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Rebound Unlikely During Keeneland Auction

Rebound Unlikely During Keeneland Auction

The Keeneland November breeding stock sale was hammered last year by the global financial crisis, suffering alarming downturns of 45.5% in gross, 39% in average price, and 42.9% in median price after a record-setting run in 2007. This year, consignors and sale company officials are hoping that, at the very least, the declines will slow down, but the odds are against a rebound during the auction's 13-day run, Nov. 10-22, in Lexington.

SITA Will Clarify Policy on Aged Mares

The Society of International Thoroughbred Auctioneers (SITA) will clarify its policy on aged broodmares during its next meeting, according to a press release issued by the organization on July 10. Based on comments by Fasig-Tipton and Keeneland officials, there was confusion about the portion of the policy that addresses broodmares 18 years of age and older and whether the ban recommended by SITA concerns all broodmares of that age or only broodmares of that age that are not in foal.

Keeneland April: More of the Same?

Keeneland  April: More of the Same?

Keeneland's April auction is the year's fifth and final major sale of 2-year-olds in training. The results for the previous auctions have been sobering, and most consignors are expecting to have a tough time again getting the prices they want for their horses April 6 and 7 in Lexington.

Keeneland Sale Features 212 Juveniles

Keeneland Sale Features 212 Juveniles

Keeneland has cataloged 212 juveniles for its April Two-Year-Olds in training sale, to be held Monday and Tuesday evenings, April 6-7. Sessions begin at 7 p.m. ET. The Preview Show will be held Thursday, April 2, beginning at 10:30 a.m.

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 Opening Average Plummets 45.9%

Keeneland Opening Average Plummets 45.9%

The results were grim, but not surprising, as Keeneland opened its January horses of all ages sale in Lexington during a time of worldwide economic downturns. The gross revenue Jan. 12 plummeted 44% from the auction's first session in 2008 while the average price dropped 45.9%. The median price suffered the most damage, falling 50.9%.

Weanlings Top Keeneland's Friday Session

Weanlings Top Keeneland's Friday Session

In a departure from the first four sessions of the Keeneland November breeding stock sale, in which broodmares or broodmare prospects were the session sale toppers, the highest-priced offering sold Nov. 7 was a weanling, a son of Giant's Causeway out of the winning Dixieland Band mare Queen's Music, who brought $310,000.

Keeneland Suffers More Setbacks

Keeneland Suffers More Setbacks

The marketplace continued to take a pounding from negative economic forces outside the Thoroughbred industry during the third day of the Keeneland November breeding stock sale in Lexington. Compared to 2007, the Nov. 5 session was down 42.1% in gross revenue, 33.3% in average price, and 36.5% in median price. The buy-back rate soared from 20.9% last year to 28.2% this year.

Keeneland November Sale Slumps at Start

Keeneland November Sale Slumps at Start

The opening session of the Keeneland November breeding stock sale generated some fireworks, but the results were a lot less spectacular than in 2007 when the gross revenue ($109,064,000) and the number of horses sold for $1 million or more apiece (28) established world Thoroughbred auction records for a single sale session. Also last year, Playful Act set a $10.5-million world mark for a broodmare or broodmare prospect, which since has been eclipsed by Better Than Honour's $14-million price.

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.

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