dispersal Will Begin at Keeneland April

The Thoroughbred holdings of the estate of Jeanne G. Vance, owner of 1999 Belmont Stakes (gr. I) winner Lemon Drop Kid, will be dispersed this year beginning with 11 offerings at the Keeneland April 2-year-olds in training sale.

Weisbord to Launch New Equine Exchange

Barry Weisbord, the publisher of Thoroughbred Daily News and an innovator in the Thoroughbred industry, will announce the rules and structure of his newest venture at a press briefing in Lexington Nov. 7.

VanMeter Has Favorable Count in Juvenile Fillies

Tom VanMeter II hopes he has the bases covered in Breeders' Cup Juvenile Fillies (gr. I). A principal in Eaton Sales along with Reiley McDonald, VanMeter has sold many "home run" runners, but he has two of his own on deck for the $1-million race for 2-year-old fillies: Be Gentle and Victory U.S.A.

Equine Spectrum Announces Plans, Hires New Executive Director

Equine Spectrum, the online Thoroughbred auction company based in Central Kentucky, has a new executive director, Dan Kelliher, and plans to conduct up to five sales this year. The first will be an auction of stallion seasons that is scheduled for Feb. 6. Another sale will be held in April that will feature horses and stallion interests with connections to Triple Crown contenders. Additional auctions in 2002 will include one with tie-ins to the Breeders' Cup World Thoroughbred Championships.

Keeneland to Buy Interest in Equine Spectrum

Keeneland has signed a letter of intent to purchase a 25 percent interest in the online auction company Equine Spectrum. An additional 25 percent interest in the company is scheduled to be available to other investors in the Thoroughbred industry. Keeneland's board of directors will vote on the move at its April meeting.

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