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.
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 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.
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.
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.
Mr. Greeley offspring are among yearlings that buyers and consignors believe could sell well.
Gross revenue climbed at Keeneland during the second session of the November breeding stock sale while the mare Island Sand sold for $4.2 million.
Keeneland sets world record by cataloging 5,553 horses for its September yearling sale.
Robert C. Tanklage and Wesley Ward's One Hot Wish, a 2-year-old filly who posted a world record time of :48.87 for 4 1/2 furlongs in her career racing debut at Keeneland Thursday, will be offered during Keeneland's April juvenile auction Tuesday.
Attorneys for James McIngvale have asked a Texas judge to drop Kentucky-based agency Eaton Sales from the list of named defendants in the horse owner's fraud 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.
Grade I winner Downthedustyroad brought $1.5 million to top the fourth session of the 2007 Keeneland January horses of all ages sale Jan. 11. For the session, the Central Kentucky auction house registered across the board gains, while the cumulative numbers took a small dip.
Keeneland's January horses of all ages sale, which begins Monday in Lexington, will be bigger than ever before. The auction's total of 2,933 lots exceeds by 425 the former January record of 2,508, set last year.
Bidding was hot during the Fasig-Tipton Kentucky November select mixed sale Nov. 5 in Lexington.
Summerly, front-running winner of the 131st Kentucky Oaks (gr. I), will be consigned by Eaton Sales to the Fasig-Tipton November Selected Mixed Sale Nov. 5 in Lexington.
Gaines-Gentry Thoroughbreds has purchased a minority interest in Eaton Sales. The 2006 Gaines-Gentry yearlings will be sold by Eaton Sales at the Fasig-Tipton Kentucky July, Fasig-Tipton Saratoga, and Keeneland September sales.
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.
Here are some horses that could bring big prices Monday night at Saratoga.
Here's some horses who could sell big Wednesday night.
Keeneland's January Horses of All Ages Sale ended Jan. 15 with the third highest gross in the history of the auction.
Cozzene's Angel, the dam of multiple grade I winner Toccet, sold for $1.35 million Tuesday as the Keeneland January horses of all ages sale gained momentum and shot ahead of last year's pace.
The fourth session of the Keeneland November breeding stock sale saw the prices of first three days come down slightly from the stratosphere. However the final figures show a market strength that continues to impress industry insiders.
Eaton's Tom VanMeter might get involved in Santa Catarina, Take Charge Lady partnership.
Topped by millionaires Unbridled Elaine and Take Charge Lady, Keeneland's November breeding stock sale jumped out to a healthy start Monday, with a 16.2% increase in gross receipts over the same session one year ago. The median price rose 2.8%, the buyback rate was down substantially, and the average price fell 5% over the same session last year.
The world record gross for the Keeneland September yearling sale stood at $323,743,800 Sunday following the 13th of the auction's 14 sessions.
Here's some of the horses getting favorable reviews at the Keeneland September yearling sale.
Based on the results of earlier juvenile auctions, Keeneland's select sale should generate some very big numbers Tuesday in Lexington.
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.
EquineCommerce.com quietly opened for business earlier this week, failing to sell any horses or stallion seasons in its first series of listings. But the company's chief executive was pleased because the software for the company's Web site worked well.
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.
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.
After two days of Keeneland's September sale in which 27 horses brought $1-million bids or more, Wednesday's session of the annual yearling sale in Lexington slowed down as the "select" portion gave way to the first of 10 remaining days of the auction.
Will the top of the yearling market rebound from last year's major adjustment downward or will it suffer more setbacks? We'll start getting some answers Tuesday when the Fasig-Tipton Saratoga select yearling sale opens its three-night run in New York.
Keeneland and its partners have made major cutbacks and changes in the operation of Equine Spectrum, an online auction company.
Karen and Mickey Taylor announced on Thursday plans for a complete dispersal of their Thoroughbred holdings, beginning this fall at the Keeneland November breeding stock sale.
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.
After a drastic downturn Monday from the comparable session one year ago, the Keeneland November Breeding Stock Sale rebounded Tuesday as the second day average and median were more closely in line with the comparable day one year ago.
Beginning with the Keeneland July yearling auction, Eaton Sales will post medication lists at its barns, said Reiley McDonald, a co-owner of the company. The lists will contain information about any treatments the horses receive while stabled on the sale grounds.
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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