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Summer Raven Soars to $1.7 Million

Summer Raven Soars to $1.7 Million

Summer Raven, winner of the 2004 Tempted Stakes (gr. III) and in foal to Unbridled's Song, became the first horse to bring seven figures Nov. 11 during the second session of the Keeneland November breeding stock auction in Lexington. Offered around noon (EST), she sold for $1.7 million to Kentucky bloodstock agent Reynolds Bell.

Mary Delaney Kicks Off Overbrook Dispersal

Mary Delaney Kicks Off Overbrook Dispersal

Mary Delaney, winner of the 2007 Vinery Madison Stakes (gr. II) at Keeneland, kicked off the Overbrook Farm dispersal at the Keeneland November breeding stock auction in Lexington by selling for $850,000. She was the second horse in the sale ring during the auction's second session Nov. 11. Kentucky bloodstock agent Reynolds Bell purchased her from Eaton Sales' consignment.

Unbridled's Song Colt Leads Way at Keeneland

Unbridled's Song Colt Leads Way at Keeneland

An Unbridled's Song colt brought $185,000 to top the ninth session of the struggling Keeneland September yearling sale. While the number of horses sold Sept. 23 in Lexington rose 5.6% from a year ago, the gross revenue declined 26.2%. The average price dropped 30.1%, and the median price plunged 40%. The buy-back rate fell from 24.6% in 2008 to 19.3% this year.

Keeneland Reduces RNA Commission

Keeneland Reduces RNA Commission

Keeneland has reduced its sales commission on horses that fail to meet their reserves to 2.5%. The rate will be in effect for this year's September yearling and November breeding stock sales and the 2010 January horses of all ages sale.

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%.

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

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.

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